Price for Petroleum Gases and Other Gaseous Hydrocarbons in Colombia - 2022

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Colombia (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Colombia (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Colombia
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Colombia

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Colombia (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $1,067 per ton in 2022, growing by 34% against the previous year. Overall, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2020 an increase of 81% against the previous year. Over the period under review, average import prices reached the maximum at $1,236 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($16,273 per ton), while the price for Japan ($526 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+267.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Colombia (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $336 per ton in 2022, shrinking by -21.1% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 141%. The export price peaked at $973 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +15.6% per year.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Colombia

In 2022, purchases abroad of petroleum gases and other gaseous hydrocarbonses was finally on the rise to reach 144K tons after two years of decline. Over the period under review, imports, however, showed a abrupt shrinkage.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $154M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Colombia in 2022:

1. United States (129.6K tons)
2. Free Zones (9.0K tons)
3. Dominican Republic (3.5K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Colombia

In 2022, overseas shipments of petroleum gases and other gaseous hydrocarbonses decreased by 99.9% to 4.7 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by 1,312%. As a result, the exports attained the peak of 57K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses fell sharply to $1.6K in 2022. Overall, exports faced a precipitous contraction. The growth pace was the most rapid in 2020 when exports increased by 814% against the previous year. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Colombia in 2022:

1. Ecuador (4.7 tons)

Source: IndexBox Market Intelligence Platform