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

Contents:

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

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $600 per ton in 2022, rising by 42% against the previous year. Overall, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The export price peaked at $737 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($674 per ton), while the average price for exports to Mexico ($166 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $721 per ton in 2022, growing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 55%. The import price peaked at $977 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($762 per ton) and the United Arab Emirates ($727 per ton), while the price for Iran ($510 per ton) and Kuwait ($690 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-2.5%), while the prices for the other major suppliers experienced a decline.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Indonesia

For the third consecutive year, Indonesia recorded decline in shipments abroad of petroleum gases and other gaseous hydrocarbonses, which decreased by -7.5% to 16M tons in 2022. Over the period under review, exports recorded a abrupt curtailment. The smallest decline of -3.6% was in 2020.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $9.8B in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. Singapore (4.9M tons)
2. China (3.3M tons)
3. South Korea (3.3M tons)
4. Japan (2.5M tons)
5. Taiwan (Chinese) (1.2M tons)
6. Mexico (0.7M tons)
7. Malaysia (0.3M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Indonesia

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Indonesia expanded notably to 6.8M tons, surging by 5.5% against 2021. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.5% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $4.9B in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. United States (2791.1K tons)
2. United Arab Emirates (1860.5K tons)
3. Qatar (744.5K tons)
4. Saudi Arabia (571.3K tons)
5. Algeria (460.4K tons)
6. Australia (88.1K tons)
7. Kuwait (43.4K tons)

Source: IndexBox Market Intelligence Platform