Price for Petroleum Gases and Other Gaseous Hydrocarbons in New Zealand - 2023

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $530 per ton, picking up by 19% against the previous year. Overall, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, average import prices hit record highs at $1,140 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -22.1% per year.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $630 per ton in 2022, stabilizing at the previous year. Overall, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2013 when the average export price increased by 35% against the previous year. The export price peaked at $1,207 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($7,500 per ton), while the average price for exports to Papua New Guinea ($412 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 Australia (+26.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in New Zealand

Imports of petroleum gases and other gaseous hydrocarbonses into New Zealand dropped to 82K tons in 2022, shrinking by -3.6% compared with 2021. Over the period under review, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports attained the peak of 85K tons, and then dropped in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses expanded markedly to $44M in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 152%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Australia (80.7K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in New Zealand

In 2022, shipments abroad of petroleum gases and other gaseous hydrocarbonses was finally on the rise to reach 10K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a precipitous contraction.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $6.5M in 2022. Over the period under review, exports, however, saw a precipitous descent.

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

1. Fiji (3810.2 tons)
2. Samoa (1676.7 tons)
3. American Samoa (1129.0 tons)
4. Papua New Guinea (990.0 tons)
5. Cook Islands (926.9 tons)
6. Tonga (460.6 tons)
7. Vanuatu (349.1 tons)
8. Nauru (219.6 tons)
9. Kiribati (215.2 tons)
10. Palau (165.2 tons)
11. Australia (6.3 tons)

Source: IndexBox Market Intelligence Platform