Price for Petroleum Gases and Other Gaseous Hydrocarbons in Pakistan - 2023

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $454 per ton in 2022, with a decrease of -4.8% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure at $1,161 per ton in 2013; however, from 2014 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 Egypt ($1,145 per ton), while the price for Nigeria ($225 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+41.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $365 per ton, shrinking by -56.6% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 583% against the previous year. As a result, the export price reached the peak level of $2,324 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to -5.1% per year.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Pakistan

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Pakistan surged to 12M tons, growing by 20% against the previous year's figure. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses amounted to $5.2B in 2022. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 87%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

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

1. Qatar (9.3M tons)
2. Iran (0.8M tons)
3. Nigeria (0.7M tons)
4. Algeria (0.1M tons)
5. Egypt (0.1M tons)
6. United States (0.1M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Pakistan

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Pakistan soared to 3 tons, jumping by 38% compared with the previous year's figure. In general, exports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 201%.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses reduced sharply to $1.1K in 2022. Over the period under review, exports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year.

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

1. Afghanistan (3.0 tons)

Source: IndexBox Market Intelligence Platform