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

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $584 per ton in 2022, surging by 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 77%. Over the period under review, the average export prices attained the peak figure at $605 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,049 per ton), while the average price for exports to Kazakhstan ($71 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 Greece (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $177 per ton in 2022, picking up by 7.5% against the previous year. In general, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Azerbaijan ($276 per ton), while the price for Kazakhstan ($160 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+32.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Russia

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Russia surged to 138M tons, increasing by 55% on the previous year's figure. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $80.8B in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 108% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Export of Petroleum Gases and Other Gaseous Hydrocarbons in Russia (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	6.5	4.3	12.0	13.8	28.5%
China	1.1	2.5	4.3	10.9	114.8%
Czech Republic	1.6	0.8	3.5	7.8	69.6%
Hungary	1.5	0.6	1.9	6.4	62.2%
France	1.2	0.6	2.2	5.7	68.1%
Slovakia	2.0	1.5	3.1	5.3	38.4%
Japan	3.1	2.4	3.4	5.2	18.8%
Spain	0.5	0.5	1.4	4.6	109.5%
Greece	0.8	0.4	1.3	4.3	75.2%
Netherlands	0.2	0.1	1.7	3.3	154.6%
Belgium	0.4	0.3	0.3	2.5	84.2%
Serbia	0.7	0.3	0.5	1.0	12.6%
Kazakhstan	0.6	0.4	0.3	0.2	-30.7%
Others	8.9	7.5	10.4	9.8	3.3%
Total	29.1	22.3	46.3	80.8	40.6%

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

Italy (22.3M tons)
China (20.4M tons)
Czech Republic (13.1M tons)
France (11.9M tons)
Slovakia (10.9M tons)
Hungary (10.7M tons)
Spain (8.2M tons)
Belgium (5.4M tons)
Greece (5.1M tons)
Japan (4.9M tons)
Netherlands (4.2M tons)
Serbia (3.6M tons)
Kazakhstan (2.8M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Russia

For the third year in a row, Russia recorded decline in supplies from abroad of petroleum gases and other gaseous hydrocarbonses, which decreased by -24.9% to 1.2M tons in 2022. Overall, imports recorded a sharp decrease. The smallest decline of -23% was in 2021.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses dropped markedly to $221M in 2022. Over the period under review, imports recorded a dramatic downturn. The smallest decline of -3.8% was in 2021.

Import of Petroleum Gases and Other Gaseous Hydrocarbons in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	273	153	160	182	-12.6%
Uzbekistan	890	107	76.6	18.0	-72.8%
Azerbaijan	11.1	4.2	21.7	5.4	-21.4%
Belarus	19.6	7.7	N/A	N/A	-60.7%
Others	14.1	12.7	14.8	14.8	1.6%
Total	1,208	284	273	221	-43.2%