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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $511 per ton, reducing by -1.7% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 21%. The import price peaked at $1,007 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Bahrain ($850 per ton), while the price for the United States ($485 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-6.0%), while the prices for the other major suppliers experienced a decline.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $771 per ton in 2022, falling by -7.7% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure at $1,430 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 Rwanda ($1,240 per ton), while the average price for exports to Kenya ($672 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 Zambia (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Tanzania

Imports of petroleum gases and other gaseous hydrocarbonses into Tanzania surged to 358K tons in 2022, rising by 401% against the year before. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $183M in 2022. Over the period under review, imports continue to indicate a significant increase. 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 Tanzania in 2022:

1. Switzerland (172.2K tons)
2. United States (151.3K tons)
3. Bahrain (19.9K tons)
4. South Africa (14.8K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Tanzania

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Tanzania soared to 72K tons, growing by 263% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $55M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Kenya (53.5K tons)
2. Zambia (5.5K tons)
3. Rwanda (5.1K tons)
4. Democratic Republic of the Congo (3.4K tons)
5. Netherlands (1.2K tons)

Source: IndexBox Market Intelligence Platform