Price for Petroleum Gases and Other Gaseous Hydrocarbons in the United Arab Emirates - 2022

Contents:

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

Price for Petroleum Gases and Other Gaseous Hydrocarbons in the United Arab Emirates (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $837,001 per ton in 2022, growing by 133,193% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($882 per ton), while the average price for exports to Iraq ($574 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 Oman (+1.3%), while the prices for the other major destinations experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $933 per ton, with an increase of 60% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for petroleum gases and other gaseous hydrocarbonses increased by +125.6% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($11,319 per ton), while the price for Iran ($420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+69.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in the United Arab Emirates

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from the United Arab Emirates plummeted to 40K tons, falling by -99.8% against 2021. Overall, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 with an increase of 9.4%. As a result, the exports reached the peak of 17M tons, and then contracted sharply in the following year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $33.4B in 2022. Over the period under review, exports, however, posted 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 the United Arab Emirates in 2022:

1. Somalia (32.0K tons)
2. Pakistan (2.4K tons)
3. Djibouti (1.4K tons)
4. Iraq (1.0K tons)
5. Oman (0.9K tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in the United Arab Emirates

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into the United Arab Emirates dropped notably to 81K tons, which is down by -98.2% against 2021. Overall, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 169% against the previous year. As a result, imports reached the peak of 4.5M tons, and then plummeted in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses shrank significantly to $75M in 2022. In general, imports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 158%. As a result, imports attained the peak of $2.6B, and then reduced dramatically in the following year.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to the United Arab Emirates in 2022:

1. Iraq (39.7K tons)
2. Oman (38.4K tons)
3. Saudi Arabia (1.4K tons)
4. United States (0.5K tons)
5. Iran (0.2K tons)

Source: IndexBox Market Intelligence Platform