Liquefied Butanes Price in Azerbaijan - 2023

Liquefied Butanes Price in Azerbaijan (FOB) - 2022

In 2022, the average liquefied butanes export price amounted to $135 per ton, approximately reflecting the previous year. In general, the export price saw a deep slump. The growth pace was the most rapid in 2019 when the average export price increased by 291% against the previous year. As a result, the export price attained the peak level of $1,528 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($297 per ton), while the average price for exports to Bulgaria ($29 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 Afghanistan (-2.5%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Price in Azerbaijan (CIF) - 2022

In 2022, the average liquefied butanes import price amounted to $1,636 per ton, leveling off at the previous year. In general, the import price showed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 156% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Switzerland ($13,820 per ton), while the price for the United States ($4.8 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+94.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Butanes Exports in Azerbaijan

In 2022, liquefied butanes exports from Azerbaijan contracted significantly to 2.5K tons, which is down by -69.1% compared with the previous year's figure. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 529%. As a result, the exports attained the peak of 8.2K tons, and then fell notably in the following year.

In value terms, liquefied butanes exports declined markedly to $342K in 2022. Overall, exports showed a sharp shrinkage. The smallest decline of -14.7% was in 2020.

Export of Liquefied Butanes in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	1,247	1,087	608	199	-45.8%
Albania	673	576	316	102	-46.7%
Georgia	33.8	4.0	38.2	12.5	-28.2%
Pakistan	51.9	88.3	59.7	8.4	-45.5%
Afghanistan	168	99.4	33.7	5.2	-68.6%
Bulgaria	24.5	19.4	9.8	2.9	-50.9%
Others	91.7	78.9	42.7	12.4	-48.7%
Total	2,289	1,953	1,108	342	-46.9%

Top Export Markets for Liquefied Butanes from Azerbaijan in 2022:

Turkey (1856.2 tons)
Albania (439.5 tons)
Bulgaria (101.8 tons)
Georgia (52.1 tons)
Pakistan (28.4 tons)
Afghanistan (17.7 tons)

Liquefied Butanes Imports in Azerbaijan

In 2022, approx. 1.3 tons of liquefied butaneses were imported into Azerbaijan; declining by -83.4% on 2021. Overall, imports faced a dramatic decline. The smallest decline of -55.3% was in 2021.

In value terms, liquefied butanes imports declined sharply to $2.1K in 2022. Over the period under review, imports recorded a sharp descent. The smallest decline of -1.2% was in 2020.

Import of Liquefied Butanes in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	0.4	N/A	0.1	0.3	-9.1%
Turkey	1.9	N/A	0.4	0.2	-52.8%
China	0.2	N/A	0.1	0.1	-20.6%
Russia	N/A	12.9	10.0	N/A	-22.5%
United States	N/A	N/A	N/A	N/A	0%
Poland	2.6	N/A	N/A	N/A	0%
Others	8.0	0.1	2.1	1.6	-41.5%
Total	13.1	13.0	12.7	2.1	-45.7%