Liquefied Propane Price in Israel - 2023

Liquefied Propane Price in Israel (CIF) - 2022

The average liquefied propane import price stood at $931 per ton in 2022, with an increase of 52% against the previous year. Over the period under review, the import price saw a temperate expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($967 per ton) and Switzerland ($967 per ton), while the price for Turkey ($689 per ton) and Italy ($724 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+73.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Propane Price in Israel (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $816 per ton, jumping by 187% against the previous year. Overall, the export price saw prominent growth. Over the period under review, the average export prices attained the maximum at $872 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($13,411 per ton), while the average price for exports to the United States amounted to $768 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+24.5%).

Liquefied Propane Imports in Israel

For the third year in a row, Israel recorded decline in supplies from abroad of liquefied propanes, which decreased by -1.4% to 16K tons in 2022. Over the period under review, imports faced a deep slump.

In value terms, liquefied propane imports soared to $15M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +65.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Liquefied Propane in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	9.8	7.8	8.3	12.9	9.6%
Turkey	0.5	0.5	0.6	0.6	6.3%
Italy	N/A	0.1	0.6	0.6	144.9%
China	0.2	0.2	0.1	0.2	0.0%
Others	0.2	0.3	0.1	0.2	0.0%
Total	10.7	8.8	9.7	14.6	10.9%

Top Suppliers of Liquefied Propane to Israel in 2022:

Switzerland (13.4K tons)
Turkey (0.8K tons)
Italy (0.8K tons)
China (0.2K tons)

Liquefied Propane Exports in Israel

Liquefied propane exports from Israel declined rapidly to 15 tons in 2022, reducing by -73.7% on the previous year. Over the period under review, exports showed a dramatic contraction.

In value terms, liquefied propane exports fell rapidly to $12K in 2022. Overall, exports continue to indicate a deep downturn.