Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in India - 2023

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India (FOB) - 2023
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India (CIF) - 2023
3. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India
4. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India (FOB) - 2023

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $773 per ton in November 2023, rising by 7.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 20% month-to-month. As a result, the export price attained the peak level of $913 per ton. From April 2023 to November 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nepal.

From November 2022 to November 2023, the rate of growth in terms of prices for Nepal amounted to +0.2% per month.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India (CIF) - 2023

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $648 per ton in November 2023, rising by 12% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 957% against the previous month. As a result, import price attained the peak level of $5,315 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Norway ($760 per ton), while the price for Iraq ($639 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Norway (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India

In 2022, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes from India totaled 536K tons, remaining stable against the previous year. The total export volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes soared to $496M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene from India in 2022:

1. Nepal (528.6K tons)

Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in India

Imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes into India reached 1.1M tons in 2022, picking up by 7.1% compared with 2021 figures. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 7.1%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes rose slightly to $523M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 4.6%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene to India in 2022:

1. Saudi Arabia (65.9K tons)
2. Iraq (28.4K tons)
3. Qatar (5.5K tons)
4. United States (4.6K tons)
5. Bangladesh (1.8K tons)

Source: IndexBox Market Intelligence Platform