Price for Petroleum Gases and Other Gaseous Hydrocarbons in Italy - 2023

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $341 per ton, declining by -16.4% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, average import prices hit record highs at $651 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Libya ($689 per ton), while the price for Norway ($168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (-0.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $536 per ton in 2022, picking up by 6.6% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $964 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($821 per ton), while the average price for exports to Tunisia ($308 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 Morocco (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Italy

In 2022, approx. 200M tons of petroleum gases and other gaseous hydrocarbonses were imported into Italy; growing by 190% compared with the year before. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $68.4B in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 154% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Petroleum Gases and Other Gaseous Hydrocarbons in Italy (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Algeria	3.9	3.2	6.3	16.9	63.0%
Russia	6.5	4.3	11.9	14.1	29.4%
Azerbaijan	N/A	N/A	3.9	13.8	253.8%
Qatar	1.3	1.0	2.1	5.9	65.6%
Norway	0.6	0.9	0.8	5.8	113.0%
United States	0.3	0.3	0.4	4.0	137.1%
Libya	1.3	0.7	1.8	3.3	36.4%
Netherlands	0.8	0.2	0.2	1.3	17.6%
Others	1.9	0.6	0.8	3.3	20.2%
Total	16.6	11.1	28.2	68.4	60.3%

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Italy in 2022:

Azerbaijan (60.1M tons)
Algeria (48.1M tons)
Norway (34.3M tons)
Russia (24.3M tons)
Qatar (13.0M tons)
United States (8.2M tons)
Libya (4.8M tons)
Netherlands (2.2M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Italy

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Italy skyrocketed to 3.5M tons, picking up by 219% against the year before. Overall, exports showed significant growth. As a result, the exports attained 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 $1.9B in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 257% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Petroleum Gases and Other Gaseous Hydrocarbons in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	51.0	23.8	315	1,064	175.3%
Austria	0.4	0.1	0.2	326	834.1%
Slovenia	4.1	4.8	9.4	206	269.0%
Belgium	6.4	2.5	7.5	48.7	96.7%
Tunisia	42.6	26.7	39.1	38.3	-3.5%
Switzerland	27.5	26.6	38.1	32.8	6.1%
France	19.7	5.9	50.1	31.2	16.6%
San Marino	11.8	10.9	15.7	12.5	1.9%
United Kingdom	30.2	12.8	0.9	0.5	-74.5%
Others	49.3	40.9	77.0	118	33.8%
Total	243	155	553	1,878	97.7%