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

Contents:

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

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $828 per ton, increasing by 10% against the previous year. Overall, the import price, however, saw a mild descent. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, average import prices attained the maximum at $969 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,273 per ton), while the price for Belgium totaled $791 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.9%).

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $2,254 per ton in 2022, increasing by 33% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 57%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($3,578 per ton), while the average price for exports to Italy ($511 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 France (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Luxembourg

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Luxembourg shrank to 9.7K tons, dropping by -12.8% against the previous year's figure. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 126% against the previous year. As a result, imports attained the peak of 11K tons, and then shrank in the following year.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses dropped modestly to $8M in 2022. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 92%. As a result, imports reached the peak of $8.3M, and then contracted slightly in the following year.

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

1. Belgium (9.2K tons)
2. Germany (0.4K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Luxembourg

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Luxembourg shrank rapidly to 55 tons, waning by -45.5% compared with 2021. In general, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses reduced notably to $124K in 2022. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. As a result, the exports reached the peak of $171K, and then shrank significantly in the following year.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Luxembourg in 2022:

1. France (43.2 tons)
2. Italy (6.0 tons)
3. Belgium (3.8 tons)
4. Germany (1.9 tons)

Source: IndexBox Market Intelligence Platform