Liquefied Butanes Price in Saudi Arabia - 2021

Contents:

1. Liquefied Butanes Price in Saudi Arabia (FOB) - 2022
2. Liquefied Butanes Price in Saudi Arabia (CIF) - 2022
3. Liquefied Butanes Exports in Saudi Arabia
4. Liquefied Butanes Imports in Saudi Arabia

Liquefied Butanes Price in Saudi Arabia (FOB) - 2022

The average liquefied butanes export price stood at $593 per ton in 2022, waning by -6% against the previous year. Overall, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30%. The export price peaked at $880 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($687 per ton) and India ($584 per ton), while the average price for exports to Singapore ($484 per ton) and the Philippines ($543 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-2.3%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Price in Saudi Arabia (CIF) - 2022

In 2022, the average liquefied butanes import price amounted to $813 per ton, with an increase of 12% against the previous year. Overall, the import price, however, showed a abrupt descent. The import price peaked at $2,274 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2013 to 2022, the rate of growth in terms of prices for Greece amounted to -7.1% per year.

Liquefied Butanes Exports in Saudi Arabia

After two years of decline, shipments abroad of liquefied butaneses increased by 4.3% to 4.3M tons in 2022. In general, exports, however, showed a pronounced downturn.

In value terms, liquefied butanes exports shrank modestly to $2.5B in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 4.3% against the previous year.

Top Export Markets for Liquefied Butanes from Saudi Arabia in 2022:

1. India (2665.9K tons)
2. Egypt (679.4K tons)
3. China (541.3K tons)
4. Philippines (133.5K tons)
5. Japan (117.3K tons)
6. Singapore (101.5K tons)

Liquefied Butanes Imports in Saudi Arabia

In 2022, supplies from abroad of liquefied butaneses decreased by -42.6% to 16K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 573% against the previous year. As a result, imports reached the peak of 28K tons, and then contracted remarkably in the following year.

In value terms, liquefied butanes imports dropped sharply to $13M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 243%. As a result, imports attained the peak of $20M, and then shrank sharply in the following year.

Top Suppliers of Liquefied Butanes to Saudi Arabia in 2022:

1. Germany (7.8K tons)

Source: IndexBox Market Intelligence Platform