Liquefied Butanes Price in Singapore - 2022
Contents:
- Liquefied Butanes Price in Singapore (FOB) - 2022
- Liquefied Butanes Price in Singapore (CIF) - 2022
- Liquefied Butanes Exports in Singapore
- Liquefied Butanes Imports in Singapore
Liquefied Butanes Price in Singapore (FOB) - 2022
In September 2022, the average liquefied butanes export price amounted to $1,147 per ton, rising by 18% against the previous month. Over the period under review, export price indicated a resilient increase from September 2021 to September 2022: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, liquefied butanes export price increased by +17.7% against August 2022 indices. The pace of growth appeared the most rapid in October 2021 an increase of 50% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,362 per ton in May 2022; however, from June 2022 to September 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Palau ($2,375 per ton), while the average price for exports to Malaysia amounted to $1,107 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Liquefied Butanes Price in Singapore (CIF) - 2022
The average liquefied butanes import price stood at $1,394 per ton in 2022, waning by -27% against the previous year. Overall, the import price, however, showed strong growth. The growth pace was the most rapid in 2021 an increase of 258%. The import price peaked at $2,258 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,596 per ton), while the price for Saudi Arabia ($1,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Liquefied Butanes Exports in Singapore
In 2022, approx. 53K tons of liquefied butaneses were exported from Singapore; falling by -25.6% compared with the previous year's figure. Over the period under review, exports continue to indicate a dramatic decrease. The smallest decline of -4.6% was in 2020.
In value terms, liquefied butanes exports surged to $69M in 2022. In general, exports continue to indicate a abrupt slump.
| Export of Liquefied Butanes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 52.1 | 32.4 | 9.7 | 40.1 | -8.4% |
| Malaysia | 38.3 | 42.3 | 14.5 | 21.8 | -17.1% |
| Cambodia | N/A | N/A | N/A | 2.9 | 0% |
| Vietnam | N/A | N/A | 1.4 | 2.5 | 78.6% |
| Guam | N/A | N/A | 4.2 | 2.0 | -52.4% |
| Philippines | N/A | 3.5 | 3.1 | N/A | -11.4% |
| Others | 3.1 | 0.2 | 2.7 | 0.2 | -59.9% |
| Total | 93.6 | 78.4 | 35.4 | 69.3 | -9.5% |
Top Export Markets for Liquefied Butanes from Singapore in 2022:
- Bangladesh (30.9K tons)
- Malaysia (16.5K tons)
- Cambodia (2.8K tons)
- Vietnam (1.6K tons)
- Guam (1.0K tons)
Liquefied Butanes Imports in Singapore
In 2022, imports of liquefied butaneses into Singapore rose rapidly to 573 tons, increasing by 14% compared with 2021. Over the period under review, imports, however, saw a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. As a result, imports reached the peak of 9.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, liquefied butanes imports declined markedly to $799K in 2022. In general, imports, however, saw a precipitous decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 51%. As a result, imports attained the peak of $5.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Liquefied Butanes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 0.6 | 0% |
| Malaysia | 2.7 | 0.8 | N/A | 0.1 | -66.7% |
| South Korea | N/A | 0.6 | 0.8 | N/A | 33.3% |
| Brunei Darussalam | N/A | 3.6 | N/A | N/A | 0% |
| Others | 0.7 | 0.1 | 0.1 | N/A | -62.2% |
| Total | 3.4 | 5.1 | 1.0 | 0.8 | -38.3% |
Top Suppliers of Liquefied Butanes to Singapore in 2022:
- Saudi Arabia (491.2 tons)
- Malaysia (76.2 tons)
- South Korea (2.6 tons)
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