Liquefied Propane Price in New Zealand - 2023

Contents:

1. Liquefied Propane Price in New Zealand (CIF) - 2023
2. Liquefied Propane Price in New Zealand (FOB) - 2022
3. Liquefied Propane Imports in New Zealand
4. Liquefied Propane Exports in New Zealand

Liquefied Propane Price in New Zealand (CIF) - 2023

The average liquefied propane import price stood at $372 per ton in September 2023, with an increase of 6.5% against the previous month. Overall, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $466 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.

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

From September 2022 to September 2023, the rate of growth in terms of prices for Australia amounted to -1.0% per month.

Liquefied Propane Price in New Zealand (FOB) - 2022

The average liquefied propane export price stood at $833 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33% against the previous year. The export price peaked at $833 per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Kiribati amounted to +5.7% per year.

Liquefied Propane Imports in New Zealand

In 2022, the amount of liquefied propanes imported into New Zealand dropped slightly to 82K tons, waning by -1.7% against the previous year. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. As a result, imports reached the peak of 83K tons, and then contracted in the following year.

In value terms, liquefied propane imports skyrocketed to $37M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 176% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquefied Propane to New Zealand in 2022:

1. Australia (81.7K tons)

Liquefied Propane Exports in New Zealand

For the fourth consecutive year, New Zealand recorded growth in shipments abroad of liquefied propanes, which increased by 96% to 6.7K tons in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquefied propane exports skyrocketed to $5.6M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Propane from New Zealand in 2022:

1. Mauritius (6.7K tons)

Source: IndexBox Market Intelligence Platform