Liquefied Propane Price in Sri Lanka - 2021

Contents:

1. Liquefied Propane Price in Sri Lanka (CIF) - 2022
2. Liquefied Propane Price in Sri Lanka (FOB) - 2022
3. Liquefied Propane Imports in Sri Lanka
4. Liquefied Propane Exports in Sri Lanka

Liquefied Propane Price in Sri Lanka (CIF) - 2022

The average liquefied propane import price stood at $2,519 per ton in 2022, rising by 275% against the previous year. In general, the import price showed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iraq ($3,312 per ton), while the price for China ($1,890 per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was attained by China (+312.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Propane Price in Sri Lanka (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $987 per ton, rising by 83% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +4.5% per year.

Liquefied Propane Imports in Sri Lanka

In 2022, imports of liquefied propanes into Sri Lanka contracted sharply to 6.3 tons, reducing by 99.9% compared with 2021. Over the period under review, imports showed a sharp reduction.

In value terms, liquefied propane imports shrank notably to $16K in 2022. Overall, imports faced a sharp descent.

Top Suppliers of Liquefied Propane to Sri Lanka in 2022:

1. United Arab Emirates (2.8 tons)
2. Iraq (2.1 tons)
3. Saudi Arabia (1.0 tons)
4. China (0.3 tons)

Liquefied Propane Exports in Sri Lanka

In 2022, after two years of decline, there was significant growth in shipments abroad of liquefied propanes, when their volume increased by 500% to 12K tons. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquefied propane exports soared to $11M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Propane from Sri Lanka in 2022:

1. Maldives (11.5K tons)

Source: IndexBox Market Intelligence Platform