Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Indonesia - 2022

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia (CIF) - 2022
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia (FOB) - 2022
3. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia
4. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia (CIF) - 2022

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $655 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. The import price peaked at $1,103 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +19.6% per year.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia (FOB) - 2022

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $836 per ton in 2022, with an increase of 19% against the previous year. In general, the export price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $1,346 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($1,112 per ton) and Singapore ($1,041 per ton), while the average price for exports to Malaysia ($915 per ton) and Vietnam ($950 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 Thailand (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia

For the third consecutive year, Indonesia recorded decline in purchases abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes, which decreased by -5.8% to 11K tons in 2022. Over the period under review, imports continue to indicate a perceptible setback. The smallest decline of -2.9% was in 2021.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes dropped to $7.1M in 2022. In general, imports continue to indicate a pronounced contraction. The smallest decline of -2.6% was in 2021.

Top Suppliers of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene to Indonesia in 2022:

1. Brunei Darussalam (10.8K tons)

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Indonesia

In 2022, shipments abroad of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes increased by 18% to 449K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes surged to $376M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene from Indonesia in 2022:

1. Malaysia (0.2K tons)
2. Singapore (0.1K tons)

Source: IndexBox Market Intelligence Platform