Price for Petroleum Gases and Other Gaseous Hydrocarbons in Canada - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Canada (FOB) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Canada (CIF) - 2022
3. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Canada
4. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Canada

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Canada (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $4,552 per ton in 2022, falling by -32% against the previous year. Over the period under review, the export price saw a sharp reduction. The growth pace was the most rapid in 2013 when the average export price increased by 288% against the previous year. Over the period under review, the average export prices hit record highs at $45,046,987 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($387 per ton), while the average price for exports to South Korea ($289 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-19.3%), while the prices for the other major destinations experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Canada (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $2,930 per ton in 2022, surging by 4.3% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 90%. As a result, import price attained the peak level of $6,841 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,965 per ton), while the price for Peru stood at $859 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.6%).

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Canada

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Canada skyrocketed to 5.3M tons, jumping by 138% on the previous year's figure. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $24.3B in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 114%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Canada in 2022:

1. Japan (3.6M tons)
2. South Korea (1.3M tons)
3. Mexico (0.3M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Canada

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Canada surged to 1.6M tons, jumping by 66% on 2021 figures. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 137% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $4.6B in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Canada in 2022:

1. United States (1486.2K tons)
2. Peru (66.3K tons)
3. Trinidad and Tobago (15.9K tons)

Source: IndexBox Market Intelligence Platform