Price for Petroleum Gases and Other Gaseous Hydrocarbons in Ecuador - 2022

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $704 per ton in 2022, with an increase of 6.4% against the previous year. Over the period under review, the import price saw a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 92%. Over the period under review, average import prices reached the maximum at $736 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($704 per ton), while the price for Peru ($475 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $535 per ton, shrinking by -81.1% against the previous year. In general, the export price recorded a precipitous decrease. Over the period under review, the average export prices reached the maximum at $2,837 per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($569 per ton), while the average price for exports to the United States totaled $375 per ton.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-98.3%).

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Ecuador

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Ecuador reached 1.2M tons, rising by 8% on the year before. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses rose sharply to $813M in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 99%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. United States (1153.6K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Ecuador

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Ecuador shrank dramatically to 1.5 tons, waning by -94.5% compared with 2021. Over the period under review, exports showed a sharp slump.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses fell dramatically to $789 in 2022. Overall, exports recorded a precipitous decline.

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

1. Brazil (998.0 kg)
2. United States (427.0 kg)

Source: IndexBox Market Intelligence Platform