Liquefied Butanes Price in Hong Kong SAR - 2023
Contents:
- Liquefied Butanes Price in Hong Kong SAR (CIF) - 2023
- Liquefied Butanes Price in Hong Kong SAR (FOB) - 2022
- Liquefied Butanes Imports in Hong Kong SAR
- Liquefied Butanes Exports in Hong Kong SAR
Liquefied Butanes Price in Hong Kong SAR (CIF) - 2023
The average liquefied butanes import price stood at $605 per ton in September 2023, almost unchanged from the previous month. In general, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 20% m-o-m. Over the period under review, average import prices attained the peak figure at $849 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($687 per ton), while the price for China amounted to $595 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-1.8%).
Liquefied Butanes Price in Hong Kong SAR (FOB) - 2022
The average liquefied butanes export price stood at $2,067 per ton in 2022, surging by 8.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 80% against the previous year. As a result, the export price attained the peak level of $2,643 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
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 the UK ($6,584 per ton), while the average price for exports to South Africa ($59 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 the United Arab Emirates (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Liquefied Butanes Imports in Hong Kong SAR
In 2022, the amount of liquefied butaneses imported into Hong Kong SAR shrank to 286K tons, dropping by -6.9% compared with the previous year. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 0.6% against the previous year.
In value terms, liquefied butanes imports totaled $237M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Liquefied Butanes in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 176 | 154 | 222 | 231 | 9.5% |
| Others | 11.1 | 4.3 | 4.6 | 5.2 | -22.3% |
| Total | 187 | 159 | 226 | 237 | 8.2% |
Top Suppliers of Liquefied Butanes to Hong Kong SAR in 2022:
- China (284.3K tons)
Liquefied Butanes Exports in Hong Kong SAR
Liquefied butanes exports from Hong Kong SAR fell dramatically to 40 tons in 2022, which is down by -35.6% compared with 2021. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 247% against the previous year.
In value terms, liquefied butanes exports shrank notably to $83K in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 150%.
| Export of Liquefied Butanes in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 2.6 | 8.6 | 23.7 | 72.7% |
| United Kingdom | 8.3 | 5.8 | 23.1 | 20.9 | 36.0% |
| United Arab Emirates | 12.5 | 6.8 | 6.7 | 9.3 | -9.4% |
| Japan | 17.3 | 7.2 | 17.5 | 5.8 | -30.5% |
| Macao SAR | 40.4 | 10.6 | 5.8 | 5.7 | -47.9% |
| Canada | 4.8 | 3.1 | 8.1 | 4.9 | 0.7% |
| Philippines | 14.1 | 3.9 | 12.1 | 2.7 | -42.4% |
| South Africa | 1.6 | 0.7 | 1.8 | 0.8 | -20.6% |
| Oman | 1.6 | N/A | 7.5 | N/A | 116.5% |
| Bahamas | 5.9 | N/A | N/A | N/A | 0% |
| Others | 19.0 | 6.5 | 26.7 | 8.7 | -22.9% |
| Total | 130 | 47.2 | 118 | 82.5 | -14.1% |
Top Export Markets for Liquefied Butanes from Hong Kong SAR in 2022:
- South Africa (14.4 tons)
- Canada (7.3 tons)
- China (7.2 tons)
- United Kingdom (3.2 tons)
- United Arab Emirates (1.9 tons)
- Japan (1.7 tons)
- Macao SAR (1.7 tons)
- Philippines (1.2 tons)
450
This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Hong Kong SAR, China.
1666
This report provides an in-depth analysis of the global market for liquefied petroleum gas (lpg).
412
Global Ph And Rh Meter Market Report 2018. This report provides an in-depth analysis of the global market for ph and rh meter.
450
This report provides an in-depth analysis of the market for liquefied petroleum gas (lpg) in Hong Kong SAR, China.
1666
This report provides an in-depth analysis of the global market for liquefied petroleum gas (lpg).
160
Explore the top import markets for Liquefied Petroleum Gas (LPG) in 2023. Discover key statistics and trends in the global LPG market.
160
Explore the top import markets for Liquefied Petroleum Gas (LPG) in 2023. Discover key statistics and trends in the global LPG market.
