Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Japan - 2023

Contents:

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

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

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $654 per ton in 2022, increasing by 3.5% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of 37%. The export price peaked at $1,001 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($849 per ton), while the average price for exports to China amounted to $522 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.6%).

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

In 2022, the average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes amounted to $8,884 per ton, with an increase of 8.9% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,850 per ton), while the price for South Korea ($3,576 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, overseas shipments of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -31.3% to 11K tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 76% against the previous year. As a result, the exports reached the peak of 34K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes contracted notably to $7.1M in 2022. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. China (6.9K tons)
2. South Korea (3.9K tons)
3. Taiwan (Chinese) (0.1K tons)

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

In 2022, approx. 139 tons of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes were imported into Japan; reducing by -25.7% against the previous year's figure. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of 186 tons, and then dropped dramatically in the following year.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes reduced sharply to $1.2M in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of $1.5M, and then reduced notably in the following year.

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

1. South Korea (153.8 tons)
2. Germany (46.5 tons)
3. China (35.5 tons)
4. United States (22.1 tons)
5. France (15.1 tons)

Source: IndexBox Market Intelligence Platform