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

Contents:

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

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $771 per ton in 2022, surging by 68% against the previous year. Over the period under review, the export price, however, showed a sharp contraction. The export price peaked at $11,139 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($1,162 per ton), while the average price for exports to Singapore ($434 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 New Zealand (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $172 per ton, with a decrease of -16.7% against the previous year. Over the period under review, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $776 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to -16.2% per year.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Australia

In 2022, approx. 83M tons of petroleum gases and other gaseous hydrocarbonses were exported from Australia; leveling off at 2021 figures. In general, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of 83M tons, leveling off in the following year.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $63.9B in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 113%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Australia

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Australia soared to 1.6M tons, rising by 28% compared with the year before. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses rose rapidly to $275M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. United States (1573.8K tons)

Source: IndexBox Market Intelligence Platform