Price for Petroleum Gases and Other Gaseous Hydrocarbons in South Africa - 2023

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $163 per ton in 2022, which is down by -3.2% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for petroleum gases and other gaseous hydrocarbonses increased by +88.5% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $169 per ton in 2021, and then shrank in the following year.

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 Togo ($911 per ton), while the price for Mozambique ($92 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $942 per ton in 2022, surging by 10% against the previous year. Over the period under review, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $1,142 per ton in 2012; however, from 2013 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 countries with the highest prices were Mozambique ($1,229 per ton) and Lesotho ($1,042 per ton), while the average price for exports to Namibia ($905 per ton) and Swaziland ($916 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in South Africa

In 2022, approx. 4.9M tons of petroleum gases and other gaseous hydrocarbonses were imported into South Africa; increasing by 49% against 2021. In general, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $807M in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Mozambique (4450.4K tons)
2. United States (278.0K tons)
3. Nigeria (82.2K tons)
4. Togo (81.0K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in South Africa

For the fourth consecutive year, South Africa recorded growth in shipments abroad of petroleum gases and other gaseous hydrocarbonses, which increased by 20% to 141K tons in 2022. The total export volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $133M in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 47%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Zimbabwe (73.0K tons)
2. Botswana (24.4K tons)
3. Namibia (15.5K tons)
4. Lesotho (15.4K tons)
5. Swaziland (6.5K tons)
6. Zambia (2.9K tons)

Source: IndexBox Market Intelligence Platform