Liquefied Propane Price in Ghana - 2022

Contents:

1. Liquefied Propane Price in Ghana (CIF) - 2022
2. Liquefied Propane Price in Ghana (FOB) - 2022
3. Liquefied Propane Imports in Ghana
4. Liquefied Propane Exports in Ghana

Liquefied Propane Price in Ghana (CIF) - 2022

The average liquefied propane import price stood at $427 per ton in 2022, waning by -2.1% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2018 an increase of 54% against the previous year. Over the period under review, average import prices attained the peak figure at $827 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States amounted to +1.3% per year.

Liquefied Propane Price in Ghana (FOB) - 2022

In 2022, the average liquefied propane export price amounted to $450 per ton, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of less than 0.1% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2019 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Liquefied Propane Imports in Ghana

In 2022, imports of liquefied propanes into Ghana amounted to 29K tons, remaining relatively unchanged against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 3.1%. As a result, imports attained the peak of 30K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, liquefied propane imports fell modestly to $13M in 2022. Overall, imports, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 2.8% against the previous year.

Top Suppliers of Liquefied Propane to Ghana in 2022:

1. United States (9.9K tons)

Liquefied Propane Exports in Ghana

For the third consecutive year, Ghana recorded decline in overseas shipments of liquefied propanes, which decreased by -50% to 3.4K tons in 2022. In general, exports showed a precipitous curtailment. The smallest decline of -25% was in 2020.

In value terms, liquefied propane exports contracted remarkably to $1.5M in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -25% was in 2020.

Top Export Markets for Liquefied Propane from Ghana in 2022:

1. United States (3.4K tons)

Source: IndexBox Market Intelligence Platform