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

Contents:

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

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

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $576 per ton, jumping by 57% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. Over the period under review, the average export prices attained the peak figure at $789 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($733 per ton) and Singapore ($684 per ton), while the average price for exports to South Korea ($529 per ton) and Thailand ($543 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 China (+3.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $724 per ton, surging by 50% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.2% 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 +65.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 84% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 Singapore ($836 per ton), while the price for Thailand ($277 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.8%), while the prices for the other major suppliers experienced a decline.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Malaysia

Exports of petroleum gases and other gaseous hydrocarbonses from Malaysia rose notably to 30M tons in 2022, growing by 8.9% against 2021 figures. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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 skyrocketed to $17B in 2022. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Japan (11.8M tons)
2. China (7.7M tons)
3. South Korea (5.4M tons)
4. Thailand (2.0M tons)
5. Singapore (1.5M tons)
6. Taiwan (Chinese) (0.4M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Malaysia

In 2022, imports of petroleum gases and other gaseous hydrocarbonses into Malaysia soared to 4.1M tons, growing by 135% compared with the previous year. Overall, 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 soared to $2.9B in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Australia (2101.1K tons)
2. Brunei Darussalam (1014.2K tons)
3. Indonesia (545.4K tons)
4. Thailand (130.0K tons)
5. Saudi Arabia (92.7K tons)
6. Kuwait (84.5K tons)
7. Singapore (44.7K tons)

Source: IndexBox Market Intelligence Platform