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

Contents:

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

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

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $479 per ton in 2022, growing by 8.7% against the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum at $611 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the UK ($1,089 per ton), while the price for Nigeria ($291 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $595 per ton in 2022, which is down by -2.3% against the previous year. In general, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 42%. Over the period under review, the average export prices attained the peak figure at $977 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($1,140 per ton), while the average price for exports to Senegal ($534 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 Belgium (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Portugal

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Portugal soared to 11M tons, jumping by 102% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $5.1B in 2022. In general, imports posted 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 Portugal in 2022:

1. United States (3.6M tons)
2. Nigeria (3.2M tons)
3. Trinidad and Tobago (1.6M tons)
4. Spain (1.2M tons)
5. Equatorial Guinea (0.3M tons)
6. Russia (0.3M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Portugal

Exports of petroleum gases and other gaseous hydrocarbonses from Portugal skyrocketed to 988K tons in 2022, rising by 126% on 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 134% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $588M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 171% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Spain (885.6K tons)
2. Netherlands (52.6K tons)
3. Belgium (20.7K tons)

Source: IndexBox Market Intelligence Platform