Liquefied Butanes Price in Portugal - 2023

Contents:

1. Liquefied Butanes Price in Portugal (CIF) - 2023
2. Liquefied Butanes Price in Portugal (FOB) - 2023
3. Liquefied Butanes Imports in Portugal
4. Liquefied Butanes Exports in Portugal

Liquefied Butanes Price in Portugal (CIF) - 2023

The average liquefied butanes import price stood at $657 per ton in August 2023, picking up by 14% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 an increase of 18% against the previous month. The import price peaked at $838 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($937 per ton), while the price for Spain ($509 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquefied Butanes Price in Portugal (FOB) - 2023

The average liquefied butanes export price stood at $596 per ton in August 2023, jumping by 62% against the previous month. In general, the export price, however, saw a pronounced contraction. The export price peaked at $888 per ton in November 2022; however, from December 2022 to August 2023, the export prices failed to regain momentum.

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

From August 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to 0.0% per month.

Liquefied Butanes Imports in Portugal

In 2022, imports of liquefied butaneses into Portugal declined to 135K tons, shrinking by -11.6% on the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports attained the peak of 153K tons, and then contracted in the following year.

In value terms, liquefied butanes imports rose rapidly to $102M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 91%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Liquefied Butanes to Portugal in 2022:

1. United Kingdom (58.6K tons)
2. Spain (33.9K tons)
3. Norway (27.1K tons)
4. United States (12.7K tons)
5. Germany (2.3K tons)

Liquefied Butanes Exports in Portugal

In 2022, the amount of liquefied butaneses exported from Portugal surged to 30K tons, jumping by 144% on the year before. Overall, exports showed perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquefied butanes exports surged to $24M in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquefied Butanes from Portugal in 2022:

1. Spain (6.4K tons)
2. Senegal (4.4K tons)
3. Tunisia (4.2K tons)
4. Poland (4.2K tons)
5. Morocco (4.2K tons)
6. Cameroon (4.2K tons)
7. France (2.8K tons)

Source: IndexBox Market Intelligence Platform