Liquefied Butanes Price in Thailand - 2023

Contents:

1. Liquefied Butanes Price in Thailand (CIF) - 2023
2. Liquefied Butanes Price in Thailand (FOB) - 2022
3. Liquefied Butanes Imports in Thailand
4. Liquefied Butanes Exports in Thailand

Liquefied Butanes Price in Thailand (CIF) - 2023

The average liquefied butanes import price stood at $679 per ton in September 2023, with an increase of 14% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 16% against the previous month. As a result, import price attained the peak level of $858 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Australia ($692 per ton), while the price for Qatar totaled $647 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Qatar (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Liquefied Butanes Price in Thailand (FOB) - 2022

In 2022, the average liquefied butanes export price amounted to $690 per ton, growing by 37% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 157% against the previous year. The export price peaked at $3,606 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($2,741 per ton), while the average price for exports to Lao People's Democratic Republic stood at $538 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (-12.7%), while the prices for the other major destinations experienced a decline.

Liquefied Butanes Imports in Thailand

In 2022, the amount of liquefied butaneses imported into Thailand soared to 521K tons, with an increase of 103% on the previous year. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 112% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, liquefied butanes imports soared to $420M in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 221%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquefied Butanes to Thailand in 2022:

1. United Arab Emirates (174.6K tons)
2. Saudi Arabia (161.3K tons)
3. Qatar (58.0K tons)
4. Malaysia (35.7K tons)
5. Algeria (33.4K tons)
6. Kuwait (23.2K tons)
7. Australia (20.7K tons)
8. Angola (11.9K tons)

Liquefied Butanes Exports in Thailand

Liquefied butanes exports from Thailand dropped sharply to 3.2K tons in 2022, which is down by -16.2% on 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 11,049% against the previous year. As a result, the exports reached the peak of 3.9K tons, and then reduced dramatically in the following year.

In value terms, liquefied butanes exports rose remarkably to $2.2M in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 5,104%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Liquefied Butanes from Thailand in 2022:

1. Lao People's Democratic Republic (3.0K tons)
2. Indonesia (0.2K tons)

Source: IndexBox Market Intelligence Platform