Liquefied Propane Price in Algeria - 2022

Liquefied Propane Price in Algeria (FOB) - 2022

The average liquefied propane export price stood at $699 per ton in 2022, increasing by 14% against the previous year. In general, the export price, however, recorded a mild setback. The pace of growth was the most pronounced in 2021 an increase of 77%. The export price peaked at $847 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($593 per ton), while the average price for exports to France ($368 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 the United States (+3.4%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Price in Algeria (CIF) - 2022

The average liquefied propane import price stood at $716 per ton in 2022, increasing by 171% against the previous year. In general, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2018 to 2022, the rate of growth in terms of prices for Russia amounted to -10.3% per year.

Liquefied Propane Exports in Algeria

In 2022, overseas shipments of liquefied propanes were finally on the rise to reach 2.9M tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquefied propane exports soared to $2B in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Export of Liquefied Propane in Algeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	245	211	383	301	7.1%
France	109	86.3	139	97.1	-3.8%
Spain	157	110	205	84.6	-18.6%
China	84.4	41.6	31.6	59.1	-11.2%
Indonesia	6.1	N/A	N/A	55.3	108.5%
Turkey	8.4	7.9	12.7	20.0	33.5%
Malaysia	N/A	N/A	N/A	12.4	0%
Morocco	9.8	9.8	35.0	10.6	2.7%
Portugal	N/A	19.3	22.0	5.1	-48.6%
Others	550	466	813	1,380	35.9%
Total	1,169	952	1,642	2,025	20.1%

Top Export Markets for Liquefied Propane from Algeria in 2022:

Italy (568.7K tons)
France (263.8K tons)
Spain (161.2K tons)
Indonesia (104.8K tons)
China (102.2K tons)
Turkey (37.4K tons)
Malaysia (22.5K tons)
Morocco (19.1K tons)
Portugal (10.6K tons)

Liquefied Propane Imports in Algeria

In 2022, approx. 139K tons of liquefied propanes were imported into Algeria; which is down by -26.7% on 2021 figures. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 6.8% against the previous year.

In value terms, liquefied propane imports skyrocketed to $99M in 2022. Over the period under review, imports, however, enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.