Liquefied Butanes Price in Russia - 2022

Liquefied Butanes Price in Russia (FOB) - 2022

The average liquefied butanes export price stood at $670 per ton in January 2022, rising by 3.5% against the previous month. Overall, export price indicated resilient growth from January 2021 to January 2022: its price increased at an average monthly rate of +5.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, liquefied butanes export price increased by +29.7% against October 2021 indices. The most prominent rate of growth was recorded in February 2021 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices hit record highs in January 2022.

Average prices varied somewhat for the major overseas markets. In January 2022, the countries with the highest prices were Hungary ($720 per ton) and Mongolia ($719 per ton), while the average price for exports to Armenia ($519 per ton) and Poland ($598 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Liquefied Butanes Price in Russia (CIF) - 2022

The average liquefied butanes import price stood at $1,439 per ton in January 2022, picking up by 48% against the previous month. Over the period under review, the import price enjoyed strong growth. The pace of growth was the most pronounced in February 2021 when the average import price increased by 97% month-to-month. Over the period under review, average import prices hit record highs in January 2022.

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

From January 2021 to January 2022, the rate of growth in terms of prices for Kazakhstan amounted to +7.6% per month.

Liquefied Butanes Exports in Russia

In 2022, the amount of liquefied butaneses exported from Russia stood at 437K tons, increasing by 5.9% against 2021 figures. Over the period under review, exports, however, continue to indicate a mild descent.

In value terms, liquefied butanes exports contracted to $172M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of $201M, and then dropped in the following year.

Export of Liquefied Butanes in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	8.6	59.1	73.4	90.8	119.4%
Finland	27.5	20.1	34.7	29.9	2.8%
Hungary	6.0	7.9	13.6	25.4	61.8%
Poland	14.2	11.6	20.2	12.6	-3.9%
Turkey	17.0	3.7	4.1	7.8	-22.9%
Mongolia	2.8	1.3	3.2	3.2	4.6%
Belarus	42.3	17.6	23.4	0.2	-83.2%
Latvia	3.8	2.4	6.6	N/A	31.8%
Others	28.0	19.9	21.9	2.5	-55.3%
Total	150	144	201	172	4.7%

Top Export Markets for Liquefied Butanes from Russia in 2022:

Ukraine (231.0K tons)
Finland (76.8K tons)
Hungary (59.9K tons)
Poland (35.7K tons)
Turkey (19.1K tons)
Mongolia (7.5K tons)
Belarus (0.4K tons)

Liquefied Butanes Imports in Russia

In 2022, purchases abroad of liquefied butaneses increased by 6.1% to 29K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable descent.

In value terms, liquefied butanes imports dropped to $16M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 6%. As a result, imports attained the peak of $17M, and then reduced slightly in the following year.