Liquefied Petroleum Gas Prices Trend, Supply & Demand | IMARC

Latin America LPG Prices Movement Q4 2024:

LPG Prices in Brazil:

In Q4 2024, Brazil experienced a notable increase in Liquefied Petroleum Gas (LPG) Prices, which climbed to 730 USD/MT by December. This surge was largely due to a spike in demand for heating fuels as winter approached. Propane, a major component of LPG, saw the most significant price increase, reflecting the country's heavy dependence on it for home heating. This seasonal demand surge disrupted the LPG market balance, particularly impacting inland propane prices. Additionally, export challenges from the U.S. in November led to a sharp decline in LPG supply to Brazil, further straining the market and hindering its ability to meet rising energy demands.

The combination of tightening supply and increasing demand resulted in notable price fluctuations, affecting both residential users and industries that rely on LPG for various purposes. According to the LPG Prices Forecast, global supply disruptions alongside seasonal demand were key factors in this market volatility. This period underscored the fragile balance between supply and demand in the LPG market and highlighted how external influences, such as global exports and weather conditions, can significantly affect prices.

Note: This analysis is flexible and can be modified according to the customer's specific requirements.

Regional Analysis: The price analysis can be extended to provide detailed LPG price information for the following list of countries.

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Factors Affecting LPG Prices and Demand

Several factors affect LPG prices and demand, such as supply chain dynamics, seasonal changes, and trends in the global energy market. Since LPG is derived from crude oil and natural gas, its pricing is closely tied to fluctuations in these raw material costs. Geopolitical tensions and trade policies also influence international supply routes, which can impact availability and transportation expenses. Seasonal demand variations, especially during winter when heating needs increase, add to price volatility. Furthermore, patterns of industrial and residential consumption, along with government regulations and subsidies, play a significant role in shaping market demand and overall LPG price trends.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
• Spot Prices by Major Ports
• Price Breakup
• Price Trends by Region
• Factors Influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How the IMARC Pricing Database Can Help

The latest IMARC Group study, “LPG Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of the LPG price trend, offering key insights into global LPG market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines LPG demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

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IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals, licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis and regional insights covering Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and researching market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

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