Latin America LPG Prices Movement Q4 2024:

LPG Prices in Brazil:

In the fourth quarter of 2024, Brazil saw a significant jump in Liquefied Petroleum Gas (LPG) prices, reaching 730 USD/MT by December. This increase was primarily driven by a rise in demand for heating fuels as winter set in. Propane, which is a key part of LPG, experienced the largest price hike, showcasing the country’s heavy reliance on it for home heating. This seasonal uptick in demand threw the LPG market out of balance, particularly affecting propane prices in inland areas. On top of that, export issues from the U.S. in November caused a sharp drop in LPG supply to Brazil, putting even more pressure on the market and making it tough to keep up with the growing energy needs.

The mix of tightening supply and rising demand led to noticeable price swings, impacting both households and industries that depend on LPG for various applications. According to the LPG Price Chart, global supply disruptions and seasonal demand were major contributors to this market volatility. This period really highlighted the delicate balance between supply and demand in the LPG market and showed how external factors, like global exports and weather patterns, can have a big impact on 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 come into play when it comes to LPG prices and demand. Things like supply chain dynamics, seasonal shifts, and trends in the global energy market all have an impact. Since LPG is produced from crude oil and natural gas, its pricing is closely linked to the ups and downs of these raw material costs. Geopolitical tensions and trade policies can also affect international supply routes, which in turn can influence availability and transportation costs. Seasonal demand changes, particularly in winter when heating needs rise, contribute to price fluctuations. Additionally, how industries and households consume LPG, along with government regulations and subsidies, significantly shape market demand and the overall trends in LPG pricing.

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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 LPG price trend, offering key insights into global LPG market dynamics. This report includes comprehensive price charts, which trace historical data and highlights 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. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.

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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 and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and 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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