Propane fell to 0.76 USD/Gal on June 27, 2025, down 0.03% from the previous day. Over the past month, Propane's price has risen 1.86%, and is up 1.27% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Natural Gas Liquids (WPU0532) from Jan 1971 to May 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

In the first quarter of 2025, the Liquefied Petroleum Gas (LPG) market in the North American region experienced significant price fluctuations, reflecting tight supply conditions, extreme weather events, and changing demand dynamics. A sharp price increase was seen at the beginning of the quarter due to the combined impact of severe winter storms, which heightened demand for heating fuels and led to inventory draws. Propane and butane prices surged, driven by increased consumption, higher crude oil and natural gas prices, and a surge in LPG exports.

Natural gas fell to 3.66 USD/MMBtu on June 30, 2025, down 2.07% from the previous day. Over the past month, Natural gas's price has fallen 0.88%, but it is still 47.76% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on June of 2025.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Propane (WPU05320104) from Jun 1977 to May 2025 about propane, fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

Comprehensive historical data and future forecasts for LPG prices in United States, crucial for market analysis and strategic planning.

The global propane market is expected to grow in the forecast period of 2025-2034 at a CAGR of 4.00%.

Get the latest insights on price movement and trend analysis of Propane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Comprehensive historical data and future forecasts for LPG prices in Russia, crucial for market analysis and strategic planning.

In 2024, the Canadian liquefied petroleum gas (LPG) market decreased by -18.7% to $829M, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a pronounced reduction. Liquefied petroleum gas (LPG) consumption peaked at $1.3B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

The global liquefied petroleum gas (LPG) market rose significantly to $199.9B in 2024, with an increase of 6.5% against the previous year. Over the period under review, consumption showed a modest expansion. Over the period under review, the global market hit record highs at $201.9B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The SADC liquefied petroleum gas (LPG) market totaled $1.1B in 2024, increasing by 4.9% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +4.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +62.6% against 2019 indices.

Comprehensive historical data and future forecasts for LPG prices in Mexico, crucial for market analysis and strategic planning.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas (WPROPANEMBTX) from 1992-07-03 to 2025-06-20 about mont belvieu, propane, commodities, and USA.

Price for Liquefied Petroleum Gas (LPG) in the United States - 2023. Find the latest marketing data on the IndexBox platform.

China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 1st Month data was reported at 4,473.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 5,034.000 RMB/Ton for Mar 2025. China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 1st Month data is updated monthly, averaging 4,695.000 RMB/Ton from Mar 2020 (Median) to Apr 2025, with 62 observations. The data reached an all-time high of 6,442.000 RMB/Ton in Oct 2021 and a record low of 2,513.000 RMB/Ton in Mar 2020. China Settlement Price: Dalian Commodity Exchange: Liquefied Petroleum Gas: 1st Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price.

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Liquefied Petroleum Gas (LPG) Market Size 2025-2029

The liquefied petroleum gas (LPG) market size is forecast to increase by USD 55.2 billion, at a CAGR of 3.3% between 2024 and 2029.

The LPG market is witnessing significant shifts, driven by the surge in natural gas supply and the emergence of virtual pipeline technology (VPT). The abundant availability of natural gas has led to a rise in its production and subsequent conversion into LPG, posing a challenge for market players. Simultaneously, the adoption of VPT is gaining momentum, enabling the transportation of LPG through virtual pipelines, thereby reducing the dependence on traditional transportation methods and infrastructure. However, this market faces stiff competition from other sources of energy, particularly natural gas and renewables, which are increasingly becoming cost-competitive and environmentally sustainable.
Companies in the LPG market must navigate these challenges by exploring innovative business models, enhancing operational efficiency, and focusing on sustainability to maintain their market position and capitalize on emerging opportunities.

What will be the Size of the Liquefied Petroleum Gas (LPG) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by dynamic market conditions and diverse applications across various sectors. LPG distribution networks expand and contract in response to shifting demand, with regulations playing a crucial role in shaping the industry. LPG regulations ensure safety and quality, influencing the design and certification of LPG cylinders, vaporizers, and appliances. LPG market volatility, influenced by supply and demand factors, impacts pricing and influences the use of additives for blending and enhancing LPG properties. LPG emissions, a critical concern for environmental sustainability, are addressed through advancements in LPG combustion technology and emissions control systems.

LPG's versatility extends to industrial, residential, and commercial applications, including heating, refrigeration, fuel injection, and cooking. LPG's energy efficiency and sustainability make it a preferred choice for agriculture and transportation. LPG pipelines and filling stations facilitate the distribution of LPG, ensuring a consistent supply to meet the growing demand. LPG conversion kits enable the transition from traditional fuels to LPG, further expanding its reach. LPG's calorific value and various analytical techniques, such as mass spectrometry and gas chromatography, are used for quality control and assurance. The LPG market's continuous evolution is underpinned by ongoing advancements in technology, regulations, and market dynamics.

The integration of LPG into various industries and applications underscores its importance as a versatile and sustainable energy source.

How is this Liquefied Petroleum Gas (LPG) Industry segmented?

The liquefied petroleum gas (lpg) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Petrochemical
  Industrial and commercial
  Transport
  Others


Source

  Natural gas liquid
  Crude oil


Distribution Channel

  Cylinder Distribution
  Bulk
  On-site storage


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

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By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

Liquefied Petroleum Gas (LPG), consisting primarily of propane and butane, is a versatile energy source with numerous applications. In residential areas, LPG is utilized for water and space heating and cooling. In developing countries, it serves as a substitute for electricity for lighting. For outdoor activities like barbecues and camping in developed nations, LPG is commonly used. LPG is liquefied for bulk storage and transportation due to its high density in this state. Refrigeration is essential for LPG shipment by sea and large-volume storage at receiving terminals. LPG's high-energy content, per ton in a liquid state, surpasses that of traditional fuels and most oil products.

LPG infrastructure includes certification for safety standards, vaporizers, fuel injection systems, and blending facilities. LPG is employed extensively in industrial applications, including refrigeration, heating, water heating, and cooking. LPG's energy efficiency, coupled with its clean-burning properties, makes it an attractive alternative to conv

TTF Gas fell to 33.43 EUR/MWh on June 27, 2025, down 0.20% from the previous day. Over the past month, TTF Gas's price has fallen 8.48%, and is down 3.11% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on June of 2025.

In 2024, the Australian liquefied petroleum gas (LPG) market decreased by -14.1% to $928M, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a perceptible slump. Liquefied petroleum gas (LPG) consumption peaked at $1.6B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

Comprehensive historical data and future forecasts for LPG prices in Brazil, crucial for market analysis and strategic planning.