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

In Q3 2025, North America, the Liquefied Petroleum Gas Price Index fell 13.45% quarter-over-quarter due to oversupply. Check detailed insights for Europe and APAC.

View monthly updates and historical trends for North American LPG Propane Spot Price. Source: International Monetary Fund. Track economic data with YChart…

In 2024, the annual average price of liquefied petroleum gas (LPG) in Thailand amounted to around **** Thai baht per liter, which was a slight increase compared to the previous year. The average price of LPG in the country has fluctuated over the observed period.

Propane rose to 0.70 USD/Gal on December 1, 2025, up 2.86% from the previous day. Over the past month, Propane's price has risen 6.57%, but it is still 13.17% lower than a year ago, 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 December of 2025.

Japan Oil Import Price: LPG data was reported at 69,698.139 JPY/Ton in Sep 2018. This records an increase from the previous number of 67,418.201 JPY/Ton for Aug 2018. Japan Oil Import Price: LPG data is updated monthly, averaging 51,782.305 JPY/Ton from Mar 1997 (Median) to Sep 2018, with 259 observations. The data reached an all-time high of 114,356.717 JPY/Ton in Jan 2014 and a record low of 19,074.033 JPY/Ton in Sep 1998. Japan Oil Import Price: LPG data remains active status in CEIC and is reported by Petroleum Association of Japan. The data is categorized under Global Database’s Japan – Table JP.P012: Oil Import Price.

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

View weekly updates and historical trends for US Residential Propane Price. from United States. Source: Energy Information Administration. Track economic …

In Latin America and the Caribbean, liquefied petroleum gas (LPG) is an important energy source in the residential sector. This fuel is frequently used in by households for cooking and heating. Nevertheless, prices vary significantly across countries. In 2020, households in Chile paid an average of **** U.S. dollars per kilogram. In contrast, the average residential LPG price in Ecuador stood at around *** dollars per kilogram.

Explore the factors influencing Liquefied Petroleum Gas (LPG) prices, including crude oil costs, supply and demand dynamics, and geopolitical events. Discover recent trends and the impact of global events, like the COVID-19 pandemic, on LPG pricing.

The global liquefied petroleum gas (LPG) market surged to $193B in 2024, with an increase of 16% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Global consumption peaked at $194.3B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

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Liquefied Petroleum Gas (LPG) Market Size 2025-2029

The liquefied petroleum gas (LPG) market size is valued to increase by USD 55.2 billion, at a CAGR of 3.3% from 2024 to 2029. An increase in the supply of natural gas will drive the liquefied petroleum gas (LPG) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 58% growth during the forecast period.
By End-user - Residential segment was valued at USD 106.40 billion in 2023
By Source - Natural gas liquid segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.69 billion
Market Future Opportunities: USD 55.20 billion
CAGR from 2024 to 2029: 3.3%

Market Summary

The market is a dynamic and ever-evolving sector, driven by the continuous rise in supply of natural gas and the increasing adoption of core technologies such as virtual pipeline technology (VPT). LPG, a versatile and clean-burning fuel, is increasingly gaining popularity as a viable alternative to traditional fossil fuels. However, the market faces challenges from the competition of LPG from other sources of energy, including natural gas and renewable energy. According to recent reports, the global LPG market share held by VPT is projected to reach 20% by 2026, reflecting the growing trend towards more efficient and cost-effective energy solutions.
The market's evolution is further influenced by regulatory frameworks, with stricter emissions norms driving the demand for cleaner fuels. These trends and challenges present significant opportunities for market participants, making the LPG sector an exciting space to watch.

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

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How is the Liquefied Petroleum Gas (LPG) Market 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)

By End-user Insights

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

LPG, or Liquefied Petroleum Gas, is a versatile energy source that plays a significant role in various industries and applications. Approximately 25% of the global LPG consumption is attributed to commercial cooking equipment, highlighting its importance in the foodservice sector. Moreover, leak detection systems, pressure relief valves, and other safety components account for a substantial portion of the market, underlining the industry's commitment to ensuring safety and reliability. LPG is transported using multiple modes, including cylindrical tanks, pipelines, and tanker trucks. Cylindrical tank design is widely adopted due to its cost-effectiveness and ease of use, while spherical tank design offers advantages in terms of safety and efficiency.

In the realm of odorization techniques, vapor pressure measurement, and industrial heating systems, LPG's applications continue to expand. Regulations governing LPG safety and emission monitoring are stringent, with liquid level sensors and refrigeration applications playing crucial roles in ensuring compliance. LPG's compatibility with various materials, thermal efficiency, and high calorific value make it an attractive alternative to traditional fuels. Propane autogas fueling, pipeline integrity management, and automotive fuel systems are among the growing applications for LPG. Pressure regulators, flammability limits, and LPG pipeline infrastructure are essential components of the LPG market. Auto ignition temperature and boiling point are critical factors influencing the combustion efficiency and overall performance of LPG.

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The Residential segment was valued at USD 106.40 billion in 2019 and showed a gradual increase during the forecast period.

Butane-propane mixtures and gas blending processes are essential for optimizing the energy density comparison between LPG and other fuel sources. LPG cylinder valves, calorific value, and flow control devices are essential components of the LPG market. Residential heating systems, energy density comparison, and specific gravity are key factors driving the demand for LPG in the residential sector. The LPG storage tank market is expected to grow by 15% in t

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In 2024, the Ghanian liquefied petroleum gas (LPG) market decreased by -60.7% to $26M, falling for the second consecutive year after three years of growth. In general, consumption saw a deep slump. Over the period under review, the market attained the maximum level at $75M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Explore the dynamic factors influencing the Liquefied Petroleum Gas (LPG) market, including global oil prices, supply chain logistics, seasonal demand, government policies, and technological advancements. Understand how these elements affect LPG pricing and the broader energy market trends.

Brazil BR: Weighted Average Price: LPG data was reported at 2.710 BRL/kg in 2023. This records a decrease from the previous number of 4.028 BRL/kg for 2022. Brazil BR: Weighted Average Price: LPG data is updated yearly, averaging 1.171 BRL/kg from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 4.028 BRL/kg in 2022 and a record low of 0.764 BRL/kg in 2002. Brazil BR: Weighted Average Price: LPG data remains active status in CEIC and is reported by National Petroleum, Natural Gas and Biofuels Agency. The data is categorized under Global Database’s Brazil – Table BR.PE010: Weighted Average Price: LPG.

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

View weekly updates and historical trends for US Propane Retail Price. from United States. Source: Energy Information Administration. Track economic data …

The Singaporean liquefied petroleum gas (LPG) market rose remarkably to $565M in 2024, increasing by 5.7% against the previous year. Overall, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs at $675M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Kenya Average Retail Price: L.P.G data was reported at 2,193.420 KES/13 kg in Nov 2018. This records an increase from the previous number of 2,185.790 KES/13 kg for Oct 2018. Kenya Average Retail Price: L.P.G data is updated monthly, averaging 2,140.420 KES/13 kg from Oct 2005 (Median) to Nov 2018, with 158 observations. The data reached an all-time high of 3,275.840 KES/13 kg in Dec 2011 and a record low of 1,461.320 KES/13 kg in Oct 2005. Kenya Average Retail Price: L.P.G data remains active status in CEIC and is reported by Kenya National Bureau of Statistics. The data is categorized under Global Database’s Kenya – Table KE.P002: Average Retail Price.