Latin America LPG Prices Movement Q4 2024:
LPG Prices in Brazil:
Product | Category | Price |
LPG | Feedstock | 730 USD/MT |
The LPG Price Chart for Brazil during Q4 2024 revealed a sharp surge in LPG prices, reaching 730 USD/MT by December, primarily driven by a significant increase in demand for heating fuels as the winter season set in. Propane, a key component of LPG, saw the most substantial rise, reflecting the country's higher reliance on it for domestic heating. This seasonal surge in demand disrupted the balance of the LPG market, particularly affecting inland propane prices. Compounding the situation, export difficulties from the U.S. in November caused a severe reduction in LPG supply to Brazil, further straining the market and preventing it from meeting the growing energy needs.
The tightening of supply conditions and increasing demand resulted in considerable price volatility, impacting both residential consumers and industries reliant on LPG for various applications. As the LPG Price Forecast suggests, global supply disruptions combined with seasonal demand played a crucial role in shaping this market fluctuation. This period clearly highlighted the delicate balance between supply and demand in the LPG market and the significant impact that external factors, such as global exports and weather patterns, can have on prices.
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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 Demand and Prices
LPG demand and prices are influenced by seasonal variations, industrial and household consumption, and global supply chain dynamics. Key factors include weather conditions, crude oil and natural gas prices, geopolitical events, and trade policies. Supply disruptions, transportation costs, and refinery output also impact market trends, leading to price fluctuations.
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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 trends, 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. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.
About Us:
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 conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.
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