MERCOSUR: Market for Liquefied Petroleum Gas (LPG) 2024

Market Size for Liquefied Petroleum Gas (LPG) in MERCOSUR

The MERCOSUR liquefied petroleum gas (LPG) market declined notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, recorded a notable increase. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Production of Liquefied Petroleum Gas (LPG) in MERCOSUR

In value terms, liquefied petroleum gas (LPG) production fell to $X in 2022 estimated in export price. Overall, production, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Liquefied Petroleum Gas (LPG)

Exports in MERCOSUR

Liquefied petroleum gas (LPG) exports soared to X tons in 2022, rising by X% against the previous year. In general, exports, however, continue to indicate a mild reduction. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, liquefied petroleum gas (LPG) exports surged to $X in 2022. Overall, exports, however, saw a deep slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X tons) represented the main exporter of liquefied petroleum gas (LPG), mixing up X% of total exports. It was distantly followed by Chile (X tons), constituting a X% share of total exports. Peru (X tons) held a little share of total exports.

Exports from Argentina decreased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Peru (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X), Chile ($X) and Peru ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in MERCOSUR

After two years of growth, overseas purchases of liquefied petroleum gas (LPG) decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell sharply in the following year.

In value terms, liquefied petroleum gas (LPG) imports reached $X in 2022. Overall, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons), Ecuador (X tons) and Chile (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Peru (X tons), achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquefied petroleum gas (LPG) importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Ecuador ($X), together comprising X% of total imports. Peru lagged somewhat behind, accounting for a further X%.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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