MERCOSUR: Market for Liquefied Petroleum Gas (LPG) 2025

Market Size for Liquefied Petroleum Gas (LPG) in MERCOSUR

The MERCOSUR liquefied petroleum gas (LPG) market contracted rapidly to $X in 2022, falling by -30.8% against the previous year. Overall, consumption, however, showed temperate growth. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Production of Liquefied Petroleum Gas (LPG) in MERCOSUR

In value terms, liquefied petroleum gas (LPG) production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a mild decrease. The growth pace was the most rapid in 2017 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Liquefied Petroleum Gas (LPG)

Exports in MERCOSUR

In 2022, exports of liquefied petroleum gas (LPG) in MERCOSUR soared to X tons, increasing by 70% compared with the year before. Over the period under review, exports, however, recorded a mild setback. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, liquefied petroleum gas (LPG) exports skyrocketed to $X in 2022. In general, exports, however, showed a deep downturn. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina represented the key exporting country with an export of around X tons, which amounted to 66% of total exports. It was distantly followed by Chile (X tons), comprising a 28% share of total exports. Peru (X tons) followed a long way behind the leaders.

Exports from Argentina decreased at an average annual rate of -3.3% from 2012 to 2022. At the same time, Chile (+29.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +29.8% from 2012-2022. By contrast, Peru (-16.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile increased by +26 percentage points.

In value terms, Argentina ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 97% of total exports.

Chile, with a CAGR of +33.0%, saw the highest growth rate of 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, reducing by -16% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 (+2.4%), while the other leaders experienced a decline in the export price figures.

Imports of Liquefied Petroleum Gas (LPG)

Imports in MERCOSUR

In 2022, purchases abroad of liquefied petroleum gas (LPG) decreased by -42.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, liquefied petroleum gas (LPG) imports stood at $X in 2022. In general, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2021 with an increase of 98%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of liquefied petroleum gas (LPG) imports in 2022 were Brazil (X tons), Ecuador (X tons) and Chile (X tons), together recording 88% of total import. It was distantly followed by Peru (X tons), mixing up a 7.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Ecuador ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 88% share of total imports. These countries were followed by Peru, which accounted for a further 7.3%.

Peru, with a CAGR of +33.0%, 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 75% against the previous year. Overall, the import price continues to indicate 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 (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform