LPG Prices 2025 | Get Index Report & Forecast

North America LPG Price Index Analysis – 2025 Overview

LPG Prices in the United States:

In the USA, LPG Prices stood at USD 673/MT in 2025, supported by steady domestic production and consistent petrochemical demand. Insights from the LPG Price Index Report highlight a balanced market shaped by stable supply flows and moderate consumption. The LPG Historical Price Chart also shows a relatively steady trajectory, reflecting resilient output and controlled inventory levels across major hubs.

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APAC LPG Price Index Analysis – 2025 Overview

LPG Prices in China:

China recorded LPG Prices at USD 664/MT, influenced by strong refinery operations and healthy demand from residential and industrial sectors. As outlined in the LPG Price Index Report, improved availability and manageable import costs have moderated volatility. The LPG Historical Price Chart further reveals a stable pricing pattern, supported by expanding storage capacities and consistent domestic distribution networks.

LPG Prices in India:

India posted LPG Prices of USD 1043/MT, reflecting higher import dependency and robust household consumption. The LPG Price Index Report indicates that global freight rates and currency fluctuations played a key role in shaping price trends. According to the LPG Historical Price Chart, India continues to show periodic surges driven by demand spikes and international supply tightness.

LPG Prices in Japan:

Japan reported LPG Prices at USD 583/MT, shaped by stable import volumes and moderate petrochemical activity. The LPG Price Index Report highlights balanced market conditions supported by consistent storage levels and efficient procurement strategies. The LPG Historical Price Chart also shows a mild downward tendency, reflecting controlled demand and improved logistical efficiencies across key terminals.

LPG Prices in South Korea:

South Korea’s LPG Prices averaged USD 534/MT, influenced by healthy refinery output and moderated industrial usage. As per the LPG Price Index Report, the market remains steady with adequate supply and predictable consumption cycles. The LPG Historical Price Chart indicates a smooth and stable price movement, driven by optimized import strategies and strong integration within the regional energy mix.

Regional Analysis: The price analysis can be extended to provide detailed LPG price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Liquefied Petroleum Gas (LPG) Price Trend, Influencing Factors, Recent Changes, History, and Forecast – 2025

In 2025, LPG prices declined across regions: USA at 673 USD/MT, China at 664 USD/MT down from 680 USD/MT in Q2, India at 1043 USD/MT, Japan at 583 USD/MT, and South Korea at 534 USD/MT. These drops reflected softer industrial and residential consumption amid ample supply.

Influencing Factors

• Demand Shifts: Reduced industrial manufacturing and residential heating needs lowered consumption.
• Supply Availability: Steady refinery output, imports, and rising inventories created oversupply pressure.
• Crude Oil Prices: Falling international crude levels reduced production costs for LPG.
• Logistics Costs: Eased shipping congestion and stable port handling minimized added expenses.
• Policy Measures: Government interventions for energy affordability and tariffs influenced import dynamics.
• Seasonal Patterns: Warmer weather cut heating demand, contributing to downward trends.
• Exchange Rates: Currency stability helped control import price volatility.

Recent Changes

• USA prices fell due to lower demand and higher inventories from redirected exports.
• China saw softening from moderated manufacturing and robust domestic supply.
• India experienced declines amid stable imports and reduced urban consumption.
• Japan and South Korea recorded drops from weaker industrial pull and steady imports.
• Q3 North America index declined with seasonal cooling reducing heating use.

Historical Context

Q1 2025 brought volatility from winter storms spiking heating demand and inventory draws, with USA at 835 USD/MT. Q2 saw trade tensions like US-China tariffs causing temporary surges before waivers led to corrections. Prices eased progressively through quarters as weather warmed and supply stabilized.

Forecast

Global LPG activity hit USD 144.80 billion in 2024, projecting to USD 197.34 billion by 2033 at 3.33% yearly growth. Rising industrial and residential energy needs, cleaner fuel adoption, and distribution expansions support steady price recovery amid ongoing supply balances.

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

FAQ of Liquified Petroleum Gas (LPG) Prices and Forecast:

What is the current global LPG price trend in 2025?

The global LPG market shows varying prices across regions in 2025. Our LPG Price Trend Report highlights current rates and regional variations, helping businesses and consumers make informed purchasing and investment decisions.

How is the LPG Price Forecast 2025 expected to impact industries and consumers?

The LPG Price Forecast 2025 indicates moderate price fluctuations globally, affecting industrial production costs and household energy expenses. Businesses can use this data to plan budgets and procurement strategies efficiently.

Which regions have the highest and lowest LPG prices in Q3 2025?

In Q3 2025, India records the highest LPG price at USD 1043/MT, while South Korea has the lowest at USD 534/MT. Our LPG Price Trend Report provides detailed regional comparisons for traders and buyers.

What factors are driving LPG prices globally in 2025?

Global LPG prices are influenced by crude oil rates, industrial demand, imports, and seasonal consumption. The LPG Price Forecast 2025 explains these key factors to help stakeholders anticipate market movements.

Where can I access the detailed LPG Price Trend Report and forecasts for 2025?

The full LPG Price Trend Report 2025 with detailed forecasts and regional analysis is available at IMARC Group. Access it to make informed decisions on LPG purchases and market strategies.

How IMARC Pricing Database Can Help

The latest IMARC Group study, LPG Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition, presents a detailed analysis of the LPG price trend, 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 behaviour and industrial needs affect overall market dynamics. By examining the intricate relationship between supply and demand, the prices report reveals key factors that influence 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 and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and 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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