lpg cylinder price in 2024

In 2024, with the accelerated global energy transition and the continued increase in environmental awareness, through the observation of customs export data from various countries, liquefied petroleum gas (LPG) has seen a growing demand year by year as a clean and efficient energy alternative in the household, commercial, and industrial sectors. The price of LPG cylinders has become one of the focal points of attention. In this context, we will delve into the cost situation of LPG cylinders in 2024, including price trends, influencing factors, and market prospects.

Common types of gas cylinders

Cylinders contain various types of liquefied petroleum gas, each with different uses. The following four common ones are：

1. Propane—Propane is typically used for heating, cooking, and as a vehicle fuel.
2. Butane—Butane is known for its use in portable stoves, lighters, and as fuel for recreational vehicles.
3. Ethane—Ethane is used in various industrial processes, such as plastic manufacturing.
4. Propylene—Propylene is used for welding, cutting, and as fuel in certain industrial processes.

Factors affecting the cost of gas cylinders

1. Material—LPG cylinders are typically made of steel or aluminum alloy, among other metals. Fluctuations in raw material prices directly impact the cost of the cylinders.
2. Production—Including manufacturing processes, labor costs, energy consumption, etc. An increase in production costs may lead to an increase in the price of gas cylinders.
3. Transportation—Transportation costs are also a key factor influencing the price of gas cylinders.
4. Market—Supply and demand dynamics are important factors influencing prices. With the increase in demand for gas cylinders in 2024, it is reasonable to expect a significant price increase.

In addition, as the product falls under international demand, prices will also be affected by local exchange rates and export policies. For example, during Eid al-Fitr, people tend to purchase gas cylinders in bulk to avoid any food preparation issues, causing the price of gas cylinders to be influenced by local events.

We provide online purchasing and trial services for gas cylinders, along with doorstep delivery support.