Peru Liquefied Petroleum Gas HS2711 Export Data 2025 Q1 Overview

Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export: Key Takeaways

Peru's Liquefied Petroleum Gas (HS Code 2711) export in 2025 Q1 shows a highly concentrated buyer market, with South Korea dominating nearly half of both value and weight, suggesting stable commodity-grade shipments at around 0.62 USD/kg. Asian markets like China and Japan form a strong secondary cluster, while European buyers play a minor role, likely due to diversified energy supplies. This analysis, based on cleanly processed Customs data from the yTrade database, covers 2025 Q1 and highlights the need for exporters to prioritize Asian contracts while monitoring regulatory shifts impacting tariff benefits.

Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export Background

Liquefied Petroleum Gas (LPG), classified under HS Code 2711 as petroleum gases and other gaseous hydrocarbons, fuels industries like heating, cooking, and petrochemicals due to its clean-burning properties. Global demand remains steady, driven by energy transitions. In Q1 2025, Peru’s LPG exports face tighter compliance rules under trade agreements, requiring detailed customs documentation to maintain tariff benefits [Chambers]. Peru, a key exporter of HS 2711 products, shipped $1.83B in 2023, with the UK, South Korea, and Japan as top buyers [OEC], reinforcing its strategic role in 2025’s energy trade.

Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export: Trend Summary

Key Observations

Peru's Liquefied Petroleum Gas exports under HS Code 2711 in 2025 Q1 showed strong performance, with export volume surging over 60% from January to March, while unit prices fell by 17%, driving a 35% increase in total export value to approximately $1.05 billion.

Price and Volume Dynamics

The quarter-over-quarter rise in volume, particularly the 30.7% jump from January to February, aligns with typical seasonal demand patterns for heating fuels during the Northern Hemisphere winter, which often boosts LPG exports. Despite a sequential price decline—down 13.1% in March alone—the volume expansion compensated, reflecting efficient market response to lower prices without dampening shipment momentum. This trend suggests robust industrial and residential uptake, consistent with stock replenishment cycles in key importing regions.

External Context and Outlook

External policy shifts are shaping this dynamic; for example, stricter compliance requirements under trade agreements, as noted in [Chambers Global Practice Guides], may have accelerated export volumes ahead of July 2025 duty changes (Chambers Global Practice Guides). Sustained demand from major destinations like the United Kingdom and South Korea [OEC World] supports outlook stability, though price volatility may persist due to global energy market fluctuations.

Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q1, Peru's export of Liquefied Petroleum Gas under HS Code 2711 is dominated by liquefied natural gas, specifically sub-code 2711110000, which holds over 99% of both value and weight shares. This product has a unit price of 0.58 USD per kilogram, indicating a bulk commodity focus. A minor anomaly exists with other liquefied gases at 17.33 USD per kilogram, but its negligible quantity isolates it from the main analysis.

Value-Chain Structure and Grade Analysis

The remaining non-anomalous sub-codes fall into two groups: liquefied natural gas and gaseous natural gas. Liquefied natural gas forms the core export, while gaseous natural gas has a smaller presence with a higher unit price of 0.82 USD per kilogram. This structure points to a trade in fungible bulk commodities, where products are standardized and likely linked to global energy indices rather than being highly differentiated.

Strategic Implication and Pricing Power

For Peru Liquefied Petroleum Gas HS Code 2711 Export 2025 Q1, the high concentration in liquefied natural gas grants strong pricing power and economies of scale. Market players should focus on optimizing logistics and cost efficiency for bulk shipments to maintain competitiveness, as this commodity-based trade relies on volume and price stability rather than product differentiation.

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Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Liquefied Petroleum Gas HS Code 2711 export in 2025 Q1 is highly concentrated, with South Korea as the dominant importer, accounting for 48.89% of the value and 46.05% of the weight. The slightly higher value ratio compared to weight ratio indicates a marginally higher unit price of around 0.62 USD per kilogram, suggesting South Korea may receive a standard commodity grade with potentially favorable logistics or contract terms.

Partner Countries Clusters and Underlying Causes

Export partners form two clear clusters: Asian markets like South Korea, China, and Japan collectively hold high value and weight shares, driven by strong regional energy demand and efficient maritime trade routes. European destinations such as Spain and the Netherlands show lower volumes, likely serving as entry points for distribution within Europe or having diversified energy supplies. Minor partners like Ecuador and Mexico have insignificant shares, possibly due to regional trade dynamics or data inconsistencies.

Forward Strategy and Supply Chain Implications

Exporters should prioritize securing and expanding contracts with Asian buyers due to their dominant market share. Attention to regulatory compliance is crucial, as Peruvian authorities enforce stricter documentation for trade agreements to maintain tariff benefits, with failures risking fines [Chambers Global Practice Guides]. Upcoming changes in duty restitution rates may affect profitability, necessitating early financial adjustments for cost management.

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Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

In Peru Liquefied Petroleum Gas Export 2025 Q1 under HS Code 2711, the buyer market is extremely concentrated, with one group of buyers dominating almost all trade value. Buyers with high purchase value and high order frequency represent 99.86% of the total export value, indicating a market driven by a few key, regular clients. This segment handles 66.56% of the quantity and 61.32% of order frequency, defining the overall market as high-volume and consistent. The four segments of buyers show clear stratification, but the high-value, high-frequency group is overwhelmingly central to trade dynamics in this period.

Strategic Buyer Clusters and Trade Role

The other buyer segments play minor but distinct roles. Buyers with high value but low frequency, like PETROPERU SA, account for 33.44% of quantity but only 0.14% of value, suggesting infrequent bulk purchases possibly for storage or large-scale projects. Buyers with low value and high frequency, such as SCHLUMBERGER DEL PERU S.A, contribute to 30.19% of order frequency but negligible value and quantity, indicating regular small-scale buys likely for operational or distribution needs. Buyers with low value and low frequency have minimal impact, representing occasional small orders with no significant share.

Sales Strategy and Vulnerability

For exporters in Peru, the strategic focus must prioritize maintaining relationships with the dominant high-value, high-frequency buyers to secure steady revenue. The high dependency on this segment poses a risk if demand shifts, so exploring opportunities in the high-value low-frequency group could add stability. Sales should emphasize contract-based models for large buyers, while the low-value high-frequency segment may benefit from streamlined distribution channels. The market size is substantial, as Peru exported over $1.83 billion in petroleum gas recently [OEC World], reinforcing the importance of this trade structure.

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Peru Liquefied Petroleum Gas (HS 2711) 2025 Q1 Export: Action Plan for Liquefied Petroleum Gas Market Expansion

Strategic Supply Chain Overview

The Peru Liquefied Petroleum Gas Export 2025 Q1 under HS Code 2711 operates as a bulk commodity trade. Core price drivers are global energy indices and standardized product grade, not differentiation. Supply chain implications focus on securing high-volume maritime logistics to dominant Asian buyers. This structure creates vulnerability to demand shifts from a few key clients but offers economies of scale.

Action Plan: Data-Driven Steps for Liquefied Petroleum Gas Market Execution

• Negotiate long-term contracts with high-value, high-frequency Asian buyers. This secures stable revenue and optimizes shipment planning for bulk economies.
• Diversify into high-value, low-frequency buyer segments like PETROPERU SA. This reduces dependency on core clients and captures occasional large-volume opportunities.
• Monitor global LNG index prices and adjust offers in real-time. This maintains competitiveness in a commodity-driven market where margins rely on price alignment.
• Audit export documentation for compliance with Peruvian regulatory updates. This avoids fines and ensures continued access to tariff benefits under trade agreements.
• Streamline distribution channels for low-value, high-frequency buyers. This improves operational efficiency for small, regular orders without diverting focus from core bulk trade.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Liquefied Petroleum Gas Export 2025 Q1?

Peru's LPG exports surged 60% in volume Q1 2025, offsetting a 17% price drop to drive a 35% value increase. Seasonal demand and preemptive shipments ahead of mid-2025 duty changes fueled this growth.

Q2. Who are the main partner countries in this Peru Liquefied Petroleum Gas Export 2025 Q1?

South Korea dominates with 48.89% of export value, followed by Asian markets like China and Japan. European destinations (e.g., Spain) hold smaller shares.

Q3. Why does the unit price differ across Peru Liquefied Petroleum Gas Export 2025 Q1 partner countries?

Prices vary due to product mix: bulk liquefied natural gas trades at $0.58/kg, while rarer gaseous natural gas commands $0.82/kg. South Korea’s marginally higher price reflects standard commodity terms.

Q4. What should exporters in Peru focus on in the current Liquefied Petroleum Gas export market?

Exporters must prioritize high-value, high-frequency buyers (99.86% of trade value) and secure Asian contracts. Cost-efficient bulk logistics and compliance with upcoming duty changes are critical.

Q5. What does this Peru Liquefied Petroleum Gas export pattern mean for buyers in partner countries?

Asian buyers benefit from reliable bulk supply, while European buyers face lower volumes. High-value buyers enjoy stable contracts, but infrequent bulk purchasers (e.g., PETROPERU SA) may negotiate spot advantages.

Q6. How is Liquefied Petroleum Gas typically used in this trade flow?

Peru’s LPG exports are fungible bulk commodities, primarily liquefied natural gas (99% share), used for industrial energy, heating, and regional distribution networks.

Detailed Monthly Report

Peru HS2711 Export Snapshot 2025 JAN

Peru HS2711 Export Snapshot 2025 FEB

Peru HS2711 Export Snapshot 2025 MAR