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Propane in Canada Procurement Price, Data and Insights
Propane is a colorless, odorless, nontoxic type of liquefied petroleum gas (LPG). The primary buyers of propane include companies in the utilities, fuel, commercial, industrial, and agricultural industries. Specifically, propane is used in furnaces, outdoor grills, air conditioners, fireplaces, irrigation pumps, water heaters, and appliances, as well as in propane-driven forklifts and some fleet vehicles.
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What’s included in this market coverage
IBISWorld's research coverage on the Propane procurement and pricing environment in Canada includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Propane market in Canada includes Wholesale Propane, Residential Propane and Commercial Propane. Standard coding in this coverage includes HS-271112-Petroleum Gases And Other Gaseous Hydrocarbons; Liquefied, Propane, ISIC-062-Extraction of natural gas, NACE-06.20-Extraction Of Natural Gas, NAICS-211110-Oil and gas extraction (except oil sands) and UNSPSC-15111501-Propane.
What common market terminology is included?
Common market terminology included in the Propane procurement coverage includes Hazmat (Hazardous materials and goods that are harmful to people, other living organisms, or the environment.), Liquefied Petroleum Gas (LPG) (A category of gases predominantly used as fuel in vehicles and heating appliances.), Propane Spot Price (The propane spot price is the current market price at which propane can be bought or sold for immediate delivery.), Wholesale Price (The wholesale price is the cost at which propane is sold in large quantities to retailers or distributors before it is sold to end consumers.) and LPG (Liquefied Petroleum Gas) (LPG is a mixture of hydrocarbon gases, primarily propane and butane, that can be stored and transported as a liquid under moderate pressure for use in heating, cooking, and as a fuel for vehicles.).
What companies are included as top suppliers?
The top companies covered in the Propane procurement report as suppliers are Imperial Oil Limited, United Rentals, Inc., Chs Inc., Tourmaline Oil Corp. and Suncor Energy Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Propane market in Canada category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per litre, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Propane market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Propane procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Propane market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Propane market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Propane?
The 2026 benchmark market price for Propane is $1.31 per litre. Prices have declined at a CAGR of -1 from 2023-26.
Who are the top vendors in the Propane market?
The top vendors in the Propane market include Imperial Oil Limited, United Rentals, Inc., Chs Inc., Tourmaline Oil Corp. and Suncor Energy Inc..
What factors affect the price of Propane?
Mixes and compositions of propane, such as HD5, affect price due to variations in purity, performance characteristics, and market demand; for example, HD5 propane is often preferred for residential heating due to its lower propylene content, leading to higher prices in colder months when demand spikes. Pricing is typically measured through spot market rates and long-term contracts that reflect these composition differences.
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