Ammonia Prices

Ammonia Price Trend and Forecast

Track the latest insights on ammonia price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Ammonia Prices Q4 2024

During the last quarter of 2024, the ammonia prices in the USA reached 646 USD/Ton in December. As per the ammonia price chart, the unpredictability of feedstock costs and decreased imports caused a sharp increase in ammonia prices. Supply was limited by production setbacks and heavy storms that disrupted facilities in the southeast U.S. Canada's labor strikes made shortages worse by further delaying shipments. Despite these obstacles, market activity was maintained by steady demand from the industrial and fertilizer sectors, and any significant decline in ammonia use was avoided by frequent restocking.

During the last quarter of 2024, the ammonia prices in Brazil reached 589 USD/Ton in December.  As per the ammonia price chart, supply constraints and shifting freight rates caused prices in Brazil to rise significantly. Shortages were made worse by fewer shipments and transportation delays brought on by labor problems. As planting efforts continued, agricultural demand stayed consistent, however market uncertainty was brought on by El Niño's predicted dry weather. Farmers were cautious as they expected to plant less land, which affected consumer behavior and price trends.

Ammonia Prices Q3 2024

During the third quarter of 2024, the ammonia prices in the United States reached 480 USD/MT in September fueled by reduced production and logistics disruptions caused by severe weather. Supply constraints were intensified by limited exports from Trinidad, prompting a cautious approach from the fertilizer industry amid ongoing uncertainties from hurricanes and tropical storms.

In the third quarter of 2024, ammonia prices in China observed initially faced price. The quarter ended with Ammonia priced at 427 USD/MT in September. However, Typhoon Yagi resulted in widespread intruptions in logistics and power supplies, straining production and driving a late-quarter recovery in prices as winter planting activities boosted market demand.

During the third quarter of 2024, ammonia pricing in Russia saw natural gas shortage caused by disruptions at the Sudzha gas transit station. quarter ended with Ammonia priced at 1647830 USD/MT in September. This supply constraint impacted production across Europe, intensifying the region's raw material scarcity and further pushing prices upward amidst fluctuating demand dynamics.

During the third quarter of 2024, ammonia pricing in Saudi Arabia saw supply challenges emerged from production disruptions at Ma’aden. The quarter ended with ammonia priced at 368 USD/MT in September. Rising feedstock costs and robust need ahead of the establishing season added pressure, while fluctuating international participation further shaped the upward trend in the regional market.

Ammonia Prices Q2 2024

During the second quarter of 2024, the ammonia prices in the United States reached 406 USD/MT in June. In U.S. ammonia prices declined owing to oversupply and weakened requirement from fertilizer markets amid adverse climate circumstances disrupting planting schedules. Farmers delayed purchases, anticipating further price drops, while subdued international demand compounded the downward trend. Despite improved conditions in certain areas, market sentiment remained bearish.

Ammonia Prices Q4 2023

During the Q1 of 2024, the ammonia prices in the United States reached 294 USD/MT in March as declining natural gas prices and higher exports to India created an oversupply situation. Inventory levels rose despite resumed operations at a key Ma’aden plant. Disruptions in the Red Sea also delayed exports, compounding market challenges.

Ammonia Prices Q4 2023

The price of ammonia in North America experienced bullish growth during Q4 2023 due to higher natural gas costs and strong domestic demand for winter planting. The prices declined sharply in December on account of surplus supply in the regional market, reaching 760 USD/MT in the USA.

The price trend for ammonia in China fluctuated in Q4 2023 and experienced maximum changes due to lower fertilizer exports, limited material availability, and changes in feedstock price. High demand from India initially drove prices up, but the decision of China to curtail exports in November led to a price drop by December, which resulted in the price reaching 500 USD/MT in China, as international demand waned amidst government export restrictions.

The European ammonia market witnessed a bullish trend in Q4 2023, reaching 650 USD/MT, which was initiated by the production halt of Yara, which complicated the supply chain and increased spot demand. Following the Chinese export restriction, demand from outside stayed high but declined in December, accompanied by unfavorable weather and commercial uncertainties due to rebel attacks in the Red Sea.

Regional Coverage

The report provides a detailed analysis of the ammonia market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ammonia price trend. 

Global Ammonia Price Trend

The report offers a holistic view of the global ammonia pricing trends in the form of ammonia price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of ammonia but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ammonia demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ammonia Price Trend

Q4 2024:

As seen in the ammonia price index, limited import supply and fluctuating natural gas prices, caused the prices in Europe to skyrocket. Prices increased as dealers resorted to the spot market due to a decrease in contractual supply. Consistent consumption levels were maintained despite these supply-side challenges by industrial and fertilizer sectors periodically replenishing the store. Moreover, strong demand and limited imports kept the market tight, which in turn drove up ammonia prices throughout Europe.

Q3 2024:

In Q3 2024, ammonia market observed substantial price hikes, primarily recognized to feedstock deficiencies stemming from disruptions in Russia’s Kursk region. This established a ripple effect on natural gas availability, affecting Ammonia manufacturing across Europe. Meanwhile, fluctuating weather conditions added to the uncertainty, complicating demand projections from the fertilizer sector. While demand from domestic and smaller importers remained moderate, the market environment remained volatile. These combined challenges contributed to higher Ammonia prices, reflecting the strained balance between supply and demand during the quarter.

Q2 2024:

European ammonia prices trended downward throughout Q2 2024, driven by weak demand from agriculture and industrial sectors. Extreme weather events, involving floods and storms, significantly disrupted planting activities, limiting fertilizer consumption. An oversupplied market, supported by ample stocks and seamless cargo movements in spite of geopolitical unpredictabilities, further pressured prices. Fertilizer sales stagnated across the region, exacerbating the bearish sentiment. Industrial usage also weakened, reducing ammonia uptake. Although geopolitical risks lingered, the continuous flow of imports ensured an excess supply, which, combined with subdued downstream activity, maintained downward pressure on ammonia prices.

Q1 2024:

The market faced significant pressure during Q1 2024 due to an oversupply and reduced fertilizer industry demand, exacerbated by trade suspicions and adverse weather conditions. Varying climatic patterns, including extreme rainfall in central Europe and drought in the Mediterranean, hindered agricultural activities, reducing fertilizer consumption. Farmers’ protests over energy costs further dampened demand, even as traders adjusted prices to manage high inventories. Despite temporary plant shutdowns, the market remained oversupplied, and prices continued to decline throughout the quarter, reflecting the combined effects of reduced buying enthusiasm and subdued market dynamics.

Q4 2023:

The European ammonia market exhibited an upward trend in Q4 2023, but it later witnessed a downturn. The brief production stoppage of Yara caused supply dynamics to be disturbed, which increased spot demand and widened the gap in the European market. Furthermore, in the face of commercial uncertainty brought on by rebel raids in the Red Sea, traders chose to use alternate trade routes, which resulted in a rise in port inventories throughout Europe.

This analysis can be extended to include detailed ammonia price information for a comprehensive list of countries.

North America Ammonia Price Trend

Q4 2024:

A limited supply of imported material and fluctuating natural gas prices caused a significant surge in ammonia prices in North America in 2024. Manufacturing output was further affected by severe weather conditions in the southeastern U.S., especially the southern Appalachian region and Georgia. Transportation constraints were further made worse by logistical difficulties in Canada, which were worsened by worker upheaval and delays at important ports. Regular inventory replenishment in the industrial sector and fertilizer industries maintained demand despite these disruptions, averting a sharp decline in consumption levels.

Q3 2024:

During Q3 2024, ammonia prices in North America experienced an upward trend, driven by fabrication cuts at key facilities and hostile weather environment disrupting transportation. Supply constraints were further exacerbated by reduced exports from Trinidad, a significant supplier facing natural gas shortages. The fertilizer sector remained cautious amid hurricanes and storms, with concerns about potential disruptions persisting. While Hurricane Francine compressed parts of Louisiana, the state’s fertilizer industry managed to continue its effects. Overall, tight supply conditions and logistical challenges significantly influenced the regional pricing landscape.

Q2 2024:

The North American market witnessed decreasing prices in Q2 2024 due to diminished requirement from fertilizer industry, largely caused by hostile weather circumstances disrupting planting schedules. Oversupply in the market, coupled with fluctuating natural gas prices, further weighed down prices. Farmers adopted a cautious approach, anticipating further declines, which constrained purchasing activities. The absence of significant international inquiries from key importers compounded the situation. Additionally, improved planting conditions in some areas failed to stimulate demand as ample inventories and limited market activity sustained the negative price trend, resulting in a bearish market sentiment throughout the quarter.

Q1 2024:

The market experienced a subdued performance during Q1 2024, influenced by weak domestic demand and inconsistent natural gas prices. Adverse weather settings, specifically freezing weather, disrupted operations at key production facilities like the U.S. Nitrogen LLC. and Yara/BASF JV plant Further constraining included logistical interruptions on the Mississippi River, delaying freights and rising port inventories. Despite steady international demand, domestic consumption remained lackluster, impacted by adverse weather hindering crop planting. Volatile demand from key importers such as Brazil, compounded by El-Niño-related conditions, further aiding the market challenges and restrained price movements during the quarter.

Q4 2023:

In North America, the ammonia market prices offered a positive outlook initially due to strong domestic market demand for ammonia and its derivatives, particularly with the approaching winter planting season. Additionally, when the Chinese government held fertilizer supplies, overseas buyers, particularly Indian companies, became active in the North American market. However, as a result of an oversupply of material on the North American market, prices collapsed in December 2023.

Specific ammonia historical data within the United States and Canada can also be provided.

Middle East and Africa Ammonia Price Trend

Q4 2024:

The MEA region experienced volatile ammonia prices, with surges attributed to reduced export obtainability and constant demand. Maintenance at Ma’aden significantly affected production, resulting in a lower supply forecast. Strong need from importing nations like India further pressured regional supply chains. Major manufacturing companies, involving Sabic Agri-Nutrients, supported exports during the early months, but market pressure eased by the quarter’s end as India fulfilled its fertilizer demand through contracts, reducing spot market activity. This shift stabilized prices, reflecting subdued demand in the final phase of the quarter.

Q3 2024:

Ammonia prices in the Middle East saw a remarkable surge during Q3 2024, induced by reduced global export participation and production encounters at key abilities like Ma’aden in Saudi Arabia. Rising raw material costs and escalating freight charges further exacerbated the price increases. Moreover, strong international demand ahead of the planting season supported the upward trend. Saudi Arabia witnessed the significant price variations, reflecting the sharp incline in the regional pricing environment. Despite challenges, the Middle East market remained optimistic as buyers adjusted to evolving supply dynamics.

Q2 2024:

The Middle Eastern market displayed contrasting trends with initial fall in the cost followed by increases. Early-quarter declines were attributed to weak netbacks from freights to Asia and North Africa. However, production costs surged mid-quarter due to rising natural gas prices, driving a price recovery. Geopolitical shifts, including China's suspension of fertilizer exports to India, exaggerated demand from Indian buyers seeking substitutes. Constrained spot readiness and restricted supply chains further fueled price increases. These factors collectively created a volatile market environment with fluctuating supply-demand dynamics.

Q1 2024:

The ammonia market during quarter one of 2024 in Middle Eastern experienced bearish outlook as lowering the prices of natural gas, coupled with excess supply, pushed prices downward. Rebel attacks disrupted the trade, leading shipment delays and inventory build-up at ports. Saudi Arabia amplified the oversupply by offering competitively priced exports to India, further increasing inventory pressures. Production resumed efficiently at Ma’aden, narrowing the demand-supply gap but maintaining the overall weak market sentiment. Despite weak international demand, the region witnessed some activity with China securing ammonia cargoes from Indonesia, adding minimal relief to the market challenges.

Q4 2023:

The Middle East and Africa (MEA) witnessed a decrease in ammonia prices during December as a result of manufacturers lowering their production rates. In addition, difficulties including limited supply, equipment breakdowns, and partial sales stoppages impacted the Middle Eastern market in November 2023. Moreover, the business uncertainty brought on by rebel activity in the Red Sea led traders to choose other trading routes.

In addition to region-wise data, information on ammonia prices for countries can also be provided.

Asia Pacific Ammonia Price Trend

Q4 2023:

The Asia-Pacific ammonia market saw significant price fluctuations in late 2024, first growing as a result of robust global demand, particularly from India. Supply shortages grew as distribution was hindered by traffic at the ports, rising shipping costs, and unfavorable weather. Typhoons and heavy rains in China and Japan prompted some production capacities to announce a state of force majeure, which resulted in a decrease in output. However, as the year came to an end, fewer purchases contributed to market stabilization. India reduced spot trades after securing its fertilizer needs through long-term procurement contracts, which reduced pricing pressures and caused a modest price correction.

Q3 2024:

The Asian market displayed diverse trends in Q3 2024, with initial price declines driven by stock buildups caused by persistent port congestion and reduced demand after the planting season. However, prices rebounded in the latter part of the quarter owing to severe weather disruptions, including Typhoon Yagi, which caused extensive infrastructure and production challenges. The storm's impact on logistics and power supplies heightened production costs for Ammonia manufacturers. Concurrently, the onset of winter planting season activities reignited demand, fueling a recovery in market sentiment by the quarter’s end.

Q2 2024:

The ammonia market in Asia exhibited mixed trends during Q2 2024, with China experiencing both price increases and decreases. A surplus supply, driven by the resumption of major production facilities, combined with limited requirement for derivatives, exerted downward pressure. However, prices rebounded mid-quarter due to increased domestic and international demand and shipping challenges like port congestion and elevated freight costs. Limited spot availability further tightened supply, enabling traders to maintain higher profit margins. Despite these fluctuations, the market showcased a dynamic balance between supply chain constraints and demand surges, underscoring a volatile quarter.

Q1 2024:

Ammonia prices in the Asia Pacific region during quarter one of 2024 faced fluctuations, with declines observed in the early months owing to high obtainability and suppressed seasonal demand. Enhanced supplies from domestic manufacturing and sluggish fertilizer demand following the peak establishing season impacted rates. Later, deficiencies emerged in China, caused by operational disruptions and environmental restrictions in Shandong province. Despite constrained supply, demand slightly improved as preparations for barley and wheat planting began. Chinese government restrictions on fertilizer exports further impacted international trade, creating a mixed market sentiment across the region by the quarter's end.

Q4 2023:

Ammonia pricing in the Asia Pacific region remained unstable due to decreased fertilizer shipments from China, restricted market availability, and changes in feedstock prices. Strong domestic and international demand, especially from India during the Rabi crop season, initially caused Chinese ammonia prices to soar. However, in November, China banned fertilizer exports to keep domestic prices stable. This reduced demand abroad, and by December, Chinese ammonia prices had also dropped, closing the demand-supply imbalance.

This ammonia price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ammonia Price Trend

As per the ammonia price index, due to growing freight costs, limited imports, and consistent demand from the industrial and agricultural sectors, prices in Latin America spiked. Shipments were delayed due to further logistical issues caused by labor strikes at Canadian ports. In the meantime, planting operations in important agricultural areas got underway in relatively favorable conditions, although market attitude was cautious due to worries about El Niño's effect on precipitation levels. Demand estimates were impacted by anticipated decreases in planted areas as a result of dry weather projections, which further complicated the market.

This comprehensive review can be extended to include specific countries within the region.

Ammonia Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ammonia Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of ammonia pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of ammonia at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ammonia price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ammonia price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ammonia Industry Analysis

The global ammonia industry size reached US$ 79.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 120.1 Billion, at a projected CAGR of 4.50% during 2023-2032.

• Innovation in the ammonia manufacturing process is being driven by stricter environmental regulations that aim to reduce greenhouse gas emissions and environmental pollutants. This is encouraging the development of more eco-friendly technology for the production of fertilizers and refining processes for ammonia synthesis. For instance, by surpassing traditional methods and achieving a 50% Faradaic efficiency in lab testing, GenCell, an Israel-based company, has advanced the development of a green ammonia production process. In an effort to obtain a competitive advantage, GenCell is considering patenting the method in order to reduce production costs.
• Showa Denko K.K., a Japanese chemical company, achieved a breakthrough in producing low-carbon ammonia from recycled plastics at its Kawasaki Plant, emitting over 80% less greenhouse gases compared to traditional methods using fossil fuels. This achievement, validated by an ISO-certified calculation method accredited by Japan Life Cycle Assessment Facilitation Centre, establishes SDK as a pioneer in environment-friendly ammonia production.
• Ammonia is an essential part of nitrogen-based fertilizers, such as urea, ammonium sulfate, and ammonium nitrate, which are vital for plant growth and development. According to the International Energy Agency (IEA), around 70% of ammonia is used as a fertilizer only.
• The increasing employment of ammonia in various industrial processes is bolstering the market growth. It serves as a building block for plastics and polymers, such as nylon, polyurethane, and melamine. These materials are widely employed in the manufacture of automotive parts, textiles, packaging, and construction materials.
• A positive market outlook is created by the increasing use of ammonia in water treatment processes to control pH levels and remove impurities like chlorine in wastewater treatment plants. Ammonia disinfectants are used in the production of chloramines, which prevent the growth of bacteria and maintain the quality of the water throughout the distribution network. For example, the Washington Aqueduct resumed using chloramine, which is a combination of chlorine and ammonia, for disinfecting drinking water in the District of Columbia and surrounding areas. Chloramine offers long-lasting protection as water travels through the distribution system to the taps of consumers while reducing levels of disinfection byproducts.
• The growing utilization of ammonia as refrigerants in large-scale air conditioning units and industrial refrigeration systems due to its effective cooling qualities is positively influencing the market.

Ammonia News

The report covers the latest developments, updates, and trends impacting the global ammonia industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ammonia production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ammonia price trend.

Latest developments in the ammonia industry:

• In 2024, India imported more ammonia in 4 months of 2024 than in all of 2023. The nation imported 4,172 metric tons of ammonia during January to April, up from 455 tons in the same period.

Product Description

Ammonia refers to a colorless gas that is made of hydrogen and nitrogen with a characteristic pungent smell. It is synthesized through the Haber process, which lays hydrogen and nitrogen molecules over a catalyst under high pressure and temperature. It is available in different forms, including gaseous ammonia or dry ammonia gas, liquid ammonia, liquor ammonia fortis, and laboratory bench reagents, each offering distinct properties.

Ammonia is widely adopted as a fertilizer to promote effective plant growth and improve crop yields without disrupting the soil conditions. It is employed in the production of ammonium nitrate and urea, which are essential for carrying out modern farming practices. It is used in the formulation of various cleaning agents as it is capable of dissolving grease and grime effortlessly.

It is often incorporated into hair dye formulations to allow the proper penetration of color molecules, resulting in vibrant and long-lasting color. Additionally, ammonia and its derivatives are used in the production of pharmaceuticals, including antibiotics, vitamins, and other medications.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ammonia pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ammonia price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ammonia price charts ensure our clients remain at the forefront of the industry.