Ammonium Nitrate Price Trend

Ammonium Nitrate Prices December 2023

In North America, the market was dominated by the rise in the price of essential feedstock ammonia, which ended up impelling the production cost of ammonium nitrate due to the demand. Moreover, due to strong demand of ammonia and its derivatives ascertainment in the domestic market, it invariably kept up the costs.

The price trend for ammonium nitrate in China was $330 /MT in Q4 2023. The prices in Asia Pacific declined in the first quarter due to surplus availability of material within the Chinese market. After China’s National Development and Reform Commission (NDRC) continued to halt exports of fertilizers there is excess availability of material in the market.

Europe’s ammonium nitrate was $360 /MT in Q4 2023. The regions ammonium nitrate market is witnessing downward trajectory throughout the fourth quarter of 2023 due to the surplus availability of the material in the market, coupled with lackluster demand from the prominent downstream user fertilizer industry.

Ammonium Nitrate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ammonium Nitrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ammonium nitrate 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 ammonium nitrate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ammonium nitrate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ammonium nitrate 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.

Ammonium Nitrate Market Analysis

The global ammonium nitrate market size reached US$ 17 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 23.9 Billion, at a projected CAGR of 3.90% during 2023-2032.

• One of the commonly used fertilizers is ammonium nitrate as it offers nourishment to the plants and the enhancement of crops produce due to its excessive nitrogen.
• To keep up with a population of over 9.7 billion people predicted to inhabit the world by the year 2050, the demand for the product is projected to swell considerably.
• It is also commonly employed and a vital component in various sectors such as explosives and some foods.
• The manufacturing of ammonium nitrate is witnessing a surge as it is a critical aid in several industries since. It is largely used to produce explosives, which are used in various activities such as building bridges, roads, and tunnels.
• Mining firms employ this vital material during their operations including excavation and blasting.
• In addition, several administrations throughout the world are aiming to enhance the agriculture sector through earnings, policies, and fertilizer subsidies.
• The continuous technological improvements make the production method less expensive, making it more commercially attractive.
• In addition, the market size is expanding as countries around the world are shifting their focus on nitrogen-based fertilizers due to the environmental risks associated with the substantial use of phosphorous-based fertilizers, which is boosting the market growth.
• Furthermore, as the use of biofuels derived from maize and sugarcane grows further, fertilizer use is expected to climb to assure that crop output is maximized.
• Additionally, the prices of other production items for the production of the fertilizer, namely natural gas, ammonia, and freight, are the factors that affect the price of ammonium nitrate directly.
• The supply chain is at risk because of the ongoing political instability in the responsible regions and disruption of the transportation routes.
• The environmental damage provoked by the runoff of nitrogen-based fertilizers into the water reservoirs and lakes leads to new policies promoting ecologically friendly practices.
• Increasing consumer acceptance of organic products has surged the practice of organic farming, which uses natural fertilizer rather than synthetic fertilizer like ammonium nitrate.
• Rapid urbanization is increasing the demand for infrastructure and food, which is further escalating the demand for chemicals to increase agricultural production.

Ammonium Nitrate News

The report covers the latest developments, updates, and trends impacting the global ammonium nitrate market, 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 ammonium nitrate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ammonium nitrate price trend.

Latest developments in the ammonium nitrate industry:

• In May 2023, Yara International announced to build a new global production plant for specialty crop nutrition products and biostimulants designed to increase yields and improve quality. The plant will be one of the largest across the world for these products, which are crucial for achieving food security and combating climate change.
• In February 2022, EuroChem Group AG announced that it has entered exclusive negotiations to acquire the nitrogen business of the Borealis group after having submitted a binding offer.

Product Description

Ammonium nitrate is a chemical compound with the formula NH4NO3, which includes ammonium ions and nitrate ions. It is generally produced by reacting ammonia gas with nitric acid, which results in the production of ammonium nitrate NH4NO3 and water.

In agriculture, ammonium nitrate is generally used as a fertilizer based on nitrogen that provides the necessary nutrients for successful growth and enhanced harvests. Its high content of nitrogen improves folium growth and leads to strong and healthy plants. It is also used in the explosives industry as a component of certain explosives used in mining, construction, and other fields.

It is suitable for explosives since it releases oxygen when heated. Among the advantages of this compound is the fact that it is water-soluble, which means it can be used in fertilizing plants using the irrigation method or via spray equipment. Additionally, it is relatively cheap in comparison to other nitrogen-containing fertilizers.

Regional Coverage

The report provides a detailed analysis of the ammonium nitrate 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 ammonium nitrate price trend.

Global Ammonium Nitrate Price

The report offers a holistic view of the global ammonium nitrate pricing trends in the form of ammonium nitrate 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 ammonium nitrate 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 ammonium nitrate 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 Ammonium Nitrate Price

The European ammonium nitrate market is projected to witness a downward trajectory throughout the fourth quarter of 2023 due to the surplus availability of the material in the market coupled with lackluster demand from the prominent downstream user fertilizer industry. At the beginning of this quarter buyers were closely observing nitrogen prices as some speculate prices might drop in the coming months. The next periodic demand window will open in Spring 2024, so they were in no rush to purchase Ammonium Nitrate at present.

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

North America Ammonium Nitrate Price

The North American ammonium nitrate market was driven by significantly increased prices in the first month of the fourth Quarter. The market was also impacted by the rising price of essential feedstock ammonia, which led to an increase in the manufacturing cost of ammonium nitrate. Additionally, the low availability of material within the regional market led to a surged price of ammonia within the country.

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

Middle East and Africa Ammonium Nitrate Price

The analysis of ammonium nitrate prices in the Middle East and Africa provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

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

Asia Pacific Ammonium Nitrate Price

Asia Pacific ammonium nitrate market showcased mixed market trends for the third quarter ending in September 2023. The costs of Chinese ammonium nitrate declined in the month of July 2023 in the wake of reduced purchasing activities from the domestic and international fertilizer market. However, the price of upstream raw coal and liquid ammonia market was burgeoned, and the price trend of the nitric acid market was falling back. Moreover, in August 2023, the prices saw a significant increase and continued to rise through September.

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

Latin America Ammonium Nitrate Price

The analysis of ammonium nitrate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

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

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ammonium nitrate 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 ammonium nitrate 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 ammonium nitrate price charts ensure our clients remain at the forefront of the industry.