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Helium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23664
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Helium Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Helium | Specialty Chemical | India | 94,533 USD/MT |
The price of helium in India experienced a mixed sentiment during the last quarter of 2023. In the initial two months of the final quarter, prices rose steadily, whereas in the last month they declined slightly. This trend is attributed to supply chain disruptions, increased demand from various sectors, and geopolitical tensions. Finally, the prices of helium settled at 94,533 USD/MT in December 2023.
Helium Price Trend, Market Analysis, and News
IMARC's latest publication, “Helium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the helium market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of helium at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed helium price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting helium pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Helium Market Analysis
The global helium market size reached 170 million cubic meters in 2023. By 2032, IMARC Group expects the market to reach 223.8 million cubic meters, at a projected CAGR of 3.10% during 2023-2032.
- Helium gas is extensively used in the medical sector to cool the superconducting magnets in magnetic resonance imaging (MRI) machines to extremely low temperatures. This enables the production of powerful magnetic fields, which are essential for producing high-resolution images of the internal human body parts. The prevalence of chronic ailments is growing worldwide. Based on the Centre for Disease Control and Prevention (CDC) report, 6 out of 10 adults in the United States are suffering from chronic conditions. And 4 in 10 individuals have more than two chronic diseases. Aside from this, approx. 21% of the geriatric people in India have at least one chronic disease. Also, 17% of geriatric adults in rural areas and 29% in urban areas suffer from at least one chronic disease. This trend has elevated the demand for diagnostic imaging procedures like MRI and, in turn, helium.
- The semiconductor sector relies heavily on this substance because of its inert properties and ability to act as a cooling agent. Helium is used to maintain the purity of the environment and prevent contamination during etching, deposition, and other delicate processes. It is also vital for cooling semiconductor lasers and in the plasma etching process. Based on the Semiconductor Industry Association (SIA), the worldwide sales of the semiconductor industry stood at USD 46.2 billion during the month of February 2024, which is a 16.3% increase compared to the same time period last year.
- This lightweight gas is also extremely useful in the defense industry for a variety of high-tech applications. Its low boiling point and inert properties make it ideal for preserving the cryogenic temperatures required to store liquid hydrogen and oxygen, which are utilized as rocket propellants. It's also used in missile guiding systems and infrared detectors. As investment in the defense sector increases, demand for this gas will increase. According to the Stockholm International Peace Research Institute, worldwide military expenditure would reach US$ 2443 billion in 2023, representing a 6.8% increase. Also, during the same year, the average military spending as a percentage of total government spending increased by 0.4%.
- Aside from this, bulk helium is commonly employed in welding and metal production applications. It serves as a shielding gas for gas tungsten arc welding (GTAW) and gas metal arc welding (GMAW). It shields the weld pool from air pollution, resulting in high-quality welds. Furthermore, its inertness prevents oxidation and other reactions that could weaken the weld.
Helium News
The report covers the latest developments, updates, and trends impacting the price of helium, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the helium price trend.
Latest developments in the helium industry:
- In July 2023, Linde Plc, a leading producer of helium, announced that it will invest $1 billion in India to expand its operations over 3-5 years.
- In January 2023, Iwatani Corporation acquired Aspen Air US, a leading manufacturer and distributor of bulk liquid industrial gases, to enter the US market.
Product Description
Helium is a very pure, tasteless, odorless, colorless, and inert gas that is not hazardous in nature. It is obtained from natural gas sources and is available in a variety of purity levels to meet the needs of various industries. It is also the second lightest element in the periodic table, with an atomic number of 2. This element mostly remains in a gaseous state except at extremely low temperatures of -268.93°C (-452.07°F), where it becomes a liquid. The key physical properties of this gas are boiling point (-268.93°C (-452.07°F)), melting point (-272.2°C (-458°F) at 2.5 MPa), and density (0.1786 grams/liter).
It is commercially produced in several steps, such as extraction from underground reserves, cryogenic distillation, purification, and liquefaction for easier transport and storage. It is employed in gas chromatography, welding, nuclear reactors, semiconductor production, leak detection, academic research, magnetic resonance imaging (MRI), and party balloons. This gas is a versatile substance that is lauded for its purity, non-toxicity, chemical inertness, and effective cooling.
Regional Coverage
The report provides a detailed analysis of the 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 FOB and CIF prices, as well as the key factors influencing the helium price trend.
Global Helium Price
The report offers a holistic view of the global helium pricing trends in the form of helium 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 levels but also provides insights into historical price of helium, 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 helium 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 Helium Price
European helium prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
Detailed price information for helium can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Helium Price
The analysis of helium prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.
Specific helium historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Helium Price
The report explores the helium pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Helium Price
The helium price in the Asia Pacific region saw a mixed trend during the Q4 of 2023. This is caused by an imbalance between supply and demand because of disruption in Red Sea trade. Also, the growing demand for this gas from the healthcare, technology, and manufacturing sectors further impacted the price.
This helium price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Helium Price
The analysis of helium prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Helium |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Helium Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of helium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting helium price trend, including input costs, supply-demand shifts, and geopolitical impacts, 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 helium price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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