Liquid Carbon Dioxide Price Trend

Liquid Carbon Dioxide Prices June 2024

The liquid carbon dioxide prices in the United States for Q2 2024 reached 740 USD/MT in June. The market experienced significant price shifts in the country, maintaining an optimistic trend during Q2 2024. Operational issues, such as Air Liquide Industrial US LP's shutdown in Louisiana on account of flooding, tightened supply, driving hikes in prices. Despite occasional variations brought on by operational difficulties and setbacks due to turbulent weather conditions, the general trend demonstrated steady upward movements.

The price trend for liquid carbon dioxide in Japan for Q2 2024 settled at 270 USD/MT in June. The country witnessed substantial price fluctuations due to strong requirement and limited supplies. Prices rose steadily, particularly during the second part of the quarter, fueled by increased requirement for industrial applications and in the beverages sector. Seasonality and supply network disruptions contributed to this upward trend, with a quarterly hike in prices recorded.

In Germany, the liquid carbon dioxide prices for Q2 2024 reached 200 USD/MT in June. Prices in the country have been notably active, with significant price shifts. Seasonal demand hikes, in the carbonated beverages industry in particular, and supply networks disruptions influenced the market. The quarter ended with a significant rise in prices compared to the preceding period. Strong requirement, low supplies, and higher manufacturing costs have supported a favorable pricing trend for the second quarter of 2024.

Liquid Carbon Dioxide Prices December 2023

The liquid carbon dioxide prices in the USA for Q4 2023 reached 660 USD/MT in December. The market saw price increases driven by a hike in the cost of natural gas and increasing consumption across the food packaging and beverage industries. Constrained inventories posed supply challenges, and rising interest rates further affected manufacturing expenses. Despite this, the steady need for carbonated drinks supported a positive outlook for future growth.

The price trend for liquid carbon dioxide in Japan for Q4 2023 reached 240 USD/MT in December. The market experienced a decline, with prices falling owing to reduced demand from downstream industries and lower natural gas costs. Subdued market activity, particularly in the packaging and beverage industries, linked with a less positive industrial outlook, contributed to the bearish pricing trend observed during this period.

The liquid carbon dioxide price trend in Belgium for Q4 2023 reached 225 USD/MT in December. Belgium saw price drops, influenced by reduced production rates and an overall decline in demand. Ample inventories and a dip in natural gas prices eased supply concerns during the winter season. The destocking trend and decreased manufacturing activity further contributed to the downward pressure on prices in the region.

Regional Coverage

The report provides a detailed analysis of the liquid carbon dioxide 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 liquid carbon dioxide price trend.

Global Liquid Carbon Dioxide Price

The report offers a holistic view of the global liquid carbon dioxide pricing trends in the form of liquid carbon dioxide 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 the current price but also provides insights into liquid carbon dioxide historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into liquid carbon dioxide 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 liquid carbon dioxide 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 Liquid Carbon Dioxide Price

Q2 2024:

In Q2 2024, prices of liquid carbon dioxide in Europe have shown a steady upward trend. Factors contributing to this include strong requirement from various sectors, including food processing and carbonated drinks. Increased net-long holdings in Dutch gas futures signal supply concerns in spite of the summer season. Supply network issues, such as congestion at key terminals and turbulent weather, further intensified pressures on overall prices. In addition to this, naphtha impacted manufacturing costs, affecting the prices of liquid carbon dioxide. These elements have combined to create a positive pricing environment across the European market for liquid CO2.

Q4 2023:

The European market was influenced by a reduction in operational costs, lowered construction costs, and easing capacity concerns. High inventory levels and a destocking trend across the Eurozone led to weaker production action. Additionally, financial market positions on natural gas futures, reflecting ample inventories and reduced supply concerns, contributed to a price decline. Despite these challenges, Europe appeared well-prepared to manage winter supply issues without major disturbances. As a result, the overall market experienced lower prices. Belgium, in particular, saw prices fall, influenced by reduced natural gas prices and a more cautious demand outlook.

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

North America Liquid Carbon Dioxide Price

Q2 2024:

During the second quarter of 2024, the North American liquid carbon dioxide market saw a significant price rise due to key factors. Strong need from the beverages and carbonated drinks sectors, fueled by seasonal shifts and heightened consumer activity, was a primary driver. Supply chain disruptions, worsened by international operational challenges and elevated transportation rates, further propelled prices upward. Additionally, higher natural gas prices directly influenced production costs, adding to the overall price increase for liquid carbon dioxide. These combined elements shaped a period marked by increasing prices in the North American market.

Q4 2023:

During the Q4 of 2023, the North American market exhibited a mixed performance. Prices surged initially, driven by rising natural gas costs and rising needs from sectors such as food packaging and carbonated beverages. While production prices stayed reasonable, the market encountered disputes with restricted stocks to meet the regional demand. As the quarter progressed, rising interest rates further impacted manufacturing expenses, placing additional pressure on consumers. However, the steady demand from the beverage sector suggested stability in the market, hinting at a potentially favorable outlook moving forward.

Specific liquid carbon dioxide historical data within the United States and Canada can also be provided.

Middle East and Africa Liquid Carbon Dioxide Price

The report explores the liquid carbon dioxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Liquid Carbon Dioxide Price

Q2 2024:

Liquid carbon dioxide prices in Asia Pacific witnessed a largely favorable pricing trend throughout the second quarter of 2024, influenced by numerous factors. Rising requirement for industrial uses and carbonated drinks, driven by warmer weather conditions and increased consumption, played a significant role. Supply network challenges, such as delays and operational obstacles, also increased market pressure, supporting price increases. Higher costs of liquefied natural gas, a major raw material for liquid carbon dioxide, also contributed to rising production expenses. Seasonal demand spikes due to festivals and extreme summer temperatures further added upward pressure, creating a strong pricing environment.

Q4 2023:

The Asia-Pacific region experienced a downward trend in the fourth quarter of 2023. A slowdown in export volumes and a small supply chain performance, combined with suppressed requirements both domestically and globally, influenced market conditions. The packaging and beverage industry maintained steady demand levels, but declining natural gas rates led to lower production costs and, subsequently, falling prices. The need from carbonated drinks manufacturers remained less optimistic, adding to the market's bearish sentiment. In Japan, the market saw a notable price decline due to reduced demand and lower feedstock costs, reflecting the overall disputes in the region during this period.

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

Latin America Liquid Carbon Dioxide Price

The analysis of liquid carbon dioxide 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.

Liquid Carbon Dioxide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Liquid Carbon Dioxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of liquid carbon dioxide 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 liquid carbon dioxide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of liquid carbon dioxide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing liquid carbon dioxide 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.

Liquid Carbon Dioxide Market Analysis

The global liquid carbon dioxide market size reached 8.4 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach 13.4 Million Tonnes, at a projected CAGR of 5.30% during 2023-2032.

• Presently, with the growing consciousness among the masses, environmental regulations are becoming stricter, pushing industries to adopt more sustainable practices. Besides, governments and environmental agencies worldwide are promoting CCS techniques as part of their efforts to mitigate climate change, driving the demand for liquid CO₂.
• The food and beverage industry is also a significant consumer of liquid CO2 as it utilizes it for carbonation of soft drinks, beers, and sparkling waters. The growing global population and rising consumer demand for convenience foods which is expected to reach US$ 782.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.47% as stated by the IMARC Group are driving the expansion of the food and beverage sector, thereby increasing the demand for liquid CO2. Liquid CO2 is also used in food processing and preservation techniques, such as chilling and freezing, which require rapid cooling properties to maintain freshness and extend shelf life.
• Moreover, liquid CO₂ is used in the healthcare and pharmaceutical industries for cryotherapy and surgical procedures and for the manufacturing of medicinal products. It is widely used in supercritical CO₂ extraction, a method employed to purify or separate components of medicinal plants. The expansion of the healthcare sector, driven by aging populations and the increasing prevalence of chronic diseases, along with the growing pharmaceutical industry, fuels the demand for high-purity liquid CO2. According to the WORLD HEALTH ORGANIZATION, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. Moreover, by 2050, the geriatric population aging 60 years and older will double and reach 2.1 billion.

Liquid Carbon Dioxide News

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

Latest developments in the liquid carbon dioxide industry:

• In 2023, Air Liquide announced that it will build one of Europe’s largest carbon capture and storage unit at its hydrogen production plant in Rotterdam, the Netherlands, utilizing its Cryocap technology.
• In April 2023, Linde signed a long-term agreement with ExxonMobil for off-take of CO2. As per the agreement, ExxonMobil will transport and store 2.2 million metric tons of CO2 annually from Linde’s hydrogen production plant.

Product Description

Liquid carbon dioxide (CO2) is the condensed form of carbon dioxide gas, made by compressing and cooling it to a temperature below 31.1°C (87.98°F) and a pressure above 5.1 atmospheres (73.8 psi). At standard atmospheric pressure, carbon dioxide undergoes a phase change from gas to liquid at approximately -78.5°C (-109.3°F).

Liquid carbon dioxide is widely used as a refrigerant in the food and beverage industry for freezing and chilling food products such as vegetables, meats, and seafood rapidly and preserving their freshness and quality. Besides, it is used for cleaning and degreasing machinery and equipment in manufacturing operations and removing contaminants from surfaces and components. Moreover, in the medical industry, liquid CO₂ is used for cryotherapy treatments, where it is applied topically to freeze and remove skin lesions, warts, and tumors. Cryotherapy is also utilized in dermatology for cosmetic procedures such as removing age spots, moles, and skin tags.

Report Coverage

Key Benefits for Stakeholders:

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