Ammonium Bicarbonate Price Trend and Forecast

Ammonium Bicarbonate Regional Price Overview

Get the latest insights on price movement and trend analysis of Ammonium bicarbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ammonium Bicarbonate Price Trend for the First Half of 2023

Asia

The production process of ammonium bicarbonate is dependent on ammonia and carbon dioxide, and thus, they dictate its price trend. The Asia-Pacific region witnessed poor trading activities and a fall in demand from the fertilizers sector in the first quarter of 2023. The second quarter also followed the same trend as with weak support from the feedstock industries and a fall in market momentum, the price trend of ammonium bicarbonate found it difficult to grow. Further, the persistent decline in the demand from urea and nitrogen industries widened the supply-demand gap in Asian countries.
 

Ammonium Bicarbonate Price Chart

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Europe

The downfall in the cost of natural gas and the fall in procurement rates from the nitrogen derivatives sector kept the prices of ammonium bicarbonate in the negative zone. Further, the demand fell not only in the domestic sector but also from the overseas industries, which proved to be a major setback for the prices of ammonium bicarbonate. In addition to this, Russian supplies were further hampered by the blast in the pipeline system that eventually degraded the overall market sentiments of ammonium bicarbonate.

North America

The decreasing interest of consumers in the ammonium bicarbonate industries was well evident in the demand rates, which indicated the southward trajectory being followed by the ammonium bicarbonate prices. The region also faced struggles in maintaining its market momentum due to the excess of supply and constantly rising Federal Reserve rates. In addition to this, the volatility in the upstream crude oil and natural gas prices affected the functioning of the ammonium bicarbonate market adversely.

Analyst Insight

According to Procurement Resource, the price trend of Ammonium bicarbonate is estimated to follow a declining trend as the demand from the end-user industries is struggling due to the weak movement of the global economy.

Procurement Resource provides latest prices of Ammonium Bicarbonate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.