Ammonium Bromide Price Trend and Forecast

Regional Price Overview

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

Ammonium Bromide Price Trend for the First Half of 2023

Asia

In the production of ammonium bromide, hydrobromic acid plays a pivotal role, and thus, its price trend depends extensively on it. The first quarter of 2023 was challenged by the depreciating costs of raw materials and bleak sentiments shown by the demand from the downstream industries. The drop in the prices was much more significant during the second quarter as the subdued demand and excess of inventories proved to be a challenge for the prices of ammonium bromide.

Ammonium Bromide Price Chart

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Europe

The ill-effects of the declining cost of raw materials and the fall in production prices were evident in the depreciating price trend of ammonium bromide during the first and second quarters of 2023. The momentum of the market was further affected by the feeble condition of the logistics and shipping sectors, causing severe disruptions in the supply chain industries. In addition to this, the cost of freight charges and a limited number of inquiries from the overseas sector led to the downfall in the price trend of ammonium bromide.

North America

The cost of production in North America suffered from the decline in the prices of feedstock materials and falling rates of natural gas and energy production. Additionally, the majority of downstream industries struggled with their number of sales and a substantial fall in the interest of domestic and international consumers in this sector. The effect of market competitiveness due to the rise in import rates was also a significant cause of the decline in the price trend of ammonium bromide.

Analyst Insight

According to Procurement Resource, the price trend of Ammonium bromide is estimated to face challenging conditions due to the weak movement of downstream industries and the falling cost of raw materials.

Procurement Resource provides latest prices of Ammonium Bromide. 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.