Carbon Dioxide Price Trends and Forecast

Carbon Dioxide Regional Price Overview

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

Carbon Dioxide Price Trend for the Q1 of 2024

Asia

Throughout the first quarter of 2024, the prices of carbon dioxide oscillated as the key drivers of the market showcased several uncertainties. Primarily, the fall in natural gas prices and slow demand from the downstream industries, along with the subdued economic outlook of major Asian countries, had a negative influence on the pricing trajectory of carbon dioxide. The LNG inventories and bleak outlook of European buyers also contributed to this southwards trend of the prices.
 

Carbon Dioxide Price Chart

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The effects of these factors were much more pronounced in the Japanese markets, with the market reporting month-on-month price fluctuations. Further, the Red Sea crises, increased lead times, and freight charges made the other overseas buyers hesitant, which was evident in the market momentum of carbon dioxide during Q1 of 2024.

Europe

The delays in the arrival of Asian shipments, their redirection via the Cape of Good Hope route due to Houthi attacks, and the surge in trade fares depreciated the overall outlook of the carbon dioxide market during the first quarter of 2024. The surge in production costs carried over from the last quarter and unresolved issues of the energy market amid the escalating geopolitical tensions between Israel and Hamas further contributed to the grim conditions of the European carbon dioxide market in Q1 of 2024.

North America

In North America, the beverage industries supported a slight stabilization of carbon dioxide prices during the Jan-Mar quarter of 2024. Although the surge in production costs and limited availability of raw materials exerted negative pressure on consumer budgets, even then, the carbon dioxide prices were able to sustain above the expectations of market viewers, unlike European and Asian countries.

The manufacturing sector ran smoothly during this time, stabilizing the supply-demand equilibria. Additionally, as compared to the last quarter, the improvement percentage in the first quarter was quite significant given the current global trading conditions.

Analyst Insight

According to Procurement Resource, the price trend of Carbon Dioxide is expected to be influenced by the global demand from the beverages sector and the measures taken by the trading sector to deal with ongoing geopolitical tensions.

Procurement Resource provides latest prices of Carbon Dioxide. 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.