Compressed Air Price Trend and Forecast

Compressed Air Regional Price Overview

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

Compressed Air Price Trend for the First Half of 2023

Asia

The market for compressed air struggled in 2023 as the demand from the downstream sectors oscillated throughout the first quarter. In addition to this, the declining cost of natural gas and support from the end-user sector added to the existing challenges for the price trend. The second quarter, however, supported the growth of compressed air prices as the cost of its constituent gases inclined gradually. The market activities were further supported by an increase in the purchasing potential of buyers, consistent demand, and improvement in the sales of automotive industries.
 

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Europe

The European markets of compressed air showcased a positive trajectory in the first quarter of 2023 as the demand for individual gases inclined. The downstream industries, such as automotive and packaging, witnessed positive growth during this quarter, raising the prices of compressed air. The second quarter, however, did not follow this trend and prices declined gradually. The major causes of this sudden fall were the challenging market dynamics, the reluctance of buyers, and the plunging economic conditions of the European countries.

North America

In North America, the prices of compressed air followed a southward trajectory as the demand sector was negatively influenced by the low number of inquiries, declining interest of consumers, and plunging market sentiments. In addition to this, the weak economic conditions of the region affected the purchasing appetite of buyers, which ultimately led to the fall in the price trend of compressed air.

Analyst Insight

According to Procurement Resource, the price trend of Compressed Air is estimated to decline in the upcoming quarters as the global demand scenario seems to be under the pressure of the weak performance of the economy.

Procurement Resource provides latest prices of Compressed Air. 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.