Green Ammonia Price Trend and Forecast

Green Ammonia Regional Price Overview

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

Green Ammonia Price Trend for Q1 of 2025

In the first quarter of 2025, green ammonia prices experienced moderate stability with subtle upward pressure influenced by robust global project developments and strengthening demand dynamics. India's growing investments, exemplified by Casale's partnership with Avaada to build the country’s largest grassroots green ammonia plant in Odisha, underscored expanding production capacity driven by renewable-powered technologies.
 

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Similarly, a Japanese consortium, including Mitsui O.S.K. Lines and IHI Corporation, advanced plans to establish a green ammonia facility in Odisha targeting exports to Japan, reflecting increasing cross-border cooperation in clean energy supply chains. These developments coincided with a broader global shift toward decarbonization, supported by renewable energy integration, advanced electrolyzer technologies, and government-backed initiatives promoting hydrogen and ammonia as sustainable fuels.

Demand from OECD markets, especially Europe and Japan, remained a critical export driver, while supply chain innovations and energy storage solutions ensured steady availability of green power to production sites. Although feedstock costs such as green hydrogen and renewable electricity remained relatively firm, they were balanced by efficiency gains and scaling benefits. Overall, the green ammonia market showed a cautiously optimistic price trend globally, reflecting ongoing investments and geopolitical efforts to secure low-carbon energy resources for hard-to-abate sectors.

Analyst Insight

According to Procurement Resource, demand for green ammonia is likely to pick up pace as offtake deals and infrastructure plans advance. India's position as a strategic export hub will continue to shape regional price dynamics in the future.
 

Green Ammonia Price Trend for Q4 of 2024

During the final quarter of 2024, green ammonia prices largely remained stable across key global markets, driven by strong project momentum, firm downstream demand, and growing international interest. A major highlight was India’s Kakinada Green Ammonia Project, which marked a significant step forward after reaching its final investment decision in August. This initiative, involving the conversion of an existing grey ammonia facility into a fully green complex, gained traction with the backing of Gentari’s round-the-clock renewable power supply from solar, wind, and storage sources.

The project’s early CertifHY pre-certification strengthened India’s position as a credible exporter to Europe under RED III compliance. While upstream availability of green hydrogen remained sufficient, rising capital investment and expanding certification frameworks helped keeping market sentiment firm. In Europe and North America, sustained policy support and decarbonization goals helped uphold demand, even as logistical and financing constraints presented occasional headwinds. Overall, the quarter was shaped by continued infrastructure execution and international cooperation, which together played a key role in reinforcing both pricing stability and confidence in the global green ammonia market.

Analyst Insight

According to Procurement Resource, In the coming months, green ammonia prices are expected to remain stable to slightly firm, supported by ongoing project developments, growing export opportunities, and steady policy-driven demand in global markets.
 

Green Ammonia Price Trend for Q3 of 2024

In the third quarter of 2024, the prices of green ammonia witnessed mixed trends globally as the commodity displayed regional pricing variations influenced by the country's environmental laws and its decolonization goals. As green ammonia is produced using renewable sources of power, its prices remain tied to the prices of renewable energy, especially solar and wind energy in emerging economies. India’s green ammonia sector faced challenges as the deadline for its inaugural tender, launched by the Solar Energy Corporation of India (SECI), was extended due to bidder queries.

The tender, part of the National Green Hydrogen Mission, sought bids for 5.39 lakh metric tonnes of green ammonia annually, with the original deadline set for July 29. However, it was extended to September 30 to allow more time for bidders to understand the complexities of the industry. Concerns over high capital expenditure and low profitability raised doubts about commercial viability. This states the nascent nature of this sector, especially in developing economies.

The growing interest in the commodity had kept the prices volatile in emerging economies with changing government policies. However, stable market dynamics were witnessed in developed regions like the United States and Europe. Overall, the prices of green ammonia displayed regional variations during the given time period.

Analyst Insight

According to Procurement Resource, the price trend of Green Ammonia is expected to maintain the same trend in the upcoming quarter, driven by the environmental policies of the region amid the growing interest in renewable energy sources.

Procurement Resource provides latest prices of Green Ammonia. 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.