Product
Nitrogen Price Trend and Forecast
Nitrogen Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Nitrogen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
In the United States, disruptions in the supply chain and high freight costs resulting from Russia's continuing war with Ukraine boosted the price of bulk nitrogen in the American market. Bulk nitrogen prices climbed by approximately 2% in the United States.
The price rose significantly in the Chinese market during the first quarter of 2022 due to many production halts associated with the Beijing Winter Olympics. Nitrogen costs have been exacerbated by the increase in upstream natural gas and fuel prices.
The Indian market saw an increase in demand for bulk nitrogen as the planting season for Zaid crops approached (summer crops). The price increased owing to a shortage of fertilizers imported from China. Prices in India were estimated at 197 USD/MT in March.
The price rose astronomically in the European market as a result of increased demand from the downstream fertilizer sector. Due to the fact that high natural gas prices are a result of Russian oil and gas import prohibitions, they operate as a deterrent to Moscow's invasion of Ukraine, and hence bulk nitrogen costs are on the rise.
Numerous South American nations rely on European exports for fertilizers, which increased demand for nitrogen and contributed to an almost 3% increase in prices in Europe during Q1 2022.
Procurement Resource provides latest prices of Nitrogen. 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.
About
Nitrogen is the lightest element in Periodic Table Group 15, also known as the pnictogens. Two atoms of the element bind to form dinitrogen, a colourless and odourless diatomic gas, at a specific temperature and pressure. Dinitrogen constitutes approximately 78 percent of the Earth's atmosphere, making it the most widely uncombined element.
Product Details
| Report Features | Details |
| Product Name | Nitrogen |
| Industrial Uses | Pharmaceuticals, Chemical, Healthcare, Transportation |
| Chemical Formula | N2 |
| Molecular Weight | 14 g/mol |
| Supplier Database | Air Liquide, Air Products Inc., Bombay Oxygen Investments Ltd, Buzwair Industrial Gases Factories, Cryomech Inc., Gulf Cryo, Linde, MVS Engineering Pvt. Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Nitrogen from Air
Under cryogenic conditions, nitrogen is produced by fractional distillation of liquid air using distillation columns. As a byproduct, oxygen is also produced.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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