Ammonium Chloride Price In USA
- United States: 315 USD/MT
In Q4 2023, ammonium chloride prices in the USA dropped to 315 USD/MT due to oversupply, delayed exports, high freight charges, and weak demand from international markets, particularly Brazil.
The latest report by IMARC Group, titled " Ammonium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Prices. This report delves into the price of ammonium chloride globally, presenting a detailed analysis, along with informative Ammonium Chloride Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Ammonium Chloride Prices Analysis
- China: 90 USD/MT
- Europe: 525 USD/MT
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The study delves into the factors affecting ammonium chloride price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/ammonium-chloride-pricing-report/requestsample
Ammonium Chloride Price Trend Last Quarter
The use of ammonium chloride in fertilizers as a source of nitrogen for agriculture is the main factor driving the global market for the chemical. Farmers like ammonium chloride because it increases crop output and soil fertility, especially in areas with extensive agricultural activity. Growing need for increased agricultural production is driving market expansion. Its usage in the pharmaceutical sector, where it is an expectorant in cough medications, is another important factor.
The need for efficient pharmacological therapies is being driven by the rising incidence of respiratory illnesses. Ammonium chloride is used in the metalworking industry, mostly for electroplating and as a flux to prepare metals for soldering, galvanizing, and tinning.
The market is expanding because of the increasing demand for leather items brought on by people's rising income levels. Furthermore, the development of environmentally acceptable ammonium chloride production techniques is being aided by sustainability concerns and environmental legislation.
Ammonium Chloride Industry Analysis
In 2023, the ammonium chloride market was valued at US$ 1.4 billion globally. IMARC Group projects that the market would reach US$ 2 billion by 2032, growing at a predicted CAGR of 4.20% between 2023 and 2032. Several obstacles that affected pricing were faced by the North American ammonium chloride industry in the fourth quarter of 2023. The market was oversupplied with ammonium chloride due to an excess supply, postponed exports, and expensive freight costs.
Prices decreased as a result of the shrinking gap between supply and demand caused by this surplus supply. In addition, the end of the USA's fertiliser season and a decline in demand from other markets, especially Brazil, added to the downward pressure on prices. Additionally, in Q4 of 2023
The Chinese market's oversupply crisis was a major factor in this downfall. In addition, a number of issues that the European ammonium chloride market encountered in Q4 of 2023 led to a drop in pricing. As the planting season came to an end, the fertilizer industry's demand stayed muted. Furthermore, there was an abundance of ammonium chloride on the world market, creating a glut that increased competition and drove down costs throughout Europe.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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