Nitric Acid Prices, Forecast and Historical Data | IMARC Group

Nitric Acid Price in the USA

• United States: 330 USD/MT

Nitric Acid Prices hit $330/MT in the United States in Q4 2023, due to Panama Canal delays and Red Sea attacks raising freight rates. In Europe, prices reached $170/MT due to shortages and rising ammonia costs.

The latest report by IMARC Group, titled “Nitric Acid Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Nitric Acid price trend. This report delves into the Price of Nitric Acid globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this price report an invaluable resource for industry stakeholders.

Nitric Acid Prices December 2023: 

• United States: 330 USD/MT
• Europe: 170 USD/MT

Report Offering: 

• Monthly Updates - Annual Subscription
• Quarterly Updates - Annual Subscription
• Biannually Updates - Annual Subscription

The study delves into the factors affecting Nitric Acid 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 industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It is an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report:  https://www.imarcgroup.com/nitric-acid-pricing-report/requestsample

Key Details About the Nitric Acid Price Trend- Q4 2023

The nitric acid industry experienced fluctuations driven by several key factors, prominently influenced by supply chain issues and increased demand across various sectors. A critical driver is the shortage of essential feedstock, such as ammonia and natural gas, primarily due to disruptions in supply from major exporting countries. This shortage has directly impacted the production costs of nitric acid, pushing prices upwards. Additionally, robust demand from the fertilizer sector, both domestically and internationally, has significantly contributed to the rising industry prices. For instance, heightened demand from Brazil has been a notable factor. The situation is further compounded by global trade challenges, including prolonged bottlenecks at major shipping points like the Panama Canal, which have led to delays and increased transportation costs.

Nitric Acid Industry Analysis

The global nitric acid industry size reached US$ 29.9 Billion in 2023. By 2032, IMARC Group expects the industry to reach US$ 41 Billion, at a projected CAGR of 3.60% during 2023-2032. In the last quarter of 2023, the nitric acid industry witnessed notable price variations influenced by a confluence of supply and demand dynamics, geopolitical incidents, and strategic trade decisions. Initially, a significant factor was the constrained supply of ammonia due to production issues, which directly affected the nitric acid production chain. For example, in Europe, a temporary halt in ammonia production by a major manufacturer led to a pronounced shortage in Germany, Italy, and the UK, escalating nitric acid prices significantly. The ripple effects of this shortage were felt across the industry as nitric acid is a derivative of ammonia.

Furthermore, the demand side also played a crucial role in shaping the nitric acid industry landscape. In APAC, particularly in China, the government's decision to cease additional export licenses led to a temporary surplus and subsequent price drop in the domestic industry. However, as the quarter progressed, demand from the West in anticipation of the festive season led to a recovery in prices. This recovery illustrates the dynamic interplay between supply constraints and fluctuating demand patterns, influencing nitric acid prices. The overall industry sentiment was cautious, with stakeholders closely monitoring both geopolitical developments and supply chain stability to strategize their operations effectively.

Key Points Covered in the Nitric Acid Pricing Report: 

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Nitric Acid Prices
• Nitric Acid Price Trend
• Nitric Acid Demand & Supply
• Nitric Acid Industry Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Nitric Acid Price Analysis
• Nitric Acid Industry Drivers, Restraints, and Opportunities
• Nitric Acid News and Recent Developments
• Global Event Analysis
• List of Key Players

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.

About Us: 

IMARC is a leading industry research company that offers management strategy and industry research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major industry, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Industry forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive industry intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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