Ammonium Nitrate Price Trend, Index and Forecast

Track real-time and historical ammonium nitrate prices across global regions. Updated monthly with market insights, drivers, and forecasts.

Ammonium Nitrate Prices May 2026

Region	Price (USD/KG)	Latest Movement
Africa	0.83	16.9% ↑ Up
Northeast Asia	0.66	6.5% ↑ Up
Europe	0.52	13.0% ↑ Up
South America	0.26	-3.7% ↓ Down
North America	0.47	-21.7% ↓ Down

Ammonium Nitrate Price Index (USD/KG):

The chart below highlights monthly ammonium nitrate prices across different regions.

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Market Overview Q1 Ending March 2026

Africa: The ammonium nitrate prices in Africa reached 0.52 USD/KG in March 2026. The downward pricing movement registered between December and March 2026 was 16.1%. Substantial weakness in demand levels emanating from the agricultural fertilizer and mining explosives industries contributed to bearish market conditions. The increased availability of competitively priced import cargoes from Eastern European and Middle Eastern supply sources exerted significant 🏅downward pressure on prevailing African market rates during this period. Weakening upstream feedstock costs for ammonia and nitric acid in key producing countries reduced manufacturing costs, further eroding the cost base supporting prevailing regional levels.

Northeast Asia: The ammonium nitrate prices in Northeast Asia reached 0.55 USD/KG in March 2026. The upward pricing movement registered between December and March 2026 was 1.9%. Marginally firming demand from the agricultural and mining sectors provided modest support to procurement and contributed to mild bullish conditions across Northeast Asian markets during the review period. Slightly elevated upstream ammonia and nitric acid feedstock costs placed incremental upward pressure on ammonium ꦺnitrate production expenses and supported the prevailing marginal price increase. Steady import cargo availability from key supplying regions maintained adequate supply conditions and limited the extent of upward price movement throughout the quarter.

Europe: The ammonium nitrate prices in Europe reached 0.43 USD/KG in March 2026. The upward pricing movement registered between December and March 2026 was 7.5%. Active demand from the agricultural fertilizers and mining explosives markets maintained the market's activity, which in turn supported the prevailing bullish pricing conditions in the region. Higher natural gas and ammonia feedstock costs used in the manufacturing process remained high across the region, thereby maintaining upward pressure on pricing structures. Reduced output from the region due to plant maintenance schedules tightened market conditions, which in turn created healthy competition among buyers in the region. Proactive buying from the agricultural sector navigated the price during the quarter.

South America: The ammonium nitrate prices in South America reached 0.21 USD/KG in March 2026. The downward pricing movement registered between December and March 2026 was 22.2%. Sharply weakened demand from the agricultural and mining explosives sectors drove a significant reduction in procurement activity and contributed to strongly bearish market conditions throughout the review period. Abundant import cargo availability from competitively priced Eastern European and Middle Eastern supplying nations overwhelmed regional demand and intensified substantial downward pressure on prevailing South American mar♎ket rates. Considerably declining upstream ammonia and nitric acid feedstock costs reduced production expenses and eroded cost support for existing regional price levels throughout the quarter.

North America: The ammonium nitrate prices in North America reached 0.45 USD/KG in March 2026. The upward pricing movement registered between December and March 2026 was 12.5%. There was strong underlying demand for products in the agricultural fertilizer blending and mining explosives markets, which encouraged healthy levels of procurement activity for ammonium nitrate products, thereby maintaining bullish pricing conditions in North American markets throughout the review period. Increases in upstream natural gas and ammonia feed🅷stock costs significantly increased domestic production costs, thus maintaining upward pressure on prevailing regional market pricing throughout this quarter. Tighter levels of domestic production availability due to scheduled plant maintenance outages reduced supply levels and increased competition for products within industrial and agricultural markets.

Market Overview Q4 Ending December 2025

Africa: The ammonium nitrate prices in Africa reached 0.62 USD/KG in December 2025. The upward pricing movement registered between September and December 2025 was 22.3%. Tighter supply conditions, driven by limited domestic production capacity and reduced import availability, severely constrained regional quantities and were the main cause of the large price escalation. In the face of limited spot-market availability, procurement rivalry intensified amid strong demand from the mining explosives and agricultural fertilizer industries. Regional manufacturers' production costs were further increased by rising upstream ammonia and nitric acid feedstock costs. Furthermore, increased demand from the infrastructure development and quarrying sectors increased offtake pressure, and logistical difficulties in the distribution network hindered prompt replenishment.

Northeast Asia: The ammonium nitrate prices in Northeast Asia reached 0.54 USD/KG in December 2025. The upward pricing movement registered between September and December 2025 was 2.8%. The moderate price appreciation was underpinned by steady demand from the mining explosives and fertilizer blending sectors, which maintained consistent procurement activity throughout the quarter. Firm upstream ammonia and nitric acid feedstock costs provided incremental pricing support for regional producers. Controlled production output from major manufacturing facilities maintained balanced supply-demand dynamics, preventing excess market availability. Additionally, moderate consumption from the industrial chemical intermediate and water treatment segments sustained consistent offtake fundamentals, while tightening supply conditions amid periodiಞc environmental compliance-related production adjustments intensified procurement competition, maintaining moderately bullish pricing sentiment t🍎hroughout the quarter.

Europe: The ammonium nitrate prices in Europe reached 0.40 USD/KG in December 2025. The upward pricing movement registered between September and December 2025 was 6.1%. The significant price increase was largely driven by rising upstream ammonia feedstock prices, which increased production costs for local producers amid higher natural gas prices across the region. Regional supply was further constrained by tighter conditions driven by lower plant running rates due to poor energy economics. Farmers began making pre-season purchases ahead of the spring application period due to sustained demand in the agricultural fertilizer sector, which drove strong procurement activity. Additionally, limited import options constrained purchasers' sourcing flexibility and increased regulatory compliance expenses related to strict storage and handling requirements, further strengthening upward cost pressures and sustaining the positive pricing trend throughout the quarter.

South America: The ammonium nitrate prices in South America reached 0.27 USD/KG in December 2025. The upward pricing movement registered between September and December 2025 was 17.1%. The significant price surge was driven by robust demand from the mining explosives sector, which intensified procurement💖 activity amid expanding mineral extraction operations and accelerating infrastructure development projects across the region. Tightened supply conditions, driven by limited domestic production capacity and constrained import availability, further amplified upward pricing pressure. Rising upstream ammonia and nitric acid feedstock costs elevated production expenses for regional manufacturers, reinforcing bullish pricing dynamics.

North America: The ammonium nitrate prices in North America reached 0.40 USD/KG in December 2025. The upward pricing movement registered between September and December 2025 was 3.5%. The steady demand from the mining explosives and agricultural fertilizer industries, which kept procurement volumes constant throughout the quarter, supported the modest price increase. Stable production output ensured balanced supply availability throughout the distribution network, while firm upstream ammonia and nitric acid feedstock costs supported local manufacturers' pricing. Baseline offtake fundamentals were maintained by moderate consumption from the industrial blasting and quarrying categories. Furthermore, producers' careful inventory management avoided market oversaturation, and incremental increases in logistics and transportation costs strengthened delivered pricing levels. These factors combined to create moderately optimistic, yet generally stable, market conditions throughout the quarter.

Market Overview Q3 Ending September 2025

Africa: Ammonium nitrate prices in Africa declined as the ammonium nitrate price index reflected weaker procurement from the mining and agr💃icultural sectors. Stable production levels and sufficient availability across regional markets created oversupply conditions. Limited seasonal demand in fertilizer applications further pressured prices, while exportℱ opportunities remained subdued, reinforcing a bearish outlook.

Northeast Asia: In Northeast Asia, ammonium nitrate prices remained stable this quarter. The ammonium nitrate price index showed no movement as steady demand from mining and industrial explosives was balanced by sufficient domestic producꦗtion. Agricultural applications provided consistent support, while stable feedstock🍌 costs prevented major fluctuations in pricing.

Europe: Ammonium nitrate prices in Europe fell as the ammonium nitrate price index weakened due to muted fertilizer consumption during the offseason. The explosives sector also registered subdued offtake, while steady imports added to sup꧙ply availability. 🎉Easing input costs further contributed to downward pricing pressure, maintaining a softer market environment.

South America: Ammonium nitrate prices in South America regiܫstered a marginal decline. The ammonium nitrate price index reflected adequate avaღilability from both domestic output and imports, which kept supply balanced. Agricultural demand was steady but insufficient to trigger upward price movement, while limited mining procurement restrained market momentum.

North America: In North America, ammonium nitrate prices moved upward as the ammonium nitrate price index gained strength on the back of increased demand from the mining and construction explosives sectors. Seasonal agr😼icultural procu♏rement also supported consumption. Despite adequate supply, higher offtake volumes and steady downstream activity helped prices trend moderately higher through the quarter.

Ammonium Nitrate Price Trend, Market Analysis, and News

IMARC's latest publication, “Ammonium Nitrate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2026 Edition,” presents a detailed examination of the ammonium nitrate market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of ammonium nitrate at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed ammonium nitrate prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting ammonium nitrate pri🗹cing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the la𒉰test market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Ammonium Nitrate Industry Analysis

The global ammonium nitrate industry size reached USD 18.3 Billion in 2025. By 2034, IMARC Group expects the market to reach USD 25.3 Billion, at a projected CAGR of 3.56% during 2026-2034. Market growth is supported by rising demand for fertilizers in agriculture, expanding mining and quarrying activities, and the increased use of ammonium nitrate in ci🃏vil construction explosives. Stable raw material availability and advancements in safe handling and distribution are also contributing to long term market expansion.

Latest developments in the Ammonium Nitrate Industry:

• January 2025: Atlas Agro North America applied for approval to build its Pacific Green Fertilizer plant, which will house production units for hydrogen, oxygen, ammonia, nitric acid, and ammonium nitrate. The large-scale project aims to strengthen domestic fertilizer supply while integrating cleaner production methods.
   
• April 2024: Wesfarmers Chemicals, Energy and Fertilisers’ CSBP was awarded USD 32.9 million by the Federal Government to reduce greenhouse gas (GHG) emissions at its two Kwinana nitric acid ammonium nitrate (NAAN) plants. This funding will help install advanced catalysts to cut emissions by 64,000 tonnes annually and accelerate CSBP's decarbonisation efforts. The project supports Wesfarmers' goal of reducing nitrous oxide emissions by 98% by 2028 and cutting overall emissions by 30% by 2030.
   
• February 2024: Indonesia’s President Joko Widodo inaugurated an ammonium nitrate plant in East Kalimantan, built by three state-owned companies. With a 75,000-ton annual capacity, the facility enhances domestic production, reduces dependence on imports, and supports food security initiatives.

Product Description

Ammonium nitrate (NH₄NO₃) is a crystalline white solid composed of ammonia and nitric acid. Highly soluble in water, it is valued for its oxidizing properties. Industrially, ammonium nitrate is widely used in fertilizers, providing essential nitrogen for crop growth, particularly in cereal and horticultural cultivation. It is also a key component in explosives, where it is combined with fuel oil (ANFO) for mining, quarrying, and construction applications. In addition, ammonium nitrate is employed in pyrotechnics and certain specialty chemicals. Due to its reactivity and potential hazards, strict safety protocols govern its production, storage, and transportation. Its dual role as a fertilizer and explosive precursor underscores its strategic importance across agriculture and industry.

Report Coverage

Key Attributes	Details
Product Name	Ammonium Nitrate
Report Features	Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Ammonium Nitrate Price Analysis, and Segment-Wise Assessment.
Currency/Units	US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered	The current coverage includes analysis at the global and regional levels only.    Based on your requirements, we can also customize the report and provide specific information for the following countries:    Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, 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, Greece   North America: United States, Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco   The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers	Company Overview Business Description Recent Trends and Developments
Customization Scope	The report can be customized as per the requirements of the customer
Report Price and Purchase Option	Plan A: Monthly Updates - Annual Subscription Scope Historical Data for the Current Month Forecast for Next Month Total Deliverables Per Year: 12 (One Per Month) Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year Plan B: Quarterly Updates - Annual Subscription Scope Historical Data for the Current Quarter Forecast for Next Quarter Total Deliverables Per Year: 4 (One Per Quarter) Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year Plan C: Biannually Updates - Annual Subscription Scope Historical Data for the Current Half Forecast for the Next Half Total Deliverables Per Year: 2 (One Per 6 Months) Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support	360-degree analyst support after report delivery
Delivery Format	PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ammonium nitrate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ammonium nitrate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ammonium nitrate price charts ensure our clients remain at the forefront of the industry.