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Ammonia market data

Key data on global ammonia production, pricing, trade flows, and infrastructure. Some datasets are currently under active development by our research team, these are marked accordingly.

Ammonia at a glance, 2025

Key metrics on the global ammonia market, updated from public sources. Prices as of Q4 2025 / Q1 2026.

Global production
185 MT/yr
2025 estimate
Global market value
$86.9 Bn
2025 (publicly available information)
Used for fertiliser
~70 %
Of total consumption
Green ammonia market
$722 M
2025 · CAGR 58.9% to 2034
Low-emission capacity (2025)
6.7 MT/yr
Rising to 24.9 MT by 2030
China operational capacity
600k+ T/yr
NE China supply chains now complete
AM Green Kakinada FID
1.0 MTPA
FID confirmed Nov 2025 · Start H2 2026
Ammonia-capable vessels ordered
80+ ships
End 2025
The ammonia value chain
From feedstock to end use
Feedstock
Natural gas
Renewables
Coal (China)
Synthesis
Haber-Bosch
~450°C / 200 bar
Fe catalyst
Storage & transport
−33°C liquid
Pressure vessels
Pipeline / ship
End use
Fertiliser (70%)
Industrial (20%)
Energy (growing)
GREEN AMMONIA PATHWAY, ADDITIONAL STEPS
Renewable electricity
Solar / wind
Offshore / onshore
Electrolysis
PEM / ALK / SOEC
Green H₂
Green Haber-Bosch
Green NH₃
Zero-carbon
Cracking (optional)
NH₃ → H₂
~78% yield

Ammonia price indicators

Indicative regional price benchmarks for conventional ammonia. Full pricing database under active development, see Research programme for details.

Market / hub Price ($/MT) vs prev month Basis Source
US Gulf Coast (CFR) $650 ($750, 850 inland) ↑ Q4 2025 +15% CFR publicly available information
NW Europe (Rotterdam) $604 ↑ +7% m/m Sep 2025 CFR publicly available information
Middle East FOB (Saudi) $337, 670 ↑ +12% Q4 2025 FOB publicly available information
India CFR ~$454, 525 ↑ +19% Mar 2026 CFR publicly available information
Northeast Asia CFR $300, 388 ↑ +4% Q4 2025 CFR publicly available information
Africa CFR (Morocco) $590, 600 ↑ +8% m/m Sep 2025 CFR publicly available information

Green ammonia price indicators (2025, 26)

Germany CFR (Q1 2026)$860/MT
USA (Q4 2025)$782/MT
Australia (Q3 2025)$826/MT
India (Q3 2025)$737/MT
Green premium vs grey (EU)~$250, 260/MT

Price drivers to watch

European natural gas (TTF)Primary grey cost driver
Renewable electricity (LCOE)Primary green cost driver
Urea price correlationHigh (substitute product)
Freight rates (VLGC)$80, 120/MT current est.
Carbon price (EU ETS)Growing influence post-2026

FULL PRICING DATABASE, IN DEVELOPMENT

Our markets team is building a structured, open-access pricing database covering spot and contract price signals across 8 regional hubs, updated monthly. Target launch Q3 2026.

See Research R-01 for details →

Global ammonia trade

~20 million tonnes of ammonia traded internationally in 2024. Key exporters, importers, and trade corridors.

Top exporters (conventional, 2024 est.)

🇹🇹 Trinidad & Tobago
3.2, 3.6 MT
🇷🇺 Russia
~2.8 MT
🇸🇦 Saudi Arabia
~2.2 MT
🇺🇦 Ukraine
~1.5 MT
🇳🇱 Netherlands (re-export)
~1.2 MT
🇲🇾 Malaysia
~1.0 MT

Top importers (conventional, 2024 est.)

🇮🇳 India
~3.5 MT
🇺🇸 United States
~2.8 MT
🇰🇷 South Korea
~1.5 MT
🇧🇪 Belgium
~1.2 MT
🇳🇱 Netherlands
~1.1 MT
🇲🇦 Morocco
~0.9 MT
Green ammonia export corridor (emerging)ExporterImporterTarget volume (MTPA)Status
Saudi Arabia → Japan / South KoreaNEOM / ACWA PowerJERA / KEPCO1.2Active
Australia → JapanFortescue / H2UMarubeni / JERA0.5In dev
Namibia → EuropeHyphen / CWPYara / Uniper2.0Planned
India → Europe / JapanAM Green / ACMEBASF / Yara1.5In dev
Chile → GermanyHNH Energy / HyExEnBW / Uniper1.0Planned
Canada → Europe / USEverWind / World EnergyMultiple0.5In dev
Morocco → Netherlands / GermanyOCP / ChariotOCI / Yara0.8In dev

Storage & terminal infrastructure

Key existing ammonia terminal and storage capacity by region. Full port infrastructure database under active development, see Research R-02.

US total storage capacity
6.5 MT
2.9 MT coastal · 3.7 MT inland
Japan storage capacity
7.1 MT/yr
Processable at 25 turnovers/yr
Vopak ammonia terminals
6 global
Expanding for clean energy
Ammonia transported (2024)
45 MT
22% of global production
Terminal / hubLocationOperatorCapacityRole
Port of Rotterdam, OCI / VopakNetherlandsOCI / Vopak~2 MT/yrImport / re-export hub
Port of Antwerp-Bruges, Air LiquideBelgiumAir LiquideCracking pilotFirst industrial cracker operational
Jubail Industrial CitySaudi ArabiaSABIC / MaadenLarge scaleExport terminal
Houston Ship ChannelUSACF Industries / Primemax~1.5 MTImport / domestic distribution
Dalian PortChinaEnvision / COSCOUnder devFirst NH₃ bunkering in NE Asia
Jinzhou PortChinaEnvision EnergyUnder devStorage terminal + jetty for export
Freeport LNG (converted)USAVariousPlannedExport terminal development
Port of BrunsbüttelGermanyHy2B / ThyssenKruppPlannedImport + cracking hub for Germany
Port of Le HavreFranceTotalEnergiesPlannedImport terminal
Jurong IslandSingaporeKeppel InfrastructurePlannedIntegrated power + bunkering hub
Aqaba PortJordanArab Potash / ACWAPlannedExport terminal
Lüderitz PortNamibiaHyphen HydrogenPlannedGreen export terminal

PORT INFRASTRUCTURE DATABASE, IN DEVELOPMENT

Our infrastructure team is building a comprehensive database of 80+ ammonia-relevant ports, covering storage capacity, bunkering readiness, safety certifications, and investment plans. Target launch Q2 2026.

See Research R-02 for details →

Global ammonia production

Who produces ammonia, and how. Conventional production dominates; green share remains under 1% but is growing.

CountryProduction (MT/yr)Global sharePrimary feedstockNotes
🇨🇳 China~87 MT~47%Coal (dominant) + gasWorld's largest producer
🇷🇺 Russia~15 MT~8%Natural gasMajor exporter
🇮🇳 India~14 MT~8%Natural gas / naphthaNet importer despite large production
🇺🇸 USA~13 MT~7%Natural gasLargest inland distribution network
🇹🇹 Trinidad & Tobago~5 MT~3%Natural gasWorld's largest net exporter
🇸🇦 Saudi Arabia~4.5 MT~2.4%Natural gasRapid green ammonia buildout
🇮🇩 Indonesia~4 MT~2%Natural gasDomestic use (fertiliser)
Other~47 MT~25%MixedIncludes EU, Malaysia, Qatar

Ammonia as a marine fuel

Ammonia is one of the leading candidates for zero-carbon shipping. Key developments as of Q1 2026.

Ammonia-capable vessels ordered
80+ ships
As of end 2025
Ammonia to power projects
55 active
Mostly co-firing, East Asia
IMO GHG reduction target
20 % by 2030
Revised strategy
First NH₃ bunkering (Asia)
2025 Dalian
COSCO Yuantuo 1 tugboat
DevelopmentLead organisationStatusSignificance
MAN B&W ammonia two-stroke engineMAN Energy SolutionsOperationalIndustry-standard engine platform for ammonia-fuelled vessels
Wärtsilä ammonia four-stroke engineWärtsiläOperationalKey for smaller vessels and offshore applications
COSCO ammonia-fuelled tugboatCOSCO / EnvisionOperationalFirst commercial ammonia bunkering in NE Asia, Dalian 2025
Jurong Island integrated NH₃ power + bunkeringKeppel InfrastructureIn devSingapore's flagship ammonia-to-power + bunkering facility
Proton Vesta Terminal RotterdamProton / VestaIn dev2 MT/yr import hub + world-scale cracker; commissioning 2027
ThyssenKrupp Uhde / Uniper crackers (×6)ThyssenKrupp Uhde / UniperPlannedSix European cracking plants at key import ports
Air Liquide cracking pilot AntwerpAir LiquideOperationalFirst industrial-scale ammonia cracker at a European port
NYK / MOL ammonia carrier fleetNYK Line / MOLIn devDedicated large-scale ammonia carrier vessels for Japan import

All data on this page is compiled from publicly available sources including developer announcements, government publications, the publicly available information, regulatory filings, and press releases. The Ammonia Observatory does not hold proprietary data. Figures are the best available estimates as of April 2026. We welcome corrections at [email protected].