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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, 2026

Key metrics on the global ammonia market, updated from public sources. Prices as of Q1/Q2 2026.

Global production (2025 est.)
198 MT/yr
2025 estimate
Global market value (2025)
$92 Bn
2025 (publicly available information)
Used for fertiliser
~70 %
Of total consumption
Green ammonia market (2026 est.)
$2.8 Bn
2025 · CAGR 58.9% to 2034
Low-emission capacity (2026 est.)
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
100+ 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

Offtake agreement tracker

Every publicly disclosed green and low-carbon ammonia offtake agreement in one searchable database — binding contracts, MoUs, term sheets, and letters of intent.

Agreements tracked
23
Binding contracts
9
Total contracted volume
~7.6 MTPA
Earliest first delivery
2025
Buyer Seller / project Volume Delivery Tier
Air Products NEOM Green Hydrogen (Saudi Arabia) 1.2 MTPA 2027 Binding
Uniper AM Green Ammonia (India, Kakinada) ≤0.5 MTPA 2028 Binding
Air Products / Yara Louisiana Clean Energy Complex (USA) 2.8 MTPA H₂→NH₃ 2030 Term sheet
CF / JERA / Mitsui JV CF Industries Blue Point (USA) 1.1 MTPA 2029 Binding
Yara Clean Ammonia ACME Cleantech (Oman) 0.1 MTPA 2027 Binding
View all 23 agreements →

Ammonia price indicators

New tool
LCOA Calculator — model your own green, blue, and grey ammonia costs
Full parameter control · sensitivity analysis · scenario comparison
Open calculator →

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) $608 ↑ steady Q1 2026 CFR publicly available information
NW Europe (Rotterdam) $679 ↑ +11% yr/yr Nov 2025 CFR publicly available information
Middle East FOB (Saudi) $438 ↑ +8% yr/yr Nov 2025 FOB publicly available information
India CFR ~$460 ↑ Q1 2026 seasonal demand CFR publicly available information
Northeast Asia CFR $492 ↑ +17% m/m Nov 2025 CFR publicly available information
Africa CFR (Morocco) $674 ↑ +11% yr/yr Nov 2025 CFR publicly available information

Green ammonia price indicators (Q1 2026)

Germany CFR (Q1 2026)$860/MT
Canada CFR (Q1 2026)$875/MT
USA (Q1 2026)$807/MT
Australia (Q1 2026)$856/MT
India (Q1 2026)$722/MT
Green premium vs grey (EU)~$380–$560/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.
CBAM (live Jan 2026)$50–$200/MT on grey imports
Carbon price (EU ETS)€75/tCO₂ (Q1 2026 certificate)

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 Q4 2026.

See Research R-01 for details →

Global ammonia trade

~16.6 million tonnes of anhydrous ammonia traded internationally in 2024, partially recovering from 2022–23 lows. Key exporters, importers, and trade corridors.

Top exporters (conventional, 2024, UN Comtrade)

🇹🇹 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, UN Comtrade)

🇮🇳 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. Now in active build-out. Extended to Q3 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

New
Shipping Routes Map — realistic maritime routing for 12 green ammonia corridors
Voyage distances · transit times · freight estimates · bunkering readiness · year slider 2025–2030
Open route map →

Fleet orderbook, bunkering infrastructure, port readiness, and the regulatory environment shaping ammonia's role as a zero-emission marine fuel. Data as of June 2026.

Ammonia-fuelled vessels ordered
100+ as of mid-2026
First commercial bunkering
2025 Dalian & Rotterdam
IMO NZF decision
Dec 2026 MEPC 85
WinGD X-DF-A orders
~30 engines

Ammonia-fuelled vessel orderbook (selected, mid-2026)

Vessel / programme Owner / operator Engine Type Delivery Status
CMB.TECH / Fortescue NewcastlemaxCMB.TECH / BocimarWinGD X-DF-A210k DWT bulk carrierEnd 2026Under construction
K Line / Nihon Shipyard NewcastlemaxK Line / ITOCHU / NS UnitedMAN B&W 7S60ME-LGIA200k DWT bulk carrier2026Under construction
Yara Eyde container vesselYara / North Sea Container LineCMB.TECH dual-fuelContainer feederMid-2026Under construction
Eastern Pacific Shipping VLACs (×6)Eastern Pacific ShippingMAN ES93,000 cbm gas carrier2026–28Under construction
MOL / CMB.TECH Capesize bulkers (×3)Mitsui O.S.K. Lines / CMB.TECHWinGD X-DF-ACapesize bulk carrier2026–27Under construction
MOL / CMB.TECH chemical tankers (×6)MOLCT / CMB.TECHWinGD X-DF-AChemical tanker2026–29Under construction
Tianjin Southwest LPG/NH₃ carriers (×7)Tianjin Southwest ShippingWinGD X52DF-A25–41k cbm gas carrierQ3 2026Under construction
Grieg Maritime bulk carriers (×4)Grieg MaritimeCSSC / ammonia-ready82,300 DWT open hatch2026Delivered / delivering
Fortescue Green PioneerFortescue / Anglo-EasternMAN ES retrofitOre carrier (converted)OperationalOperational
COSCO Yuantuo 1 ammonia tugCOSCO / EnvisionAmmonia enginePort vessel (5,500 HP)2025Operational

Ammonia bunkering infrastructure: port readiness (mid-2026)

Port Country Readiness status Key milestone Target timeline
Port of RotterdamNetherlandsPRL 6 — project-by-projectShip-to-ship pilot completed Apr 2025 (800 m³ transfer, Trammo / OCI / James Fisher). Commercial bunkering now permitted on project basis.Open market bunkering 2027
Port of SingaporeSingaporePRL 6–7 — FEED underwayKeppel-led consortium awarded FEED for ammonia power and bunkering (Oct 2025). Technical Reference for Ammonia Bunkering published Q2 2026.Trials 2026–27
Dalian PortChinaOperational — truck-to-shipWorld's first green marine ammonia bunkering (Jul 2025). Envision green NH₃ from Chifeng bunkered COSCO Yuantuo 1. First port capable of 4-fuel bunkering (LNG, biofuel, methanol, green NH₃).Operational now
Yokohama / Tokyo BayJapanDemonstration phaseTruck-to-ship ammonia bunkering demonstrated. Japan ordered first dedicated ammonia bunkering vessel for 2027 delivery.Commercial 2027–28
Port HedlandAustraliaPlannedConsortium developing ammonia bunkering hub for the Pilbara–East Asia iron ore corridor. Ship-to-ship pilot conducted at Ngqura (South Africa) in 2025 for Pilbara route preparation.2029–30
Ngqura (Coega)South AfricaPilot completedShip-to-ship ammonia transfer demonstrated 2025 as part of South Africa–Europe corridor readiness work.Ongoing development
Port of BrunsbüttelGermanyPlanned — import + crackingRWE import terminal planned. ThyssenKrupp Uhde / Uniper framework for up to 6 large-scale cracking plants at European ports.2027–28
Florø, NorwayNorwayTerminal approvedNorway approved construction of first ammonia bunkering terminal. North Ammonia / Azane floating bunkering barge concept under development. Yara and Azane safety-approved at Fjord Base.2026–27
Kandla PortIndiaPlannedDeendayal Port Authority positioning Kandla as green fuel bunkering hub on Singapore–Rotterdam corridor. AM Green / Reliance ammonia projects at site.2028–30

Key ammonia shipping corridors (emerging green routes)

Corridor Exporter Importer / end-user Target volume (MTPA) Status
India → Germany / NetherlandsAM Green / Hygenco / ACMEUniper (500k t/yr signed), Yara, BASF1.0+Contracts signed; production 2027–28
Saudi Arabia → Europe / AsiaNEOM / ACWA Power / Air ProductsAir Products; Yara distribution (negotiations)1.2Commissioning 2027
Namibia → Germany / JapanHyphen Hydrogen Energy (ENERTRAG / Nicholas Holdings)RWE (300k t/yr MoU), Yara1.0Feasibility phase to end-2026; Ph.1 target 2028
Australia (Pilbara) → Japan / South KoreaFortescue / H2U / WoodsideMarubeni / JERA0.5+In development; FID not yet reached
Northeast China → JapanEnvision Energy (Chifeng)Marubeni (offtake signed)0.3+Operational — exports began Q4 2025
Morocco → Netherlands / GermanyOCP / Chariot EnergyOCI / Yara0.8In development
Canada → Germany / UKEverWind Point TupperUniper / E.ON0.24Construction 2026; first supply 2028

Regulatory environment: key frameworks (mid-2026)

Framework Scope Status Ammonia relevance
IMO Net Zero FrameworkGlobal; ships >5,000 GTApproved MEPC 83 (Apr 2025); adoption deferred to MEPC 85 (Dec 2026)Global fuel intensity standard + economic mechanism. Green ammonia = near-zero compliance cost. N2O treatment in guidelines critical.
EU Emissions Trading System (Maritime)EU/EEA ports and voyagesIn force. 100% CO₂e coverage from Jan 2026 (incl. CH₄ and N₂O)Direct cost on high-GHG-intensity fuel. N2O from ammonia combustion now within scope. ~€75/tCO₂e certificate price Q1 2026.
FuelEU MaritimeEU/EEA ports; ships >5,000 GTIn force from Jan 2025. First compliance cycle complete.Well-to-wake GHG intensity standard. RFNBO multiplier benefits green ammonia to 2033. First FuelEU Documents of Compliance due Jun 2026.
IGC Code amendments (ammonia as cargo fuel)Gas carriersIn force 1 July 2026Allows use of ammonia cargo as ship fuel on gas carriers — a key pathway for VLAC operations. Removes previous regulatory prohibition.
IMO Interim Guidelines (ammonia fuel)Vessels using ammonia as fuelApproved MSC 109 (Dec 2024)Provides regulatory basis for classification societies and flag states to approve ammonia-fuelled vessels pending full MARPOL amendments.
NOx Technical Code (non-carbon fuels)Marine enginesAmendments approved MEPC 84 (May 2026)Establishes regulatory basis for certifying N2O and NOx emissions from ammonia-fuelled engines. Critical for engine type approval and ETS compliance.
North-East Atlantic ECANE Atlantic watersAdopted MEPC 84 (May 2026)Stricter NOx, SOx, PM limits in NE Atlantic. Ammonia-fuelled vessels must comply with NOx limits; guides SCR system requirements for North Atlantic trades.

See our full analysis: The IMO Net Zero Framework and the ammonia shipping investment case: a mid-2026 assessment →

Vessel orderbook data compiled from publicly available developer announcements, class society approvals, and shipyard records. Port readiness levels based on AEA/Getting to Zero Coalition methodology. Regulatory status reflects IMO and EU publications as of June 2026.