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Written by Beckett » Updated on: August 08th, 2024
Helium Price in India
India: 94,533 USD/MT
The prices of helium settled at 94,533 USD/MT in December 2023.
The latest report by IMARC Group, titled "Helium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of helium prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the helium 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.
Helium Prices December 2023:
Report Offering:
The study delves into the factors affecting helium 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/helium-pricing-report/requestsample
Helium Price Trend- Q4 2023
Helium gas is extensively used in the medical sector to cool the superconducting magnets in magnetic resonance imaging (MRI) machines to extremely low temperatures. This enables the production of powerful magnetic fields, which are essential for producing high-resolution images of the internal human body parts. In addition, it is utilized in the production of semiconductors and fiber optics, both of which are integral to the electronics industry. The growing demand for consumer electronics and telecommunications infrastructure is driving the need for helium worldwide. Furthermore, helium plays a critical role in scientific research, particularly in fields like cryogenics and superconductivity, which is further bolstering the market growth.
Helium Industry Analysis
In the APAC region, particularly in India, helium prices have experienced significant fluctuations influenced by several key factors during the fourth quarter of 2023. Fluctuating natural gas prices, coupled with extraction and transportation costs, have intensified pressures on suppliers and buyers. High demand from Indian research institutes for cryogenic equipment, spurred by advancements in the aerospace sector and increasing annual demand from the automobile industry, has bolstered helium prices. Additionally, positive indicators in the manufacturing sector, such as the rise in the purchasing managers index (PMI), have contributed to stable demand. Despite these challenges, the Indian Helium Industry has maintained stability with moderate supply levels and sustained high demand.
Meanwhile, in the MEA region, the fourth quarter of 2023 saw helium prices getting influenced by tight supply conditions, particularly in the healthcare sector, which experienced robust global demand. This imbalance in supply and demand was exacerbated by rising natural gas prices, given the extraction of helium as a byproduct of natural gas production. Qatar, a leading producer in the region, observed a slight price increase attributed to these factors and sustained demand from Asian markets like China and India. Despite challenges, Qatar secured agreements to supply natural gas internationally, further impacting helium prices. Overall, the MEA region witnessed an optimistic market situation with moderate supply and significant demand, highlighting the critical role of supply-demand balance and natural gas price fluctuations in shaping helium pricing trends.
Overall, in Europe, Q4 2023 witnessed a surge in helium prices driven by global supply shortages and escalating transportation costs. Despite stable demand in critical sectors like MRI scans, the price hikes strained budgets and squeezed profit margins. Regional variations in pricing were influenced by localized supply-demand dynamics and currency fluctuations, underscoring the complex interplay of factors affecting helium prices across Europe. The resilience of the market amidst supply disruptions and uncertain buying further illustrated the challenges and opportunities in managing helium as a critical global resource.
Regional Price Analysis:
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 market research company that offers management strategy and market 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 market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market 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 market 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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