First Quarter of 2023 in Asia Pacific Helium Prices

North America

During the first quarter of 2023, Helium prices in the North American region inclined on account of tight supply availability of the product. Helium shortage continued to impact the overall prices sentiments of Helium along with fluctuating prices of its upstream (natural gas) in the regional market. Facets such as the US bank crisis, along with incline demand for the product, proportionally impacted the overall market dynamics of Helium. Towards the quarter end, Helium prices soared as the demand for the product in the international market inclined. North American Helium Inc announced that it successfully brought in two additional helium purification plants.

APAC

During the first quarter of 2023, the price dynamics of Helium in the Asian market soared in the domestic market. Despite falling natural gas prices, there was a shortage of the product on the worldwide market, resulting in rising Helium gas prices. Due to a lack of supply for the product in India, tilted imported prices influenced the final pricing. Helium prices rose sharply towards the quarter end as the supply chain remained uneven and transit times increased. The Indian healthcare industry, as well as semiconductor manufacturing, demonstrated a higher demand for the commodity. Helium is a significant component in the smooth operation of MRI equipment, which plays an important role in diagnostics.

Europe

Helium prices in Europe fluctuated during the first quarter of 2023 due to fluctuating Natural Gas prices on the worldwide market. Increased energy prices, as well as a disrupted supply chain, influenced final prices. As a result of the Russian government's implementation of sanctions, there was a shortfall of natural gas available on the European market in Q1. The primary cause driving up the price value was stagnant demand in the automobile, healthcare, and other industries, as well as inconsistent supply from end-use manufacturing facilities.

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