Carbon Dioxide Prices

Carbon Dioxide Price Trend, Index and Forecast

Track the latest insights on carbon dioxide price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Carbon Dioxide Prices Outlook Q2 2025

• USA: US$ 613/MT
• India: US$ 256/MT
• Germany: US$ 176/MT
• Japan: US$ 223/MT
• Brazil: US$ 196/MT

Carbon Dioxide Price Chart

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During the second quarter of 2025, the carbon dioxide prices in the USA reached 613 USD/MT in June. As per the carbon dioxide price chart, prices experienced moderate upward pressure. This increase was primarily driven by the rising costs of feedstocks, especially natural gas, which plays a crucial role in the production of CO₂. Additionally, maintenance outages at ethanol plants, a primary source of CO₂, further reduced supply and contributed to the upward price trend.

During the second quarter of 2025, the carbon dioxide prices in India reached 256 USD/MT in June. Prices in India were influenced by several global and domestic factors, with key shifts in supply and demand dynamics playing a central role. Besides, the broader market was affected by volatility in feedstock costs, particularly natural gas. The price of natural gas, a key input in CO₂ production experienced notable fluctuations due to supply chain disruptions and global energy market instability.

During the second quarter of 2025, carbon dioxide prices in Germany reached 176 USD/MT in June. The price of carbon dioxide (CO₂) in Germany was significantly influenced by a combination of tightening supply, rising energy input costs, and increasing regulatory pressures. Moreover, the demand for CO₂ remained robust in Germany, especially within the food and beverage sectors. The rising popularity of functional and health-driven drinks continued to drive the demand for CO₂, as it is an essential component in carbonation processes.

During the second quarter of 2025, the carbon dioxide prices in Japan reached 223 USD/MT in June. Prices in Japan were primarily influenced by a combination of supply chain disruptions, fluctuating demand, and the continued volatility in feedstock costs. The country faced a mixed market environment, where, while overall CO₂ production remained steady, factors such as industrial gas shortages, natural gas price fluctuations, and consumption changes led to pricing volatility. The sharp fluctuations in CO₂ prices observed during this period were driven by both domestic and global market conditions, affecting the overall supply-demand balance.

During the second quarter of 2025, the carbon dioxide prices in Brazil reached 196 USD/MT in June. One of the primary drivers of the increase in CO₂ prices was the growing strain on domestic production capacity. Brazil's CO₂ production, which is heavily reliant on ammonia and ethanol plants as key sources, faced challenges during the quarter. Disruptions in the production of these key materials, driven by maintenance issues and supply chain interruptions, led to a reduction in CO₂ supply.

Carbon Dioxide Prices Q4 2023

• USA: US$ 666/MT
• Japan: US$ 249/MT
• Belgium: US$ 214/MT

In the fourth quarter of 2023, the price of the carbon dioxide in the United States reached 666 USD/MT by December. Similarly, in Japan, the carbon dioxide prices hit 249 USD/MT in the same month. Moreover, Belgium also witnessed carbon dioxide prices reaching 214 USD/MT during Q4 2023.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the carbon dioxide prices.

Global Carbon Dioxide Price Trend

The report offers a holistic view of the global carbon dioxide pricing trends in the form of carbon dioxide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of carbon dioxide, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed carbon dioxide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Carbon Dioxide Price Trend

Q2 2025:

Prices in Europe saw a significant uptick, reflecting a series of interlinked pressures on production and demand. The surge in CO₂ prices was largely driven by a tightening supply, spurred by disruptions in upstream industries and the continuing rise in energy input costs, particularly natural gas. The rising energy costs were not the only factor driving the surge in CO₂ prices. A series of disruptions in the production of ammonia and ethanol further exacerbated the situation, increasing the overall cost of CO₂ production.

Q4 2023:

European carbon dioxide prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for carbon dioxide can also be provided for an extensive list of European countries.

North America Carbon Dioxide Price Trend

Q2 2025:

As per the carbon dioxide price index, prices in North America experienced moderate upward pressure. This rise was largely driven by the elevated costs of feedstocks, especially natural gas, and steady demand from industries relying on CO₂. The price increase in June was primarily influenced by the surge in natural gas prices. Natural gas plays a critical role in CO₂ production, particularly as a feedstock in ammonia and ethanol production. As natural gas prices climbed, the cost of CO₂ production also rose. The maintenance outages at several ethanol plants further exacerbated the situation, limiting the supply of CO₂. These outages were coupled with inefficiencies in transportation, particularly due to driver shortages and rising diesel prices, which hampered the movement of CO₂ to key markets.

Q4 2023:

The analysis of carbon dioxide prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific carbon dioxide historical data within the United States and Canada can also be provided.

Middle East and Africa Carbon Dioxide Price Trend

Q2 2025:

The report explores the carbon dioxide trends and carbon dioxide price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Carbon Dioxide Price Trend

Q2 2025:

In the second quarter of 2025, prices in the Asia Pacific region, particularly in China, were significantly influenced by a combination of market oversupply, weak demand, and continued volatility in feedstock costs. The demand outlook for CO₂ in China turned increasingly bearish in June, as the prolonged geopolitical and economic stress dampened consumption, particularly in the beverage and dairy sectors. With a significant oversupply of CO₂ in the market and a lack of strong demand recovery in the short term, market participants expected only a mild rebound.

Q4 2023:

The carbon dioxide pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This carbon dioxide price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Carbon Dioxide Price Trend

Q2 2025:

As per the carbon dioxide price index, prices in Latin America experienced upward pressure due to a combination of supply constraints, improving energy costs, and regional production challenges. Throughout the quarter, the market in Latin America grappled with both domestic and external factors that caused the cost of CO₂ to rise. These disruptions contributed to a decrease in the availability of CO₂ in the region, leading to increased prices as producers struggled to meet demand.

Q4 2023:

The analysis of carbon dioxide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Carbon Dioxide Price Trend, Market Analysis, and News

IMARC's latest publication, “Carbon Dioxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025​ Edition,” presents a detailed examination of the carbon dioxide market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of carbon dioxide at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed carbon dioxide prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting carbon dioxide pricing, 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 latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Carbon Dioxide Industry Analysis

The global carbon dioxide market size reached 256.27 Million Tons in 2024. By 2033, IMARC Group expects the market to reach 401.7 Million Tons, at a projected CAGR of 4.86%  during 2025-2033.

• The use of carbon dioxide in the beverage industry of carbonation is widely increasing. This procedure includes dissolving CO2 gas into beverages under extreme pressure, producing a fizzy texture. According to the market research company, IMARC GROUP, the global alcoholic beverages market reached US$ 1,279.1 Billion in 2023 and is projected to reach US$ 1,963.1 Billion by 2032, exhibiting a CAGR of 2.4% during 2024-2032. The company also states that the global non-alcoholic beverages market reached US$ 928.2 Billion in 2023, and is expected to reach US$ 1,400.9 Billion by 2032, exhibiting a growth rate of 4.5% during 2024-2032. One of the major uses of CO2 is carbonating sparkling water, soft drinks, and alcoholic beverages such as sparkling wine and beer. This procedure improves the sensory experience of the beverage by adding a refreshing taste and bubbles, and also serves as a preservative by producing an acidic environment that inhibits the growth of spoilage organisms. Additionally, the solubility of CO2 in liquid is affected by factors such as temperature and pressure, with higher pressures and lower pressures the amount of CO2 which needs to be dissolved is increased. Modern day carbonation systems in the beverage industry are extremely efficient, adopting precise equipment to regulate the CO2 levels accurately, thus ensuring consistency in the taste and texture across all batches. Moreover, other than carbonation, CO2 also majorly impacts the shelf life of the products and their overall consumer appeal, thus making it a vital component in the production of numerous popular drinks.
• Another major area of utilization of this gas is in the enhanced oil recovery (EOR) industry. This includes the injection of CO2 into oil reservoirs so as to increase the quantity of crude oil that can be procured. This procedure is particularly beneficial for mature oil fields where conventional extraction methods have become less effective. After CO2 is injected into the reservoir, it mixes with the crude oil, minimizing its viscosity and making it more seamless to flow toward the production wells. Other than this, CO2 also assists in dissolving the trapped oil droplets thus enhancing the overall recovery rate. This process optimized oil production along with offering an opportunity for carbon capture and storage (CCS), as the CO2 utilized in the procedure can be sequestered underground, alleviating its release into the atmosphere. As per a market report published by the IMARC GROUP, the global enhanced oil recovery (EOR) market reached US$ 59.1 Billion in 2023, and is expected to reach US$ 111.0 Billion by 2032, exhibiting a CAGR of 7% during 2024-2032.

Carbon Dioxide News

The report covers the latest developments, updates, and trends impacting the global carbon dioxide industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in carbon dioxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the carbon dioxide price trend.

Latest developments in the carbon dioxide industry:

• In April 2023, EXXONMOBIL announced its plan to store CO2 from the blue hydrogen complex of LINDE, California, U.S. The project is expected to capture 90% of CO2 emitted from the hydrogen production procedure.
• In January 2023, POET announced its plans to construct a new facility at its bioprocessing location in Laddonia. The new facility aims to capture above 200 tons of CO2 per day and produce dry ice.

Product Description

Carbon dioxide, also represented at CO2, is a colorless, odorless gas composed of one carbon atom and two oxygen atoms. It is a naturally occurring compound in the Earth's atmosphere and is a key component of the carbon cycle. CO₂ is formed through various natural processes, including respiration by animals and plants, decomposition of organic matter, and volcanic eruptions. Additionally, human activities such as the burning of fossil fuels (coal, oil, and natural gas), deforestation, and industrial processes contribute significantly to CO₂ emissions. CO₂ has diverse applications across multiple industries. In the beverage industry, it is used for carbonation, providing the characteristic fizz in soft drinks, sparkling water, and alcoholic beverages.

The petroleum industry employs CO₂ in enhanced oil recovery (EOR) to increase crude oil extraction from mature wells. Furthermore, CO₂ is used in the pharmaceutical industry for producing certain medications, in the horticulture industry to promote plant growth in greenhouses, and in the refrigeration industry as a refrigerant.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of carbon dioxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting carbon dioxide price trend, including input costs, supply-demand shifts, and geopolitical impacts, 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 carbon dioxide price charts ensure our clients remain at the forefront of the industry.