For the Quarter Ending June 2025
North America
• The helium market in the U.S. trended mixed through Q2 2025, with prices softening in April before firming modestly into May and June. Early-quarter weakness stemmed from global oversupply—driven by steady Qatari production, incremental output from South Africa’s Renergen, and the anticipated ramp-up of U.S. projects—while softer demand from welding and semiconductors kept buyers cautious.
• In April, prices dipped as industrial consumption lagged due to muted construction activity, while semiconductor demand remained under pressure from cost and trade uncertainties. Healthcare MRI demand offered steady support, but most buyers avoided forward commitments, relying on inventories amid abundant global supply.
• May marked a rebound as stronger offers from Qatar and normalized logistics, alongside stable healthcare and research demand, lifted prices despite persistently weak welding and uneven semiconductor consumption. Import flows stabilized, and tactical procurement supported market movement.
• By June, prices inched higher amid heightened geopolitical risks in the Middle East, including tensions impacting Iran’s South Pars and U.S. interests in Qatar, which raised speculative premiums despite steady flows. Demand stayed stable from healthcare and semiconductors, while welding consumption remained constrained by declining residential investment and delayed public infrastructure projects.
Why did the price of Helium change in July 2025 in North America?
• In July, the Helium Price Index in North America rose as geopolitical tensions in the Gulf sustained supply risk premiums, reinforcing firm pricing sentiment across the market.
• The Helium Production Cost Trend stayed relatively steady, but steady demand from MRI production and semiconductor manufacturing kept consumption elevated, adding further upward pressure.
• Limited global supply flexibility and ongoing procurement from high-tech and healthcare sectors maintained a bullish tone in regional helium prices.
Asia
• The helium market in India softened early in Q2 2025 before stabilizing and inching higher toward June, as abundant global supply from Qatar, South Africa’s Renergen, and upcoming U.S. output pressured prices despite steady healthcare-led consumption. Industrial demand, especially from welding and semiconductors, remained muted, capping any early-quarter recovery.
• In April, prices dropped as oversupply from exporting nations like Qatar combined with sluggish downstream activity. Heatwaves and seasonal labor shifts slowed construction-linked welding demand, while global semiconductor usage declined under U.S. tariff-related cost pressures. Only MRI-related healthcare demand-maintained stability.
• Prices rebounded in May as firmer export offers from Qatar and improved logistics supported modest gains. Healthcare consumption and limited demand from electronics offset continued weakness in welding, while Indian importers adjusted procurement to match higher international offers without building excess stocks.
• June saw prices edge up marginally, driven by geopolitical tensions in the Middle East and Russia, which introduced a risk premium despite uninterrupted Qatari supply. Healthcare and semiconductor sectors sustained helium usage, while monsoon-driven construction disruptions kept industrial demand subdued, prompting buyers to remain cautious with procurement.
Why did the price of Helium change in July 2025 in Asia?
• In July, the Helium Price Index in Asia rose as geopolitical tensions in the Gulf maintained supply risk premiums, bolstering a firm pricing outlook across regional markets.
• The Helium Production Cost Trend remained stable, but consistent demand from MRI production and semiconductor manufacturing kept consumption elevated, sustaining upward momentum.
• With supply concerns lingering and high-tech sector demand steady, regional helium prices continued to trend higher.
Europe
• The helium market in Europe trended soft-to-stable through Q2 2025, with prices easing in April before firming slightly in May and stabilizing into June. Early-quarter weakness reflected global oversupply—driven by steady Qatari output, additional volumes from South Africa’s Renergen, and anticipated U.S. production—while subdued welding demand, tied to Eurozone construction weakness, kept overall sentiment muted.
• In April, prices slipped as industrial gas consumption stayed weak amid stagnant residential and commercial construction, while semiconductor demand remained under pressure from elevated costs and trade policy uncertainty. Healthcare MRI demand provided consistent baseline support, but most buyers deferred long-term procurement, relying on steady inventories.
• May brought a mild recovery as export logistics improved and firmer offers from Qatar coincided with steady healthcare and research sector demand. However, welding and construction-related usage stayed subdued, with housing and infrastructure activity across Germany and the Eurozone continuing to lag.
• By June, prices stabilized with a marginal uptick as geopolitical tensions escalated in the Middle East and Russia, adding a speculative risk premium despite uninterrupted supply from Qatar. Core demand from healthcare and semiconductors held steady, but welding and construction-linked consumption remained weak, keeping overall European trading activity conservative.
Why did the price of Helium change in July 2025 in Europe?
• In July, the Helium Price Index in Europe rose as geopolitical tensions in the Gulf sustained supply risk premiums, keeping pricing sentiment firm across regional markets.
• The Helium Production Cost Trend remained steady, but strong demand from MRI production and semiconductor manufacturing kept consumption elevated, adding upward pressure on prices.
• With supply risks persisting and steady offtake from critical industries, helium prices continued their bullish trajectory.
MEA
• The helium market in Qatar trended soft-to-stable through Q2 2025, as ample global supply—anchored by steady Qatari production and expanding output from South Africa’s Renergen and upcoming U.S. projects—kept export competition high despite stable baseline demand from semiconductors and healthcare. Industrial welding consumption, tied to global construction markets, remained persistently weak, limiting any upward price momentum.
• In April, prices fell as surplus volumes from Qatar, South Africa, and pre-production activity tied to the U.S.’s Galactica project deepened the glut. Weak semiconductor and welding demand, coupled with buyers’ preference for short-term procurement, reinforced a bearish tone despite stable port operations and output from Qatar’s North Field.
• May saw prices rebound modestly as export logistics improved, U.S.–China trade tensions eased, and MRI and semiconductor applications held steady. While oversupply persisted, the slower pace of new global capacity additions offered temporary pricing relief, even as industrial welding activity continued to lag.
• By June, prices stabilized with a slight uptick amid escalating geopolitical tensions in the Middle East and Russia, which introduced a risk premium despite uninterrupted Qatari supply. Healthcare and semiconductor demand maintained their role as core consumption drivers, while industrial uses stayed soft under extreme temperatures and sluggish global construction activity, prompting conservative procurement strategies across importing regions.
Why did the price of Helium change in July 2025 in the MEA?
• In July, the Helium Price Index in MEA rose as ongoing geopolitical tensions in the Gulf sustained supply risk premiums, reinforcing a firm pricing sentiment across the region.
• The Helium Production Cost Trend stayed steady, but consistent demand from MRI production and semiconductor manufacturing kept consumption elevated, driving upward pressure on prices.
• With regional supply risks and steady high-tech sector offtake, helium prices maintained a bullish tone.
For the Quarter Ending March 2025
North America
Throughout Q1 2025, the helium market in North America exhibited mixed trends, shaped by evolving global supply conditions and steady demand from high-value sectors. In January, helium prices in the U.S. edged up slightly as higher import costs from Qatar—driven by rising natural gas prices—combined with proactive restocking efforts to lift procurement. Demand remained firm, supported by strong offtake from the healthcare sector and growing helium applications in semiconductor manufacturing for AI and 5G technologies.
However, in February, helium prices dipped as supply surged from Qatar’s Ras Laffan plants and Russia’s Amur Gas Processing Plant, easing earlier tightness. Despite moderate demand from food, healthcare, and electronics, ample supply exerted downward pressure.
March witnessed a further price drop, driven by additional supply-side contributions from South Africa’s Renergen and Iran’s pilot extraction project, which intensified global competition and led to aggressive offers. U.S. buyers maintained cautious procurement amid easing costs and softening demand in construction-linked applications like welding. Helium prices in the U.S. closed Q1 2025 at USD 95,600/MT CFR Houston.
APAC
In Q1 2025, the APAC helium market experienced mixed price movements, influenced by global supply shifts, geopolitical developments, and sector-specific demand. In January, prices in India rose due to higher import costs from Qatar, driven by increased production expenses linked to rising natural gas prices. Active restocking by local importers and firm demand from the semiconductor and healthcare sectors supported this upward trend. In February, the market saw a downward shift as abundant supply from Qatar and rising output from Russia’s Amur plant eased procurement pressures. India’s demand remained steady, especially from the industrial and high-tech segments, but the growing global surplus weighed on prices. By March, the downward momentum continued across the APAC region, with India experiencing further easing in prices amid persistent oversupply and subdued regional activity. Construction-related consumption slowed due to Ramadan, though steady procurement from healthcare and semiconductor applications helped sustain baseline demand. Overall, the APAC helium market remained stable, shaped by a balance of consistent end-use demand and increased global supply availability.
Europe
Throughout Q1 2025, the helium market in Europe, particularly in Germany, followed a similar mixed pricing trajectory, influenced by shifting global supply dynamics and region-specific demand fluctuations. In January, helium prices edged up slightly as higher import costs from major exporters, including Qatar, coincided with winter restocking by European buyers. Demand from sectors such as semiconductors and healthcare remained steady, particularly for MRI cooling and chip fabrication, while construction-related applications saw seasonal slowdowns. By February, helium prices began to soften amid a global supply surge from expanded output in Qatar and Russia. Eased freight rates and consistent inbound flows supported improved inventory positions across key European ports, reducing procurement urgency. March brought further price declines as South Africa and Iran added new volumes to the global helium pool, increasing export competition and pushing down offers into European markets. Weakened demand from welding and cutting activities amid slowdown in the construction sector further dampened momentum. Nevertheless, baseline demand from high-tech and medical sectors helped maintain stable consumption, keeping the European helium market well-balanced by quarter’s end.
MEA
The MEA helium market, with Qatar as the regional hub, witnessed mixed pricing dynamics throughout Q1 2025. January saw an upward push in helium prices driven by tight supply conditions, low inventories, and increased restocking by end-users. Rising natural gas prices and logistical disruptions further supported the firm market sentiment. However, the trend reversed in February as production ramped up at Qatar’s Ras Laffan complex, while global supply rose with increasing output from Russia’s Amur facility and new contributions from the USA and Iran. This oversupply weighed prices despite steady demand from the healthcare and semiconductor sectors. In March, the market remained bearish as South Africa’s Renergen began commercial liquid helium production and regional demand slowed during Ramadan, especially in construction and welding applications. While baseline consumption from critical sectors remained intact, oversupply and elevated inventories led to subdued trading activity. Throughout the quarter, Qatar maintained its strategic position as a key exporter, with robust export flows to India and the USA, though market sentiment stayed soft amid rising global production and seasonal demand moderation.
For the Quarter Ending December 2024
North America
In Q4 2024, helium prices in North America exhibited varied trends, reflecting global supply improvements and fluctuating demand dynamics. In the USA, October prices remained stable as domestic production adequately supported steady demand from high-tech and medical sectors. The semiconductor industry, driven by advancements in AI technology, maintained robust helium consumption, while the healthcare sector ensured consistent demand for MRI systems. Despite sufficient inventories, cautious procurement from downstream industries reflected conservative market sentiment.
In November, helium prices increased moderately, influenced by tight global supply and strong seasonal demand. Pre-holiday logistics activity and heightened helium requirements for semiconductor manufacturing bolstered procurement levels. Imports remained steady, with global constraints sustaining pricing pressure. However, rising helium recycling initiatives in the USA's semiconductor industry slightly eased demand pressures on new supplies.
By December, prices in the USA saw a decline due to improved global production and year-end destocking activities. Increased contributions from Qatar and Russia alleviated supply tightness, while reduced industrial activity during the holiday season moderated demand.
APAC
In Q4 2024, helium prices in the APAC region exhibited mixed trends, reflecting global supply dynamics, seasonal demand patterns, and downstream industry activity. In October, prices in India declined due to stable market conditions, balanced inventory levels, and moderated demand from sectors like semiconductors and medical technology. Improved helium recycling initiatives in the semiconductor sector also supported supply stability, helping to alleviate price pressures. In November, prices saw a moderate rise, driven by increased import costs from Qatar and sustained demand from downstream industries. Robust performance in the healthcare and high-tech sectors, coupled with heightened seasonal procurement, supported this upward trend. Semiconductor manufacturing and AI-enabled chip production continued to be key drivers of helium consumption, underscoring its critical role in advanced technology applications. By December, prices eased slightly, influenced by lower import costs and improved global helium supply, particularly from Qatar and Russia. Reduced industrial activity during festive holidays in Europe and North America contributed to moderated procurement. While core sectors like medical technology maintained steady helium consumption, high inventory levels and strategic year-end destocking activities shaped the market, ensuring supply-demand alignment.
MEA
In Q4 2024, helium prices in the MEA region exhibited fluctuating trends, reflecting global supply dynamics and varying demand patterns. In October, prices in Qatar showed a moderate increase, supported by stable production levels and balanced procurement activities from key sectors such as semiconductors and medical technology. While global geopolitical tensions limited expansion efforts, efficient supply chain operations in Qatar ensured steady exports to importing nations, including India and the U.S. Demand from high-tech industries, particularly semiconductor manufacturing, contributed to the market's cautious recovery, with steady procurement strategies aligning with moderate inventory levels. In November, prices experienced a sharper increase, driven by tight global supply conditions and heightened demand from the healthcare and electronics sectors. Seasonal factors, including pre-Christmas preparations and robust semiconductor production, fueled procurement activity. Qatar maintained strong export performance, meeting elevated demand from Europe and India while global supply constraints sustained upward price pressure. By December, helium prices in Qatar declined as improved global supply and year-end destocking activities shaped market dynamics. Increased production from Qatar and Russia eased supply bottlenecks, while reduced industrial activity during festive holidays in Europe and North America moderated demand.
Europe
In Q4 2024, helium prices in Europe demonstrated a mixed trajectory, driven by evolving global supply and regional demand conditions. In Germany, October prices remained relatively stable, supported by consistent imports and strong helium consumption in high-tech industries, particularly semiconductors and medical applications. Germany's advanced electronics manufacturing sector sustained significant helium demand, although subdued construction activity across Europe limited broader market growth. November saw a modest price increase in Europe as global supply constraints combined with strong seasonal demand. In Germany, helium consumption remained robust across the medical and semiconductor sectors, with pre-holiday logistics and AI-driven chip production amplifying procurement. However, elevated inventory levels and cautious purchasing strategies moderated the extent of price increases in the European market. In December, prices in Europe, including Germany, declined as improved global supply alleviated market tightness. Increased exports from Qatar and Russia bolstered availability, reducing dependency on spot markets. Reduced industrial activity during the holiday season, combined with strategic year-end inventory adjustments, tempered procurement levels.
For the Quarter Ending September 2024
North America
In Q3 2024, the Helium pricing environment in North America experienced a significant downturn, primarily driven by an oversupply situation and diminished procurement efforts. This decline was exacerbated by weakened demand from vital sectors, including healthcare and high-tech manufacturing, which added to the prevailing negative sentiment. The United States, as a major player in the helium market, faced substantial price fluctuations amid excess supply and stagnant market dynamics.
Throughout the quarter, prices consistently fell, reflecting notable shifts between the first and second halves of the period. Seasonal factors and geopolitical tensions further complicated the landscape, contributing to a challenging pricing environment. Importantly, tepid demand and ample inventories have led manufacturers to refrain from initiating any price changes in the domestic market, with overall operating rates remaining low. However, prices remained largely unchanged compared to the previous quarter, signaling a lack of improvement in the market dynamics.
By the end of the quarter, the market sentiment reflected persistent negativity, underscoring the difficulties faced by the helium sector in North America. This continued struggle suggests that without significant demand recovery, the market may remain under pressure moving forward.
APAC
In Q3 2024, the APAC region witnessed a notable decline in Helium prices, with India experiencing the most significant fluctuations. This downward trend was influenced by a combination of factors, including high supply levels from key producers such as Qatar and a decrease in import costs. The market became oversaturated as consistent production levels and reduced freight charges contributed to the surplus availability of Helium. Additionally, stable natural gas prices supported continuous production, further pressuring prices downward. Throughout the quarter, there were also disruptions in production due to plant shutdowns, which impacted supply dynamics. In India specifically, the pricing environment remained negative throughout the quarter, characterized by steadily decreasing prices. Seasonal trends and market dynamics played crucial roles in these fluctuations, showing a direct correlation between high supply levels and low demand. Despite these challenges, prices remained stable compared to the previous quarter, indicating no significant improvement; however, there was an increase of 8% in comparison to the same quarter last year. The quarter-ending price of USD 94740/MT for Helium Gas CFR JNPT in India reflected the overall decreasing trend in pricing, underscoring the challenges faced in the Helium market during this period.
MEA
In Q3 2024, the Helium pricing landscape in the MEA region experienced a notable decline influenced by several key factors. This downturn was primarily driven by oversupply and reduced procurement activities, which exerted downward pressure on prices. The decrease in demand, particularly from critical sectors such as healthcare and high-tech manufacturing, further contributed to the overall negative trend. Qatar, a significant player in the Helium market, experienced the most pronounced price fluctuations as it struggled with excess supply amid subdued market dynamics. Throughout the quarter, prices consistently decreased, registering a notable -3% change between the first and second halves of the period. Seasonal factors affecting demand in key importing nations further exacerbated the downward price trend, while geopolitical tensions and global economic uncertainties added additional challenges to the market. Despite these difficulties, prices remained stable compared to the previous quarter, indicating no significant improvement, while they did increase by 8.5% compared to the same quarter last year. As the quarter ended, Helium Gas prices reached USD 92,500/MT FOB Doha in Qatar, reflecting a predominantly negative pricing sentiment and underscoring the challenging conditions faced by the Helium market in the MEA region.
Europe
In Q3 2024, the Helium pricing landscape in the European region faced a notable decline influenced by multiple factors. Oversupply and diminished procurement activities created substantial downward pressure on prices, particularly affecting key consuming sectors such as healthcare and high-tech manufacturing. The Netherlands experienced the most significant price fluctuations as it grappled with excess supply and lackluster market dynamics. Throughout the quarter, a consistent drop in prices was observed, particularly between the first and second halves. Seasonal influences further intensified the downward pricing trend. Additionally, geopolitical tensions and global economic uncertainties added to the adverse market conditions. Overall, tepid demand and sufficient inventories have prompted manufacturers to refrain from any price developments in the domestic market, resulting in persistently low operating rates. Furthermore, prices remained largely unchanged from the previous quarter, signaling a lack of improvement in market conditions. As the quarter concluded, the pricing sentiment continued to reflect a predominantly negative outlook for the helium market across Europe, highlighting the ongoing challenges in the region.
FAQs
• What is the current price of Helium?
Helium prices remain elevated across all major regions, supported by Gulf-related supply risks and consistent demand from MRI production and semiconductor manufacturing.
• Who are the top Helium producers globally?
Key producers include QatarEnergy, ExxonMobil, Air Products, Gazprom, and Linde, which dominate global supply across the Middle East, North America, and Asia.
• What is the Helium Price Forecast for August 2025?
Prices are expected to stay firm as geopolitical tensions maintain supply premiums, while steady offtake from healthcare and semiconductor industries sustains demand.
• What sectors are driving Helium demand?
High-tech and healthcare industries, particularly MRI production and semiconductor manufacturing, remain the primary demand drivers, underpinning firm global consumption levels.
