Nitrogen Market – New Procurement Research Report Now Available From SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their 'Nitrogen Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of nitrogen and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Nitrogen Procurement Market Intelligence Report (Graphic: Business Wire)

Global Nitrogen Procurement Market Intelligence Report (Graphic: Business Wire)

“The global nitrogen market is registering a high demand from the agriculture sector,” says SpendEdge procurement research analyst Anil Seth. “The demand is expected to grow during the forecast period due to the high adoption of urea and ammonia in agricultural activities,” added Anil.

Key Report Features

     
Supply Market Insights   Negotiation Strategies
Procurement Best Practices   Category Risk Analysis
Cost Saving Opportunities   Key Supplier Analysis
Pricing Models   Supplier Capability Matrix
 

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Report Insights

  • The growth of food production, especially in developing countries of Asia and Eastern Europe, has driven the sale of ammonia and urea as they ensure better crop yields, which is leading to the growth of the global nitrogen market.
  • Purchasing managers must monitor the international markets before engaging with suppliers for obtaining ammonia, urea, or any other products. This would enable them to understand the trends, impact of currency fluctuations, and regulations applicable to the trade.
  • Complexities and risks associated with storing and handling ammonia can affect the speed of transportation. Identifying suppliers that adhere to all pertinent safety standards while transporting the chemical is challenging for purchasing managers.

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Nitrogen Pricing Trends

The spot market pricing and index pricing are the most widely spread pricing models in the global nitrogen market. This pricing model offers a provision of using risk hedging tools such as futures. Moreover, spot market pricing also provides high opportunities to capitalize on market fluctuations. However, index pricing allows purchasing managers to capitalize the market fluctuations by optimizing the time of purchase. It offers high transparency as the price is based on the variable cost of production.

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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.