Refrigerant prices in Europe remained relatively stable or even decreased slightly in the fourth quarter of 2025, while the price of reclaimed R404A rose again compared to Q3.
The latest Q4/2025 figures prepared for the European Commission reveal no change in the price of R410A from Q3 when considering the whole supply chain (end user prices excluded), while R134a prices decreased by 3%.
The price of these refrigerants are down slightly on Q4/2024, but compared to 2014, prices of R134a are 3.7 (end user) to 9.5 (distributor) and R410A prices are 3.3 (end-user) to 10.9 (distributor) times higher. For comparison, on the world market, producer prices increased by a factor of 2.8 for R134a and 2.3 for R410A in the same time period.
Stable prices were also recorded for the lower GWP alternatives in Q4/2025, compared to the previous quarter. End user prices excluded, R448A, R449A, R513A and R452A prices were unchanged, while R32 saw a 6% reduction.
The purchase price of reclaimed R404A in Q4/2025 increased by +9% on service company level and by +6% on distributor level, compared to the previous quarter.
In general, the EU refrigerant market appears to have been stable in terms of supply, with no indications of limited regional availability or shortage indicated by companies.
The price of quota authorisations indicated ranges from €12 to €20/tCO2e (purchasing price). On average, purchasing prices for quota authorisations amounted to €16.15/tCO2e, approximately. This represents an increase of 1% compared to Q3/2025,
The report work was performed by independent consultants Öko-Recherche, French greenhouse gas monitoring company CiTEPA, in cooperation with Polish refrigerant management company PROZON, and the Spanish installation and maintenance companies federation CONAIF.
The Q4 figures were based on responses from 56 companies from 10 EU member states (main respondents from Germany, France and Italy) and all supply chain levels (three gas producers, 15 gas distributors, 27 OEMs, and 8 respondents from the service sector.
