The helium market has unique supply, demand, and storage dynamics, leading to almost a continual increase in prices. Over the last decade, helium demand has flatlined (given lack of supply), against a backdrop of 30% global GDP growth. Rather than GDP-linked helium demand growth, as with most commodities, price has had to go up each year instead. Over the last 20 years, helium pricing has increased at a CAGR of 8% reaching ~US$375/mcf in late 2022.