Sodium Gluconate Prices in China
- China: 517 USD/MT
In China, the sodium gluconate market experienced a 7% decline in prices during the fourth quarter of 2023, closing at $517 per metric ton FOB Qingdao. The latest report by IMARC, titled "Sodium Gluconate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Sodium Gluconate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Sodium Gluconate Prices December 2023:
- China: 517 USD/MT
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The study delves into the factors affecting Sodium Gluconate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sodium Gluconate Price Trend- Q4 2023
The sodium gluconate market, especially noted in the fourth quarter of 2023, has been influenced by several critical factors. Primarily, the market dynamics are heavily swayed by varying demand across major consuming sectors, including construction, textiles, and food and beverages. In regions like North America and APAC, a notable decline in demand within the construction industry, which is a significant consumer of sodium gluconate, has led to a downturn in market prices. For instance, in the US, economic recovery efforts have been sluggish, affecting trading conditions and leading to a reduction in demand. Similarly, in China, economic challenges have subdued demand significantly, impacting market stability. On the other hand, supply factors also play a crucial role.
Sodium Gluconate Market Analysis
The global sodium gluconate market size reached US$ 625.2 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 867.8 Million, at a projected CAGR of 3.70% during 2023-2032. In December 2023, several interconnected factors have influenced the pricing of sodium gluconate, reflecting a complex interplay of market dynamics. One of the predominant factors has been the bearish demand in key sectors such as construction. For example, in both North America and Europe, sluggish activity in the construction industry has significantly dampened the demand for sodium gluconate, leading to a downward pressure on prices. This decline in demand is partly due to economic uncertainties and slower-than-expected recovery rates in these regions. Additionally, the market has been affected by strategic purchasing behaviors; in the US, buyers delayed purchasing in anticipation of price increases related to new import tariffs, which ultimately contributed to a drop in immediate demand.
Furthermore, logistical challenges have also played a critical role in shaping the market prices of sodium gluconate. In the US, disruptions caused by the Panama Canal issues have impacted shipping routes and timings, thereby affecting the supply chain and leading to fluctuations in spot export prices. This situation is compounded by the ongoing decline in crude oil prices, which indirectly influences the cost structures within the chemical industry, including the production and distribution of sodium gluconate. In Europe, despite attempts by suppliers to manage supply by reducing operating rates and destocking, the presence of high input costs and supply shortages due to logistical disruptions continued to add volatility to the market. These supply chain challenges, coupled with high inventory levels and competitive pressures from imports, have made it difficult for market players to stabilize prices, resulting in notable fluctuations during the quarter.
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Key Points Covered in the Sodium Gluconate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sodium Gluconate Prices
- Sodium Gluconate Price Trend
- Sodium Gluconate Demand & Supply
- Sodium Gluconate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Gluconate Price Analysis
- Sodium Gluconate Industry Drivers, Restraints, and Opportunities
- Sodium Gluconate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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