Sodium Propionate Price In China

• China: 1185 USD/MT

The price of sodium propionate in China for Q4 2023 reached 1185 USD/MT in December..

The latest report by IMARC Group, titled "Sodium Propionate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Sodium Propionate Prices . This report delves into the price of Sodium Propionate globally, presenting a detailed analysis, along with informative Sodium Propionate price chart. Through comprehensive Sodium Propionate price News, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Sodium Propionate demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Sodium Propionate Prices December 2023:

• China: 1185 USD/MT

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The study delves into the factors affecting Sodium Propionate 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 Propionate Price Trend- Q4 2023

The sodium propionate market is witnessing substantial growth, driven by its widespread use as a food preservative is a significant driver. Sodium propionate effectively inhibits mold and bacterial growth, extending the shelf life of baked goods, dairy products, and processed meats. With increasing consumer demand for fresh, long-lasting food products, the food industry’s reliance on sodium propionate is on the rise.

Another crucial factor is the expanding use of sodium propionate in the pharmaceutical and cosmetics industries. In pharmaceuticals, it serves as an antimicrobial agent in various formulations, ensuring product stability and safety. The cosmetics sector utilizes sodium propionate in products like lotions and creams to prevent microbial contamination, thereby enhancing product longevity and consumer safety. Additionally, the rising awareness about food safety and preservation is boosting the demand for effective preservatives like sodium propionate.

Sodium Propionate Market Analysis

In the first quarter of 2024, sodium propionate prices in North America increased significantly. This price increase is the direct outcome of strategic moves by important industry participants, who have placed large orders to fulfill rising demand and support increased purchasing activity. The rise in raw material costs, particularly for propionic acid, in major production and export countries has been a primary driver of price increases.

North America, a significant importer, has adopted the pricing strategies of these exporting regions in order to remain competitive in the face of changing market dynamics. Moreover, the pricing dynamics of sodium propionate in the Asia Pacific region during Q1 2024 have experienced significant fluctuations influenced by a variety of factors. Notably, in China, Sodium Propionate prices surged by 1.82% over the quarter.

Several factors have contributed to this recent price escalation. Increased demand, particularly from the downstream sector, has been a major driver, stimulating purchasing activity. Insufficient inventories were exacerbated by a temporary trade slowdown during the Lunar New Year festivities, restricting product availability. 

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.

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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