Benzaldehyde Price in India
- India: 1394 USD /MT
In December of Q4 2023, the cost of benzaldehyde in India surged to 1394 USD/MT.
The latest report by IMARC Group, titled “ Benzaldehyde Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of benzaldehyde prices. This report delves into the price of globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, 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 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.
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The study delves into the factors affecting benzaldehyde 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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Benzaldehyde Price Trend- Last Quarter
The benzaldehyde market is primarily driven by its increasing use in a wide range of industries, including pharmaceuticals, cosmetics, agrochemicals, and food and beverages (F&B). In the pharmaceutical sector, benzaldehyde is a crucial intermediate in the synthesis of various drugs, including those used for treating diabetes and hypertension, fueling its demand as the global healthcare industry continues to expand. In the cosmetics and personal care industry, benzaldehyde is valued for its almond-like fragrance and is used in perfumes, lotions, and other scented products. The F&B industry also contributes significantly to market growth, as benzaldehyde is a popular flavoring agent, especially in baked goods, confectioneries, and beverages.
Benzaldehyde Industry Analysis
In Q4 2023, the benzaldehyde market in North America experienced a declining price trend, primarily due to reduced feedstock costs for toluene. Weak trading activity and high inventory levels forced producers to offer discounts to encourage bulk purchases. However, export demand from the U.S. to neighboring regions dropped significantly due to low product demand, while the personal care and fragrance sectors also saw a slump in activity. Suppliers remained hesitant to raise prices amid limited buyer interest, and oversupply continued to weigh heavily on the market, further reducing prices by the end of the quarter.
Moreover, during Q4 2023, the Asia-Pacific benzaldehyde market faced significant downward pressure due to oversupply and fierce competition among producers. Excess stock caused suppliers to lower prices to stay competitive, particularly as demand remained weak in the food, beverage, and dye industries. Also, the sluggish performance in these sectors further contributed to the declining prices across the region. In India, the situation was particularly noticeable, as oversupply and subdued demand from key industries led to continued price decreases throughout the quarter, with no significant plant shutdowns reported.
Furthermore, in Europe, the market remained under pressure due to weak demand, increased supply, and ample inventories. Downstream industries, especially personal care and fragrance, experienced low consumption levels, which further suppressed market activity. Suppliers had significant existing stocks and limited motivation to engage in new trades, resulting in bearish market conditions. The lack of strong purchasing interest from buyers and the stagnant demand from downstream industries left little room for price increases, and most producers were unable to push for higher offers throughout the quarter.
Browse Full Report: https://www.imarcgroup.com/benzaldehyde-pricing-report
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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