North America Monosodium Glutamate (MSG) Prices Movement Q4
Monosodium Glutamate (MSG) Prices in USA:
| Product | Category | Price |
| Monosodium Glutamate (MSG) | Chemical | 1,596 USD/MT
|
In the United States, Prices for Monosodium Glutamate (MSG) hit the peak of 1,596 USD/MT in December 2023. Prices were initially upward and remained buoyed by heavy demand and insufficient manufacturing. Export prices soared due to increased imports demand from Asia and Europe. Nonetheless, as the economy worsened and destocking was occurring, price decline started as a result of increased broader market adjustments. Changes from the latter half of the year have also indicated how the marketplace sentiment is altering supply and demand.
Monosodium Glutamate (MSG) Prices in China:
| Product | Category | Price |
| Monosodium Glutamate (MSG) | Chemical | 1,197 USD/MT
|
price of monosodium glutamate in China stood at 1197 USD/MT in December 2023 Q4. Initially, the market saw a price increase from strong demand in the food and beverage industries, along with heightened production costs. However, towards the end of the fourth quarter, economic headwinds turned prices into a downward spiral on reduced demand coming from the downstream sector. This fluctuating price pattern was an indication of market conditions where strong demand emerged early in the year and came to a standstill in the latter part of the year.
Monosodium Glutamate (MSG) Prices in Germany:
| Product | Category | Price |
| Monosodium Glutamate (MSG) | Chemical | 2,282 USD/MT
|
Towards the end of Q4-2023, monosodium glutamate (MSG) prices moved to a position of USD 2,282/MT in Germany, recorded in the month of December. The increase in prices was due to the much higher downstream demand, coupled with the higher import costs. Yet during the latter part of the year, feedstock prices decreased, which led to a reduction in production costs during that period, thereby reducing MSG prices. This event pointed out another correction in the market with respect to production cost changes and the equilibrium between supply and demand during the quarter.
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How IMARC Pricing Database Can Help
The latest IMARC Group study, “Monosodium Glutamate (MSG) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Monosodium Glutamate (MSG) price trend, offering key insights into global Monosodium Glutamate (MSG) market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Monosodium Glutamate (MSG) demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
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Key Features:
| Key Attributes | Details |
| Product Name | Monosodium Glutamate (MSG) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Monosodium Glutamate (MSG) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Information Covered for Key Suppliers | · Company Overview
· Business Description · Recent Trends and Developments |
| Customization Scope | The report can be customized as per the requirements of the customer |
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