Potassium Sorbate Price in Germany
- Germany: 2640 USD/MT
By the conclusion of the quarter, potassium sorbate reached 2640 USD/MT in price. Germany observed a fluctuating price trend in the potassium sorbate market during the final quarter of 2023.
The latest report by IMARC, titled "Potassium Sorbate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of potassium sorbate 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.
Potassium Sorbate Prices December 2023:
- Germany: 2640 USD/MT
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The study delves into the factors affecting potassium sorbate 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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Potassium Sorbate Price Trend- Q4 2023
The market for potassium sorbate is principally propelled by its extensive application as a food preservative in diverse sectors of the food and beverage (FB) industry. It is especially useful for extending the shelf life of perishable foods including dairy products, baked goods, and beverages because of its capacity to prevent molds, yeasts, and fungi. The market for potassium sorbate has expanded due in large part to the rising demand for processed and ready-to-eat (RTE) food products worldwide, which is being driven by shifting consumer awareness of food safety and changing lifestyle patterns. Furthermore, a discernible trend towards natural preservative-containing products among health-conscious consumers has prompted manufacturers to use potassium sorbate because of its efficacy and safety profile. The cosmetics sector also adds to the need for potassium sorbate by using it in a variety of goods to keep them intact and avoid spoiling.
Potassium Sorbate Market Analysis
The global potassium sorbate market size reached US$ 181.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 275.3 Million, at a projected CAGR of 4.70% during 2023-2032. Significant price swings were witnessed in the North American potassium sorbate market during the fourth quarter of 2023. Prices first rose as a result of rising consumer demand, which was fueled by rising production and inflation. Even if prices somewhat increased toward the end of the quarter, a subsequent reduction in demand caused a decline in mid-quarter prices. Due to a decrease in purchasing activity in November, prices in the APAC area first increased as a result of the festive demand. However, in December, prices increased once more as a result of spikes in seasonal demand. The FB sector's demand initially drove prices higher in Europe, but an oversupply and lower raw material costs caused them to fall sharply. Nevertheless, a late-quarter surge in demand helped prices somewhat rebound.
Conclusively, potassium sorbate prices in Q4 2023 were influenced by a mix of supply and demand dynamics. Fluctuations in raw material costs, particularly sorbic acid and potassium hydroxide, were driven by unstable global market conditions and supply chain disruptions caused by geopolitical tensions, trade uncertainties, and health crises-related lockdowns. These factors led to sporadic production stoppages and supply shortages, pushing prices up. Additionally, energy costs fluctuated, impacting production expenses. On the demand side, the growing FB industry, seasonal production peaks, regulatory changes in food safety, and a competitive market landscape have all played roles in creating periodic price spikes and influencing overall market pricing strategies.
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Key Points Covered in the Potassium Sorbate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Potassium Sorbate Prices
- Potassium Sorbate Price Trend
- Potassium Sorbate Demand Supply
- Potassium Sorbate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Potassium Sorbate Price Analysis
- Potassium Sorbate Industry Drivers, Restraints, and Opportunities
- Potassium Sorbate 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, Colombia, 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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