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 potassium sorbate market is primarily driven by its widespread use as a food preservative across various segments of the food and beverage (F&B) industry. Its ability to inhibit molds, yeasts, and fungi makes it particularly valuable in extending the shelf life of perishable goods such as dairy products, baked goods, and beverages. The increasing global demand for processed and ready-to-eat (RTE) food products, fueled by changing lifestyle patterns and growing consumer awareness about food safety, has significantly contributed to the expansion of the potassium sorbate market. Moreover, as consumers become more health-conscious, there is a noticeable shift towards products containing natural preservatives, which has led manufacturers to incorporate potassium sorbate due to its safety profile and effectiveness. Additionally, the cosmetic industry contributes to the demand for potassium sorbate, utilizing it in various products to prevent spoilage and maintain product integrity.
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. During the fourth quarter of 2023, the North American potassium sorbate market experienced significant price fluctuations. Initially, prices surged due to increased consumer demand, influenced by a rebound in manufacturing and escalating inflation. However, a subsequent drop in demand led to a mid-quarter price decline, despite a slight recovery as the quarter closed. In the APAC region, prices initially rose, driven by festive demand but fell in November due to reduced buying activities, recovering again in December due to seasonal demand spikes. In Europe, prices saw an initial increase driven by demand from the F&B sector but faced a significant drop due to an oversupply and reduced raw material costs, though a resurgence in demand late in the quarter helped prices recover slightly.
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 F&B 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.
Browse Full Report: https://www.imarcgroup.com/potassium-sorbate-pricing-report
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, 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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