Acetoin Price Trend and Forecast

Acetoin Regional Price Overview

Get the latest insights on price movement and trend analysis of Acetoin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Acetoin Price Trend for the Year 2024

Asia

Throughout 2024, the Asian acetoin market experienced fluctuating trends with regional variations. Q1 began with moderate price increases driven by supply constraints from Chang Chun Plastics' maintenance shutdown in Taiwan. Post-Spring Festival saw manufacturing revival as facilities restarted to meet renewed demand. By mid-year, prices climbed as pharmaceutical and personal care sectors increased consumption.
 

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However, Q3 witnessed a reversal with prices declining due to stagnating propylene costs and sluggish market activity. South Korean markets faced particularly challenging Q4 conditions with decreasing prices from weak procurement and limited trading as buyers remained cautious.

Europe

European acetoin markets showed a predominantly bearish trend throughout 2024. Q1 saw price increases driven by demand from solvents and cosmetics industries, with pressure from rising feedstock costs. By Q2, the market reversed as oversupply emerged alongside abundant propylene availability. The third quarter brought temporary relief in some countries, though plant shutdowns at CEPSA and Seqens Group and port worker strikes created disruptions. Q4 remained under pressure from persistent oversupply and reduced demand from key sectors.

North America

The North American acetoin market exhibited mixed performance in 2024. The year began with declining prices, stabilizing by late Q1 as inventories balanced moderate demand. Q2 saw initial price increases driven by robust downstream demand, followed by late-quarter decreases amid high inventory levels. Q3 brought significant price declines as demand weakened across cosmetics and pharmaceutical industries despite production disruptions. The fourth quarter maintained this bearish momentum despite occasional supply uncertainties, with prices continuing downward amid steady but unexciting demand.

Analyst Insight

According to Procurement Resource, Acetoin prices will likely follow feedstock cost trajectories and downstream industry performance in the coming year. Regional supply-demand balances will remain crucial determinants, with potential recovery dependent on improvements in key end-use sectors.
 

Acetoin Price Trend for the Second Half of 2023

Asia

In the second half of 2023, the Asian acetoin market demonstrated significant growth, particularly in China and India. The third quarter saw a steady upward trajectory as demand from food and beverage industries surged across the region. This was supported by increased consumption in dairy products and baked goods where acetoin serves as a key flavouring agent.

However, the fourth quarter experienced some resistance as manufacturing sectors began to face economic uncertainties. Chinese markets showed signs of stabilization toward year-end, while Indian demand remained relatively robust despite some economic headwinds. Overall, regional production capacity expanded to meet the growing demand, though margins were squeezed by rising operational costs.

Europe

European acetoin markets faced considerable challenges throughout H2'23. The third quarter began with optimistic projections, but competitive pressure from Asian imports gradually eroded price stability. By mid-quarter, suppliers implemented strategic discounts to maintain market share against cheaper foreign alternatives. As the fourth quarter progressed, acetoin prices further declined amid weak procurement from food industries and fragrance manufacturers. Supply chain disruptions related to ongoing regional conflicts complicated logistics and elevated transportation costs. European producers struggled to maintain profitability as energy costs remained high while selling prices were forced downward due to market competition.

North America

North American acetoin markets displayed mixed trends during H2'23. The third quarter started strong with healthy demand from food processing and fragrance sectors driving steady price appreciation. Domestic production remained sufficient to meet local requirements while also supporting export opportunities. However, the final quarter brought challenges as logistical issues, particularly related to the Panama Canal, severely impacted export capabilities. This created a temporary oversupply situation in domestic markets, putting downward pressure on prices. Despite these hurdles, the underlying demand fundamentals remained relatively stable compared to other regions.

Analyst Insight

According to Procurement Resource, Acetoin price movements are expected to closely follow downstream industry performance, particularly food processing and cosmetics sectors. While regional variations will persist, global supply chain improvements could help stabilize market conditions.
 

Acetoin Price Trend for the First Half of 2023

Asia

The production of Acetoin involves the condensation dimerization of acetone, and thus, its price trend is dependent on the market sentiments of acetone. The first quarter witnessed an incline in prices during the initial months; the prices rose with the help of accelerating crude oil costs.

The upstream products, such as naphtha and polymers, also helped in the rise in the prices of Acetoin. In addition to this, many manufacturing plants went under maintenance shutdown and thus disrupted the supply of Acetoin. The prices were able to maintain a stable trajectory in the second quarter, too, with the help of the increase in the number of queries from importing nations. During the end phase of the quarter, the domestic inventories inclined while demand fell consistently, hampering the price trend of Acetoin.

Europe

The rise in feedstock prices and volatility in the cost of crude oil helped in the growth of Acetoin prices during the first quarter of 2023. Another significant contributor to this rise in prices was the slow rates of production and consistent fall in the cost of logistics in the European region. The uptick in the prices was followed in the second quarter too initially. But during the second half of this quarter, the sentiment took a bearish turn with the fall in the cost of feedstocks and plunging consumer interest in the sector.

North America

In North America, the costs of production were stable during the initial phase of the first quarter but soon inclined with the rise in demand. Amid the high procurement rates of end-user industries, the supply of Acetoin remained slow throughout the first and second quarters, which in turn supported the northward trajectory of Acetoin prices. In the second quarter, however, the prices began to decline due to the weak momentum of the feedstock market and a reduction in the number of orders from the international sectors.

Analyst Insight

According to Procurement Resource, the price trend of Acetoin is expected to follow an oscillating trajectory as the consumption rates of consumers and the performance of the feedstock materials will dictate the movement of Acetoin prices.

Procurement Resource provides latest prices of Acetoin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.