In the second half of 2024, the prices of Biotin 2% exhibited moderate fluctuations, remaining largely within a stable band. During the third quarter, the market was stable with moderate price fluctuations caused by occasional supply chain disruptions. Purchasing activities were already high during the earlier period when prices were low, which resulted in minimal demand during this time. Demand for the product remained stable in the supplement and skincare industries. Prices were unable to rise rapidly due to weak cost support and stable trading conditions. A temporary incident at one of the German plants resulted in supply chain disruption for a short time, which caused some market instability. However, the incident had little effect on the vitamin market.
In the fourth quarter, prices of Biotin 2% increased as demand increased in key markets such as Europe and North America. This was because of increased consumer confidence and a favorable economic environment, leading to higher buying activity. This resulted in a buildup of stocks before holiday-related shutdowns at factories and ports, thus exerting upward pressure on prices.