Biotin 2% Price Trend and Forecast

Biotin 2% Regional Price Overview

Get the latest insights on price movement and trend analysis of Biotin 2% in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Biotin 2% Price Trend for the First Half of 2024

The Biotin 2% market in most of the global economies such as the US, experienced a noticeable downward trend, primarily driven by weakened demand across its key downstream sectors such as pharmaceuticals, cosmetics, and nutraceuticals. The combination of economic uncertainty and ample supply weighed heavily on market dynamics. In April, market activity stagnated due to the reduced demand, a reflection of subdued consumer sentiments amid broader economic challenges.
 

Biotin 2% Price Chart

Please Login or Subscribe to Access the Biotin 2% Price Chart Data
 

The U.S. economic landscape faced significant headwinds, with a complex interplay of factors contributing to this trend. Anticipation of potential interest rate cuts by the Federal Reserve created an environment of uncertainty, which, coupled with persistent inflationary pressures, caused businesses and consumers to adopt a more cautious approach. The efforts to manage inflation while supporting economic growth also proved difficult, impacting consumer spending patterns and leading to a cautious market outlook.

The broader economic environment added further strain to the Biotin 2% market, as the first quarter of the year saw a more pronounced slowdown than anticipated, with both consumer spending and exports decelerating. This situation resulted in a build-up of unsold goods, which, in turn, exerted additional pressure on Biotin prices. The business activity in the U.S. also showed signs of contraction Consequently, the downstream sectors reliant on Biotin saw a pullback, reinforcing the negative pricing

Analyst Insight

According to procurement resources, the price of Biotin 2% is thus expected to bear the consequences of excessive pressure of weak economic policies and subsequent frail procurement rates of the downstream industries.
 

Biotin 2% Price Trend for the Second Half of 2023

Biotin, 2% prices, were found following an oscillating trajectory during the second half of the year 2023. The Biotin market had a strong start during the month of July, primarily because of the rise in feedstock sugar and corn prices. However, the trade dynamics became complicated as time progressed, especially over the international waters. Such a long extension of the Russian war trampled the European supply chains, and the Black Sea Deal also terminated in July; on top of that, the drought-like situation in the Panama Canal caused vessel congestion at the ports. This hindered the procurement activities.

These difficulties played with customer sentiments and caused a depreciation in downstream demands, which eventually forced the suppliers to discount the selling prices in order to maintain the stock movements. A decline in industrial activities in the latter Q4 because of the New Year holidays in the key global markets was also responsible for the downfall in market demands. Overall, a varying price trend was witnessed for 2% Biotin in H2’23.

Analyst Insight

According to Procurement Resource, as the downstream sector regularises, Biotin 2% market prices are also expected to normalize in the months ahead.
 

Biotin 2% Price Trend for the First Half of 2023

Asia

Biotin 2% observed mixed price patterns in the Asian market in the first half of 2023. The prices started slowly as the Chinese industrial revival was still going slow. The supplies depended on existing inventory stocks which could sufficiently cater to the consistent and stable demands from downstream pharmaceutical and fodder markets. By late Q1, prices started stabilizing as the inventories started depleting.

The second quarter began with inclined price patterns as the supply constraints started affecting market fundamentals. However, towards the end of Q2, production ramped up, and the gap between supply and demand parity continuously decreased. After that, the Biotin 2% prices continued on a declining trajectory.

Europe

The European Biotin, 2% market, exhibited fluctuating price trend throughout the said period. Europe is dependent on Chinese imports for its Biotin 2% requirements. But as the inflation deprecated European currencies, imports were relatively expensive and kept the markets anchored for most of the first quarter.

Stable demands kept driving the market sentiments, and prices stayed inclined; it was only in the middle of Q2, around May, that the end user inquiries started subsiding, and supplies dominated the market dynamics. Prices were set on a declining trajectory for the rest of the second quarter.

North America

American Biotin's 2% market behaved no differently than other global markets in the first two quarters of 2023. Quarter one witnessed declined prices as the supply chains were restored with an improved freight situation. Existing inventories were able to support the stable demands from the downstream industries.

At the onset of the second quarter, prices inclined with the rise in demand for about a month. Given the newfound momentum, the traders over-ordered the product, which soon led to the saturation of the market as the demand subsided in the coming months. Hence, the price trend for Biotin 2% declined for the rest of the said period.

Analyst Insight

According to the Procurement Resource, the Biotin 2% prices are expected to exhibit a similar price pattern for the upcoming months until the downstream demands overtake the supply dynamics. Overall, oscillating market trend are expected.

Procurement Resource provides latest prices of Biotin 2%. 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.