Colloidal Silicon Dioxide Price Trend and Forecast

Colloidal Silicon Dioxide Regional Price Overview

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

Colloidal Silicon Dioxide Price Trend for the Q1 of 2024

Asia

The onset of the first quarter of 2024 brought noticeable changes in the colloidal silicon dioxide market. Initially, the market struggled with the sluggish outlook of the downstream food and pharmaceutical industries. This slowdown could be attributed to the weak condition of the Asian manufacturing sector, particularly in India, and the decline in the number of inquiries from overseas players.
 

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The surge in inventories and dim momentum of the market was overturned in the next phase of the quarter. The traders noticed a gradual improvement in the demand for the commodity and an improvement in the trading environment. International demand also showcased a strong recovery, asserting a strong influence on the uptick in the prices of colloidal silicon dioxide.

Europe

The price trend of colloidal silicon dioxide was not much different from the Asian countries as the market here also registered a slight downturn in the initial phase and recovery in the later. During the first month of the quarter, the end-user industries such as healthcare and related sectors presented meek demand amid the ongoing uncertainties regarding the economic outlook of the European countries.

However, in the subsequent months, the demand grew at a consistent pace, but the logistical challenges, significant inclination in the freight charges, and limited imports from China due to the onset of Spring festival holidays made the procurement of the commodity difficult. The consequence of these factors was the widening of the supply-demand gap, giving the traders a window to increase their price quotations for colloidal silicon dioxide.

North America

The cautious buying activities of consumers due to rising rates of interest and worsening inflationary pressure during the first phase of the quarter asserted a negative influence on the colloidal silicon dioxide market momentum. However, similar to the Asian and European countries, the market experienced a strong rebound in the adjacent months.

The demand for the commodity in both domestic and overseas markets outpaced production volumes, eventually leading to an incline in the pricing trajectory. The rise was also supported by the escalating supply chain challenges and delays in shipment arrival due to the Red Sea crisis and low water levels in the Panama Canal.

Analyst Insight

According to Procurement Resource, the price trend of Colloidal Silicon Dioxide is expected to turn upside after a strong global recovery during the first quarter of 2024. The growth of the market is estimated to stem from supply constraints and rising demand for the commodity.

Procurement Resource provides latest prices of Colloidal Silicon Dioxide. 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.