Dipotassium Phosphate Price Trend and Forecast

Dipotassium Phosphate Regional Price Overview

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

Dipotassium Phosphate Price Trend for the Q1 of 2024

The dipotassium phosphate market is driven by its extensive use as a food additive, fertilizer, and buffering agent in various industries. Increasing demand for processed foods and beverages boosts its use as a stabilizer and emulsifier. The agriculture sector relies on it for its effective fertilizer properties and contributes significantly to its downstream industry share. Additionally, the pharmaceutical industry utilizes dipotassium phosphate in medications and supplements, enhancing market growth.
 

Dipotassium Phosphate Price Chart

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Therefore, the dipotassium phosphate prices, influenced by the broader trends in the food additives sector, experienced an oscillating trend during the first quarter of 2024. Globally, the traders experienced the effects of the alteration of the Red Sea trading route. The attacks by the Houthi militia on commercial vessels disrupted the cargo flows. In response to this, the US and UK launched counterattacks against the rebels in Yemen, further depreciating the trading activities.

In the feed additive sector, the diversion of freight routes through South Africa instead of the Suez Canal increased lead times and the logistics cost incurred by the consumer sector. The slowing down of production activities in Asian countries with the onset of the Chinese New Year holidays and a halt in deliveries by Western suppliers also contributed to the surge of prices of feed additives such as dipotassium phosphate.

Analyst Insight

According to Procurement Resource, the price of Dipotassium Phosphate is estimated to incline with the rise in the transportation costs and changing dynamics of the feed additive and fertilizer sector. However, consumer spending habits and increasing inflationary pressure might limit its growth in the next quarters.

Procurement Resource provides latest prices of Dipotassium Phosphate. 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.