Glucose Syrup Price Trend and Forecast

Regional Price Overview

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

Glucose Syrup Price Trend for the Second Half of 2023

Glucose syrup price trends were observed to be vacillating throughout the second half of the year 2023. Since glucose syrup is generally produced via the hydrolysis of plant-based starch, their price trends are closely aligned with each other. A similar pattern was observed in the last two quarters of 2023 as well.

Glucose Syrup Price Chart

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The third quarter was steadier and more stable compared to the fourth quarter as the supply and demand parity was more equal during this time, particularly in the Asian markets. Both domestic and international demands were conducive to glucose syrup market behavior. However, with the freight curtailments of the fourth quarter, especially after the Houthis started attacking container shipments in the Red Sea, the international demands came crashing down.

This created a ripple effect and started pressurizing source inventories with excess stock accumulation. To prevent the situation, suppliers were forced to cut down the prices in order to promote stock movement since the concerned product doesn’t offer a very long shelf life. Overall, a varying price pattern was witnessed.

Analyst Insight

According to Procurement Resource, the Glucose Syrup price trends are expected to continue to behave in a similar manner in the coming months; since the supplies are in excess, the price will take time to improve.

Glucose Syrup Price Trend for the First Half of 2023

The first two quarters of 2023 witnessed a surge in the prices of glucose syrup in India. The major contributing factor to this surge in prices is the consistent decline in the production rates of sugar mills in the region. This led to a reduced influx of glucose syrup in the markets, causing a significant reduction in the level of inventories and, thus, a hike in the price trend.

The effect of these low rates of production was not only limited to India but also to the major glucose syrup-producing regions such as Europe, China, Thailand, etc. In addition to this, the rates of exports from India also surged due to high demand from the international markets; however, due to low input from the producers, this only led to the incline in the prices of glucose syrup.

In conclusion, a variety of factors, including decreased glucose syrup production in India, reduction in the rates of U.S. glucose syrup production, and Indian glucose syrup exports, have affected the price trend for glucose syrup. These factors have pushed glucose syrup prices upward, posing both difficulties and possibilities for market participants.

Analyst Insight

According to Procurement Resource, the price of Glucose Syrup is estimated to incline in the upcoming quarters as the demand for glucose syrup in the global markets seems high while the production rates seem to fall short.

Procurement Resource provides latest prices of Glucose Syrup. 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.