Malic Acid Price Trend and Forecast

Regional Price Overview

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

Malic Acid Price Trend for the October - December of 2023

Asia

The year-end quarter of 2023 did not work in favor of malic acid prices as they inched lower as compared to the third quarter. The largest economies of the world experienced a slowdown in their economic sector, and thus, the rate of procurement of malic acid faced a consistent decline.

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The cost of benzene, which serves as an important feedstock material, also witnessed a substantial fall, and on account of this, the entire production cost moved southwards. Amid these challenging economic conditions and rising uncertainties, consumer confidence in the malic acid market wavered, leading to a gradual decline in the malic acid price trend.

Europe

The malic acid price dynamics in Europe were no different than in the rest of the world. The subdued appetite of consumers and lower trading activities worried the traders and the manufacturing industries. The production sector of malic acid also witnessed a significant decline in the cost of maleic anhydride due to which the manufacturers had to reduce their price quotations. On the other hand, the production of malic acid in European countries surpassed the number of orders and inquiries from the end-user industries, eventually causing a shoot-up in inventory levels, which forced the traders to lower their malic acid prices.

North America

As the year and the quarter approached its end, the malic acid price trend declined. The manufacturing sector underwent significant constriction in its budgets as the economic challenges caused ripples in the entire market dynamics.

The consumer also adopted a pessimistic attitude and a need-to approach as their own spending was under the excessive pressure of rising inflationary pressure. Further, the decline in the cost of crude oil during the end phase of this quarter raised the number of struggles of the malic acid market and thus eventually resulted in the downfall of malic acid price trend.

Analyst Insight

According to Procurement Resource, the price trend of Malic Acid are estimated to grow but gradually. The slow and steady recovery of the global economy, along with the rise in construction activities, are expected to favor the uptick in malic acid prices in the upcoming months.

Malic Acid Price Trend for the July-September of 2023

Asia

The malic acid prices faced a steep decline in the third quarter of 2023 as the slow movement of the Asian economy hampered the sentiments of the malic acid market. Not only the malic acid market, but its feedstock materials also struggled to maintain its momentum.

The production activities gradually picked up their pace after a long stretch of COVID-19, but the number of new inquiries from the domestic and overseas industries declined by a significant margin. Amid the weak economic conditions, the consumers also remained hesitant in placing orders in bulk leading to the fall in the malic acid price trend.

Europe

In Q3, the malic acid market suffered from the oversupply of the product and subdued demand. The market sentiments also declined as domestic traders struggled to maintain trading activities while raw materials also faced a noticeable decline in their prices. As a result of this, the cost of production fell consistently. In addition to this, the rates of exports of European countries also suffered from lowering of procurement rates ultimately resulting in the downfall of malic acid prices.

North America

In North America, the inventories of malic acid rose significantly as the rates of production inclined with the revival of the industrial sector. However, the prices of raw materials consistently declined in turn adversely affected the malic acid price trend.

The trajectory of the malic acid price graph was also negatively affected by the sustained rates of inflation and the cautious buying attitude of the consumers. In addition to this, the strengthening of the Chinese currency as compared to the US dollar further escalated the downward journey of malic acid prices.

Analyst Insight

According to Procurement Resource, the price trend of Malic Acid are estimated to face southwards as the demand and support from the feedstock industries do not seem to improve in the upcoming quarters.

Malic Acid Price Trend for the First Half of 2023

Asia

The first quarter of 2023 proved to be favorable for the rise in maleic acid prices. Severe disruptions in the supply chains and low rates of production led to the scarcity of feedstock materials in the region, and with the onset of the Lunar New Year holiday season in China, the market activities slowed down.

However, the intercontinental demand rose significantly, and with less availability of the product, the price trend of maleic acid inclined. In the second quarter, the price trend fell abruptly amid severe fluctuations in economic conditions. The demand from end-user industries dipped, and the supply of the product remained constrained, which eventually negatively impacted the prices of maleic acid.

Europe

The European market of maleic acid continuously declined in the first two quarters of 2023 as the feedstock costs declined significantly in these quarters. Also, with the rise in inflation rates and energy costs, the industrial outlook in the region suffered adversely.

In the second quarter, the decline in cargo charges and strikes of labor workers led to disruptions in the logistic chains along with the shutting down of some significant production chains. Hence, the prices of maleic acid took a dip.

North America

The operational rates of maleic acid remained weak throughout the first quarter of 2023 amid the feeble demands. As seen in the European region, the sliding cost of cargo and interruptions in the supply chain also contributed to the fall in the prices of maleic acid.

The second quarter witnessed soaring rates of inflation due to the ongoing financial crises after the shutting down of two major US banks. The feedstock and upstream sectors also failed to provide the required support, and as a result, the prices of maleic acid continued to decline in the second quarter.

Analyst Insight

According to Procurement Resource, the price trend of maleic acid is expected to depict a falling trajectory with a fall in downstream demand and rising inflation levels.

Procurement Resource provides latest prices of Maleic Acid. 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.