Pectin Price Trend and Forecast

Pectin Regional Price Overview

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

Pectin Price Trend for the First Half of 2024

Pectin, a soluble gelatinous polysaccharide, is extracted from citrus fruits and is primarily consumed in the food and pharma industries. During the first half of the year 2024, the prices showcased a mixed trend depending upon regional supply and demand dynamics. At the beginning of the year, prices were steady in the Asian markets in the early first quarter. As the quarter progressed, the prices turned southwards because of a combination of many factors like high inventories, reduced downstream demand, and cautious procurement. A slight recovery was seen at the shift of quarters.
 

Pectin Price Chart

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The supply was adversely affected in many parts in the second quarter. The climatic effects reduced the yield and compromised the quality of raw materials and source agriculture commodities. This made the extraction of Pectin difficult as the availability of feedstocks was lowered. Apart from this, citrus production faced another challenge because of the Huanglongbing (HLB) disease. During the said period it affected the plantations in the U.S.A., Brazil, and China.

The plants affected by the disease showed poor juice quality, reduced fruit size, and tree mortality. This all affected the supply of citrus fruits, which in turn affected the production of Pectin. Additionally, high freight charges and limited product availability disrupted the supply of the commodity. Geopolitical issues such as the Israel-Gaza war and the Red Sea crisis added to the logistical challenges. Therefore, some price inclines for pectin were seen in Asia and the USA at the beginning and end of the second quarter. However, the general market trend remained buoyant for the most part.

Analyst Insight

According to Procurement Resource, pectin prices are likely to fluctuate within very narrow limits in the upcoming quarter as well, since the demands are not projecting much change, and the supply outlook also appears stable.

Procurement Resource provides latest prices of Pectin. 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.