Salicylaldehyde Price Trend and Forecast

Regional Price Overview

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

Salicylaldehyde Price Trend for the Second Half of 2023

Salicylaldehyde acts as a key intermediate in pharmaceuticals, fragrances, and agrochemicals. Its role in the synthesis of anti-inflammatory drugs and flavoring agents has contributed to its steady demand in the past few quarters. Additionally, the increasing focus on research and development activities aimed at discovering new applications, particularly in the cosmetics and pharmaceutical industries, further fuel market growth.

Salicylaldehyde Price Chart

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The salicylaldehyde market in Asia experienced mixed trends during the Q3 and Q4 of 2023. Initially, the Indian market faced sluggishness due to overflowing inventory stocks but rebounded swiftly as market demands surged, leading to upward price trends by the end of the last quarter. Similarly, in Europe, market trends for salicylaldehyde fluctuated, largely influenced by feedstock prices such as phenol and sodium hydroxide. In North America, the salicylaldehyde market followed a similar pattern to global trends.

The supply constraints drive prices upward and result in narrow fluctuations, particularly in the end months of the year, predominantly favoring positive trends. Overall, despite initial challenges such as overflowing inventories and supply hindrances, the salicylaldehyde market in major regions exhibited resilience and ended the quarter with upward price movements and relatively stable trends.

Analyst Insight

According to Procurement Resource, the price trend of Salicylaldehyde is expected to remain stable in the upcoming months as the expansion of its industrial usage provides stagnancy to the market and protects it from sudden disturbances.

Salicylaldehyde Price Trend for the First Half of 2023

Salicylaldehyde is primarily used in flavor, aroma, chemical, and other industries. So, the prices depend mostly on the downstream demands from these industries and the feedstock prices, in this case, Phenol and Chloroform.

Salicylaldehyde prices varied as per its feedstock prices throughout the first half of 2023. In the Asian market, high inventories and low demands kept the market on its toes, as a low swinging price trend for Salicylaldehyde was observed. Some reverse fluctuations were seen at the shift of quarters, but an overall declining market behavior was observed.

Similarly, in the American and European markets, a mixed price trend was observed for Salicylaldehyde as the prices were tugged between various factors like transportation costs and supply chains. However, a large part of the Salicylaldehyde market in Europe and America, being dependent on Asian imports, registered a low-wavered price pattern in H1’23.

Analyst insight

According to Procurement Resource, the price trend for Salicylaldehyde are expected to continue behaving in a similar manner since the determining factors like upstream costs and downstream demands appear to be unsettled/volatile.

Procurement Resource provides latest prices of Salicylaldehyde. 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.