Tricalcium Phosphate Price Trend and Forecast

Regional Price Overview

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

Tricalcium Phosphate Price Trend for the Second Half of 2023

Asia

The tricalcium phosphate price trend noted a significant decline during the early months of the third quarter of 2023. The fall in the market dynamics was driven by the lack of demand from the downstream industries and the pessimistic approach of the consumer sector. This downturn in the market was also influenced by the fluctuation in economic activities and the slowing down of the industrial sector.

Tricalcium Phosphate Price Chart

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In addition to this, the number of overseas inquiries seemed to be affected by the disruption of the Red Sea route. However, the market regained its momentum in the fourth quarter as, in view of favorable demand, the inventories dried up at a much faster pace than the production could match up. In addition to this, as the year approached its end, the number of bulk orders increased by several folds and helped in the northward movement of tricalcium phosphate prices.

Europe

In European countries, a downward trend in the prices of tricalcium phosphate was observed as the excessive oversupply of the product raised the level of inventories. This only escalated the concerns of the traders, and they were forced to opt for destocking activities in order to balance the supply-demand equilibria. The cost of raw materials also witnessed a noticeable reduction, which further reduced the overall prices of production and, in turn, the price trend of tricalcium phosphate.

North America

The tepid demand and ongoing economic struggles in the US kept the price trend of tricalcium phosphate on the lower end of the spectra throughout the third quarter of 2023. The losses incurred by the traders and manufacturers were majorly influenced by the negative interest of the consumers in this sector amid the economic challenges and strict measures being adopted by the banking sector. However, the market rebounded significantly in the last quarter of 2023 as consumption activities improved, and in view of hikes in production prices, the price trend of tricalcium phosphate also inclined.

Analyst Insight

According to Procurement Resource, the price trend of Tricalcium Phosphate is expected to be driven by the rising interest of the downstream industries and easing global inflationary pressure.

Tricalcium Phosphate Price Trend for First Half of 2023

Asia

Tricalcium phosphate prices surged in the first quarter of 2023 as the food industries increased their production rates after a long season of stagnancy. In all, all the end-user industries contributed to the high demand for the product in the region. In addition to this, the low level of inventories also supported the hike in the prices. However, in the second quarter, the trend tumbled, and prices declined significantly. The number of offtakes, demand from downstream industries, and overall market dynamics of tricalcium phosphate subdued in the region, and as a result, the price trend also declined.

Europe

The first quarter proved to be favorable for the tricalcium phosphate market. The demand dynamics from downstream industries remained high as the rates of consumption also improved. The major contributor to this rising price trend was the all-time high export rates supported by the rise in the number of offtakes from the overseas sectors. But the second quarter did not follow this trend as the movement of international industries declined gradually. In addition to this, high levels of inventories and compromised trading activities caused the prices of tricalcium phosphate to move downwards.

North America

As seen in the Asia-Pacific and European countries, the price trend of tricalcium phosphate inclined in the first quarter due to the restricted supply of products in the region. The limited trade activities, rising rates of inflation, and high cost of oil concerned the traders.

The strong number of offtakes and insufficient inventories helped the prices of tricalcium phosphate to surge. However, a significant decline was seen in the second quarter. The market dynamics were disturbed by the weak movement of downstream industries, and high economic instability in the economy was the major factor that led to the fall in the price trend of tricalcium phosphate.

Analyst Insight

According to Procurement Resource, the price trend of Tricalcium Phosphate is expected to fall. The market activities of tricalcium phosphate seem to decline globally due to falling demand and high uncertainties in the global economy.

Procurement Resource provides latest prices of Tricalcium 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.