Trichloroacetic Acid Price Trend and Forecast

Trichloroacetic Acid Regional Price Overview

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

Trichloroacetic Acid Price Trend for the Second Half of 2023

Asia

The trichloroacetic acid price trend was based on the limited movement in the feedstock prices and subdued interest of the consumers during the third and majority of the fourth quarter of 2023. The inquiries from the downstream industries declined because of the weak position of the global economy and the meek interest of the overseas players in the Asian markets.
 

Trichloroacetic Acid Price Chart

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Another cause of this feeble dynamics of the market was the loss of export volumes due to the re-routing of the Red Sea route on account of the Israel-Hamas crisis. There was a slight relief in the market trend during the initial phase of the fourth quarter as the market noticed the scarcity of raw materials, but as the year approached its end, the dynamics changed to the negative side, and the prices of trichloroacetic acid declined.

Europe

The declining pace of prices of trichloroacetic acid was mild in the third quarter but swift in the fourth quarter of 2023. The depreciating cost of raw materials and consistently falling demand for trichloroacetic acid resulted in poor growth dynamics. Additionally, the rate of procurement of downstream products belonging to the category of agrochemical and surfactants also remained meek throughout the H2 of 2023, exerting a negative influence on the trichloroacetic acid price trend.

North America

The support from the feedstock industries remained tepid during the third quarter of 2023, which led to fluctuations in the prices of trichloroacetic acid. The enthusiasm and number of queries from the downstream were almost negligible and thus cannot assert any positive influence on the trichloroacetic acid market dynamics. These oscillations resulted in the decline in the prices of trichloroacetic acid in the final quarter of 2023 as the economic downfall of the region accelerated the pace of the downward movement of the trichloroacetic acid price trend.

Analyst Insight

According to Procurement Resource, the price trend of Trichloroacetic Acid is expected to be driven by the uncertain demand from the downstream industries and the slow-paced recovery of the global economy.
 

Trichloroacetic Acid Price Trend for the First Half of 2023

Asia

Trichloroacetic Acid price trend closely mimic any fluctuations in feedstock acetic acid and chlorine prices. A very mixed price trend was observed for Trichloroacetic Acid during the said period as downstream chemical and cosmetic industries drove the market fundamentals. With stable supplies and sufficiently available inventories, the market had a good run at the beginning of 2023.

Prices grew with a positive inclination in the first quarter. But as the quarter shifted, excess supplies started piling up since the market demands started dipping. So, the market momentum shifted southward, with market sentiments turning dull. Overall, fluctuating market trend were observed.

Europe

In the European Trichloroacetic Acid market, oscillating price trend were observed throughout the discussed period. Surging acetic acid prices provided considerable cost support initially, but heavy inventory stocks coupled with dull demands started dominating the Trichloroacetic Acid market trend soon. So, low swinging price trend were observed as the market felt tugged. Overall, the Trichloroacetic Acid managed to stay afloat during both the quarters.

North America

The North American market lacked cost support as the trend began on a low note in January’23. The market didn’t get any chance to pick up throughout the said period as the prices remained on a downhill trajectory. The eased imports and freight prices, already existing inventories amid feeble demands caused the Trichloroacetic Acid market to exhibit bearish sentiments.

Analyst Insight

According to Procurement Resource, the Trichloroacetic Acid price trend are expected to continue to fluctuate since both feedstock costs and downstream demands are currently feeble and volatile.

Procurement Resource provides latest prices of Trichloroacetic 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.