Vinegar Price Trend and Forecast

Vinegar Regional Price Overview

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

Vinegar Price Trend for the Second Half of 2023

In the third quarter of 2023, the vinegar market experienced divergent trends across different regions, primarily influenced by the changing dynamics of the acetic acid market. In Asia, particularly in China and India, prices showed a consistent upward trend due to increased industrial and manufacturing activities.
 

Vinegar Price Chart

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The Chinese economy performed better in this period, contributing to a steady rise in vinegar prices, a trend mirrored in the Indian market. The overall sentiment in Asia was positive, with expectations of further price increases.

In contrast, Europe faced declining vinegar prices throughout the third and fourth quarters of 2023. However, the southward pace was mild in the last quarter as compared to the third. European manufacturers struggled with high interest rates and persistent inflation, compounded by the ongoing Russia-Ukraine conflict, leading to an overall negative market outlook. Similarly, North America saw a downward trajectory in vinegar prices.

High interest rates and weak support from feedstock costs contributed to the declining prices, resulting in an underwhelming market performance. Both Europe and North America faced economic challenges that kept vinegar prices low, reflecting broader market uncertainties and lackluster conditions. Despite the regional disparities, the vinegar market displayed a complex mix of growth and decline, heavily influenced by regional economic and geopolitical factors.

Analyst Insight

According to Procurement Resource, the price of Vinegar is estimated to follow the trail of acetic acid. The feedstock market outlook for the H1 of 2024 looks uncertain as the rising geopolitical challenges and surge in crude oil prices might change the consumer confidence and production output of vinegar.
 

Vinegar Price Trend for the First Half of 2023

Vinegar is a 4-8% solution of acetic acid, predominantly consumed in culinary practices across the world. Other than cooking, vinegar is also used for preserving and pickling foods for longer times. A double fermentation process is usually employed to convert simple sugars to ethanol and then to acetic acid in the presence of acetobacter bacteria.

During the first two quarters of 2023, mixed price trend were observed. The Lunar New Year Holidays in China boosted the food market. Demands surged, and so did vinegar prices; hence, the first quarter was very positive.

However, as production ramped up, supplies started exceeding demands by large margins, and inventories started piling; this pushed the market trend downwards in the second quarter. The suppliers were forced to discount the prices in order to retain stock movement and sales numbers. Overall, market sentiment was positive.

Analyst Insight

According to Procurement Resource, a healthy market dynamic is expected for Vinegar going further in the upcoming quarter.
 

Vinegar Price Trend for the Second Half of 2022

Asia Pacific

In the Asia-Pacific region, a gradual decline in the prices of vinegar was observed. The prices declined significantly despite the stable demand from the end-user industries. The reoccurrence of covid cases leading to disturbances in the trading activities in China, along with fear of typhoons in Japan region forced the prices of vinegar to follow a downward trajectory.

Europe

The long-time shadows of high inflation rates hovered over the European region which caused the prices of vinegar to decline in the region. The prices also suffered from the surging costs of energy production. From the demand point of view, the prices had to face low interest from the downstream industries due to which certain plants had to restrict their production rates. Weak market dynamics, high costs of energy production, and low demand led to the declining trend for vinegar prices in the European market in the last two quarters of 2022.

North America

A consistent decline in the prices of vinegar was observed in the North American region in both, the third and fourth quarters of 2022. The effects of the ongoing Russia-Ukraine war and the persistent threat of recession declined the confidence of consumers in the market. The prices were further affected by the soaring inflation rates and weak consumption of acetic acid-derived products. In the fourth quarter, the recession led to an economic slowdown in the region, deteriorating the manufacturing and production industries significantly and thus aiding in the declining price trend for vinegar.

Analyst Insight

According to Procurement Resource, the price trend for Vinegar are expected to rise in the upcoming months. The positive change in prices will majorly be due to the improvement in demand and supply chain dynamics globally.

Procurement Resource provides latest prices of Vinegar. 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.