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Written by Allen » Updated on: October 23rd, 2024
Oleic acid (food grade) ended the quarter at 1405 USD/MT. Report includes global market developments, updates, and trend, offering timely info.
The latest report by IMARC, titled "Oleic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of oleic acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Oleic Acid Prices December 2023:
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The study delves into the factors affecting Oleic Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/oleic-acid-pricing-report/requestsample
Oleic Acid Price Trend- Q4 2023
The oleic acid market is being primarily propelled by the widespread application of oleic acid across diverse downstream industries, which has notably influenced demand-supply dynamics, especially in the fourth quarter of 2023. The pivotal drivers behind this market rise include heightened demand from derivative sectors, fluctuations in inventory levels, and the intricate interplay of trading fundamentals. Notably, regions such as North America have witnessed a rise in demand from downstream businesses, alongside tightened supply conditions, resulting in a notable uptick in oleic acid prices. This increase in prices is further fueled by robust trading fundamentals and reduced stock levels, which have collectively contributed to elevated production costs and subsequently higher market prices. Similarly, the Asia-Pacific region has experienced a bullish trend, driven by stringent supply conditions contrasted with vigorous demand from industries reliant on oleic acid.
Oleic Acid Market Analysis
The global oleic acid market size reached US$ 316 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 444.8 Million, at a projected CAGR of 3.90% during 2023-2032. In North America, the oleic acid market encountered various influences on prices during the fourth quarter of 2023. Challenges arose due to an oversupply and subdued demand from downstream industries, leading to a significant price decline throughout the quarter. The surplus inventory, fueled by heightened production activities and raw material availability, exerted downward pressure on prices. Complicating the situation were upstream factors, particularly the decrease in Sunflower oil prices. In December, sunflower oil prices persistently dropped due to continuously reduced demand.
The oleic acid market in the APAC region encountered various factors influencing pricing dynamics during the fourth quarter of 2023. Primarily, a substantial rise in production activities led to an oversupply of oleic acid, contributing to a significant price decline. This surplus, combined with diminished demand from both domestic and international buyers, further exacerbated the downward trend in prices. Additionally, the market faced challenges stemming from decreased consumer interest and a slowdown in industrial adoption, placing additional pressure on the demand for oleic acid.
In the fourth quarter of 2023, the European region witnessed a decline in oleic acid prices, influenced by various factors impacting the market. The cost of the primary raw material decreased, leading to reduced production costs for oleic acid manufacturers. Consequently, these cost savings were passed on to consumers, resulting in a price decrease. An oversupply of oleic acid in the market exerted pressure on prices, prompting a reduction to clear existing stocks. This shift in pricing dynamics has implications for market experts and traders who strategically built-up excipient stocks in anticipation of an expected rise in demand from their respective end-user sectors. The anticipation was rooted in the expectation of an increased influx of inquiries from the downstream sector, prompting proactive stockpiling.
Key Points Covered in the Oleic Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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