Sodium Ascorbate Price Chart and Forecast Data | IMARC Group

According to last quarter's Sodium Ascorbate Price Chart, prices were 2730 USD/MT in the United States, 2581 USD/MT in China, and 2708 USD/MT in Germany.

The Sodium Ascorbate industry is driven by its versatile applications across various industries, particularly in pharmaceuticals, food and beverages, and cosmetics. Its primary role as a source of Vitamin C makes it essential for dietary supplements and pharmaceutical formulations aimed at boosting immune health, especially during cold and flu seasons. The increasing consumer awareness about health and wellness propels the demand for Vitamin C supplements, enhancing the industry for Sodium Ascorbate. Additionally, its antioxidant properties make it valuable in the food industry for preserving freshness and preventing oxidation in processed foods. The cosmetic industry leverages Sodium Ascorbate for its skin-beneficial properties, including anti-aging and brightening effects, further driving its industry demand. Technological advancements in manufacturing processes and increased production capacities also contribute to industry growth by ensuring consistent supply and quality. Furthermore, the global trade dynamics and geopolitical factors influence supply chains, impacting the industry landscape. Overall, the growing emphasis on health, coupled with wide-ranging applications, underscores the robust demand for Sodium Ascorbate.

Sodium Ascorbate prices in Q1 2024 were influenced by several factors, including supply chain disruptions and geopolitical tensions. Seasonal demand during the cold and flu season further drove prices up. Industry shutdowns in exporting countries, particularly China ahead of the Lunar New Year, hampered imports until mid-February, maintaining elevated prices. Rising freight and transportation costs compounded logistical challenges, impacting trade momentum and creating an imbalanced supply-demand outlook.

Particularly in China, Sodium Ascorbate prices in Q1 2024 saw notable fluctuations. The industry experienced an upward trajectory due to increased demand from end-users and international industries. Limited supply and manufacturing slowdowns, coupled with labor shortages and reduced export momentum, drove prices higher. Post-holiday resumption of operations and increased inquiries further supported prices. Additionally, easing trade disruptions and dropping freight charges towards the quarter's end stabilized the industry.

In Europe, Sodium Ascorbate prices in Q1 2024 rose significantly, with Germany seeing pronounced fluctuations. Heightened demand from the downstream sector during the peak cold and flu season and increased travel drove the need for immune-supporting supplements. Supply chain disruptions, geopolitical tensions, and rerouting of shipping lines due to Red Sea tensions led to increased shipping costs and delays. Rising freight costs globally and a slowdown in export-import activities added to the pricing dynamics, which eased as the quarter progressed.

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand

• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

• North America: United States and Canada

• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco