Ascorbic Acid Prices Rise Due to Strong Industry Demand

In the last quarter of 2024, the ascorbic acid prices in the United States surged to 3,572 USD/MT.

North America Ascorbic Acid Prices Last Quarter:
 

Ascorbic Acid Prices in the United States:

In the last quarter of 2024, the ascorbic acid prices in the United States surged to 3,572 USD/MT. This increase was driven by a combination of factors, including heightened demand from industries such as pharmaceuticals and food processing, where ascorbic acid is used as an essential ingredient. Supply chain disruptions and rising production costs further contributed to the price rise, as manufacturers faced challenges in securing raw materials and managing logistics. The ongoing pressures from both domestic and global markets helped push ascorbic acid prices to their highest levels in the year, reflecting a tight market environment by the end of 2023.

 

APAC Ascorbic Acid Prices Movement Last Quarter:

Ascorbic Acid Prices in China:

In the last quarter of 2024, ascorbic acid prices in China reached 2,418 USD/MT. This price increase was largely driven by strong demand across various sectors, including the pharmaceutical and food industries, where ascorbic acid is widely used for its antioxidant properties. Supply chain challenges, including raw material shortages and logistical delays, further contributed to the price surge. Additionally, fluctuations in production costs and global market conditions played a role in tightening the supply of ascorbic acid, further elevating its price by the end of the year. These factors combined to create a more constrained market environment in China during Q4 2023.

 

How the IMARC Pricing Database Can Help

The latest IMARC Group study, “Ascorbic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Ascorbic Acid price trend, offering key insights into global Ascorbic Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Ascorbic Acid demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.

Unlock Real-Time Ascorbic Acid Prices Trend Today: https://www.imarcgroup.com/ascorbic-acid-pricing-report

 

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

 

Contact us:
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Stephen Thomas

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