Get the latest insights on price movement and trend analysis of Biotin 2% in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Biotin 2% Price Trend for the H1 of 2023
Biotin 2% observed mixed price patterns in the Asian market in the first half of 2023. The prices started slowly as the Chinese industrial revival was still going slow. The supplies depended on existing inventory stocks which could sufficiently cater to the consistent and stable demands from downstream pharmaceutical and fodder markets. By late Q1, prices started stabilizing as the inventories started depleting.
The second quarter began with inclined price patterns as the supply constraints started affecting market fundamentals. However, towards the end of Q2, production ramped up, and the gap between supply and demand parity continuously decreased. After that, the Biotin 2% prices continued on a declining trajectory.
The European Biotin, 2% market, exhibited fluctuating price trends throughout the said period. Europe is dependent on Chinese imports for its Biotin 2% requirements. But as the inflation deprecated European currencies, imports were relatively expensive and kept the markets anchored for most of the first quarter.
Stable demands kept driving the market sentiments, and prices stayed inclined; it was only in the middle of Q2, around May, that the end user inquiries started subsiding, and supplies dominated the market dynamics. Prices were set on a declining trajectory for the rest of the second quarter.
American Biotin's 2% market behaved no differently than other global markets in the first two quarters of 2023. Quarter one witnessed declined prices as the supply chains were restored with an improved freight situation. Existing inventories were able to support the stable demands from the downstream industries.
At the onset of the second quarter, prices inclined with the rise in demand for about a month. Given the newfound momentum, the traders over-ordered the product, which soon led to the saturation of the market as the demand subsided in the coming months. Hence, the price trends for Biotin 2% declined for the rest of the said period.
According to the Procurement Resource, the Biotin 2% prices are expected to exhibit a similar price pattern for the upcoming months until the downstream demands overtake the supply dynamics. Overall, oscillating market trends are expected.
Procurement Resource provides latest prices of Biotin 2%. 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.
In general, Biotin is a B group vitamin that plays a crucial role in the formation of keratin in the hoof. Biotin 2%, a free-flowing Biotin powder, is widely used as a supplemental source of biotin in the preparation of livestock feeds. As deficiency of Biotin in the diet may result in hair loss and low fertility in animals, for instance, in poultry it leads to poor feathering, inflammation of beak, legs and toes, fatty liver and kidney syndrome (FLKS), its proper intake is extremely necessary. Thus, it helps in maintaining good animal health.
|Product Name||Biotin 2%|
|Industrial Uses||Medication, Animal premix, Feed use, Other|
|Molecular Weight||244.31 g/mol|
|Synonyms||(3aS,4S,6aR)-hexahydro-2-oxo-1H-thieno[3,4-d]imidazole-4-pentanoic acid, Bios, Coenzyme R, D(+)-Biotin; D-Biotin, Meribin|
|Supplier Database||Zhejiang Shengda Bio-pharm Co., Ltd., Koninklijke DSM N.V., Uckele Health & Nutrition Inc., Zagro Asia Limited, SynQuest Laboratories, Inc. (Central Glass Co., LTD.)|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Biotin is prepared from two precursors, namely, alanine and pimeloyl-CoA, that is obtained by a modified fatty acid pathway utilising a malonyl thioester as the starter. These two precursors utilise three enzymes to produce Biotin as the final product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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