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Calcium Alginate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Calcium Alginate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Calcium Alginate Price Trend for the Second Half of 2023
Calcium Alginate prices kept on vacillating in accordance with the fluctuations in the prices of its feedstock material seaweed, but the overall market outlook was still very firm throughout. Tanzania, the biggest seaweed producer, registered a record 52% year-on-year growth in the seaweed yield in the third quarter. This essentially reduced the production costs of calcium alginate and reduced the upstream cost support, imparting a slide in the calcium alginate price trend.
The downstream demands from the food and medicine industries also remained steady, and the inventories were also stocked sufficiently. All these factors dictated an average performance of the calcium alginate market throughout the second half of the year 2023.
According to Procurement Resource, the Calcium Alginate prices are likely to fluctuate within a limited range in the coming months as well. The supply and demand dynamics appear stable for the calcium alginate market.
Calcium Alginate Price Trend for the First Half of 2023
The price trend for Calcium Alginate closely follow that of its feedstock seaweed. The seaweed prices experienced major fluctuations in H1’23, especially in Asia, as the majority of the global seaweed production comes from the Asian region. The production yields fell significantly due to adverse weather conditions and a red tide outbreak in Japan’s main seaweed-producing region. This led to a significant rise in farmers’ prices, prompting the leading processors to raise their prices.
Hence, the prices of seaweed and allied products rose amidst high demands from both domestic and international markets. Further, the majority of the supplies available were diverted for food, causing a shortage of supplies for alginate production. The high upstream costs coupled with the consistent downstream demands caused the calcium alginate prices to incline in the concerned period.
According to the Procurement Resource, the Calcium Alginate market projections look promising as downstream demands for feedstock seaweed are high amidst limited supplies. So, the prices are expected to fluctuate, wavering at an inclined curve.
Calcium Alginate Price Trend for the Second Half of 2022
The price trend for calcium alginate closely mimic the pricing pattern of its feedstock seaweed. The Asian continent, especially Indonesia is the biggest producer and exporter of seaweed. After, crashing in H1, feedstock seaweed prices started picking pace in the middle of H2 2022. As Indonesia eased export bans, Chinese consumers were back in the market. The holiday season also affected the demand and prices of seaweed prices as it is consumed as a ceremonial food in many parts of Asia.
While the demand kept volatile it directly impacted the livelihood of the coastal farming community causing the prices to rise. Thus, the price trend of calcium alginate recorded a mixed outlook throughout the global markets.
According to Procurement Resource, the price trend for calcium alginate are likely to register a mixed pattern in the upcoming quarter. The downstream demand and the farming costs will directly impact seaweed production.
Calcium Alginate Price Trend For the First Half of 2022
Calcium alginate is the calcium salt of alginic acid or alginate extracted from seaweed. The price of feedstock seaweed governs the price trend for calcium alginate globally. Southeast Asia fulfils the majority of the global seaweed demand. Recently the prices of Indonesian seaweed (the largest producer) have been highly volatile, making it difficult for farmers to earn a sustainable living.
Since China is the principal processor of seaweed, feedstock prices mainly depend on robust demand from China. With zero-tolerance covid restrictions placed by the Chinese government, the manufacturing industry suffered. Even after removing restrictions, the turnaround was not optimum as the market demand sentiment suffered from inflated prices and supply-side constraints.
This fall in demand from China negatively impacted Indonesian seaweed prices, which further affected the prices of calcium alginate. Also, the export restrictions placed by the Indonesian government and depreciation against the US dollar further crashed seaweed prices. The prices of seaweed in China averaged 2.97-4.21 USD/kg, while that in Europe averaged 3.56-3.87 USD/kg.
However, in the US domestic market, the seaweed prices were slightly raised due to higher demand averaging 10.55 USD/kg. Despite the oscillating trend in seaweed prices, calcium alginate prices remained afloat in the global market owing to the steady demand from the pharmaceutical and dental industries.
Procurement Resource provides latest prices of Calcium Alginate. 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.
Alginate is usually referred to as the salts of alginic acid and can exist as calcium, magnesium, and sodium salts and is often referred to as algin. Calcium alginate is a water-insoluble, gelatinous substance prepared by adding aqueous calcium chloride to sodium alginate. It is non-toxic and is generally recognized as safe in food. It is often used as hydrogels, dental impressions materials, absorbents, etc.
|Alginic Acid, Calcium Salt
|DuPont de Nemours, Inc, Marine Biopolymers Limited, Shandong Jiejing Group Corporation, Algaia, KIMICA, Ceamsa
|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
|US$ (Data can also be provided in local currency)
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The seaweed is broken into pieces to extract the alginate and stirred with a hot sodium carbonate solution. It then separates as a thick slurry of sodium alginate. The slurry is then diluted with water and subjected to many filtration processes to remove the impurities. Then the sodium alginate is treated with an aqueous solution of calcium chloride; thus, the required product calcium alginate separates from the solution.
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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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103