Get the latest insights on price movement and trend analysis of Choline Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Choline Chloride Price Trend for the First Half of 2023
The price trends for choline chloride declined in the first quarter of 2023 and fluctuated on a month-on-month basis in the second quarter of 2023. Despite the removal of covid restrictions and improvements in the supply chain, the market for choline chloride declined. In addition, weak user demand and sufficient supply of the product in the region negatively impacted the choline chloride prices.
The price trend of choline chloride in the European region showcased mixed signals in the first and second quarters of 2023. The price trend inclined in the first months of 2023 as the number of imports of high prices from the Asia region flooded the market. As a result, the traders got high benefits from these expensive imports along with the positive demand outlook from the end-user industries. However, in the subsequent months, the demand from end-user industries declined, and the feedstock costs also failed to provide the required support. These factors pushed the price trend of choline chloride into the negative zone.
The choline chloride market moved southwards in the first and second quarters of 2023 in the North American region. The market dynamics of this region were negatively influenced by the reduced number of offtakes and ample availability of the product in the region. The trading activities also remained feeble, and even the imports from Asian countries could not help the choline chloride prices to find their lost momentum.
According to Procurement Resource, the price trend of Choline Chloride is expected to showcase a mixed trend as the demand from the end-user sectors seems to be fluctuating.
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Choline chloride is a vital organic compound with the chemical formula (CH3)3NCH2CH2OH⋅HCl. It is a water-soluble, quaternary ammonium salt that serves as a crucial nutrient and precursor to the neurotransmitter acetylcholine. Choline chloride is essential for various biological processes, including brain development, nerve function, and fat metabolism. It is commonly used as a feed additive in the animal husbandry industry to promote growth and improve overall health in animals, particularly in poultry, swine, and aquaculture.
|Product Name||Choline Chloride|
|Molecular weight||139.62 g/mol|
|Industrial Uses||Animal feed additive, Water treatment, Pharmaceutical industry, Horticulture, Textile industry|
|Supplier Database||Eastman chemical company, BASF SE, Imperial Group Limited, GHW International, Balchem Inc|
|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.
Trimethylamine, ethylene oxide, and hydrochloric acid are used in a chemical reaction to produce choline chloride. Ethylene oxide, trimethylamine, and hydrochloric acid are combined in a single streaming process that is carried out under strict supervision while keeping a moderate temperature and pressure in order to produce the desired product, choline chloride.
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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