Fluoroelastomer Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Fluoroelastomer in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Fluoroelastomer Price Trend for the First Half of 2023

Asia

A gradual incline in the price trend of Fluoroelastomer was seen in the first quarter of 2023. The movement was supported by the rise in the number of orders from the automotive industries, especially in the month of February. However, the trend slumped in the second quarter, with only a slight incline in the month of May.

The northward trajectory of the price trend of Fluoroelastomer was put to an end in the second quarter by the excess availability of the product and an increase in the competitive spirit of the market. The region also struggled to maintain a balance in its supply and demand dynamics. In May, the Fluoroelastomer market gained some support from the increase in consumption rates and strong movement of the automotive sector.

Europe

The Fluoroelastomer price trend fluctuated throughout the first two quarters of 2023. During the initial months of Q1, the trend fell but inclined in the later months of the first quarter and in the initial phase of the second quarter. The region was supported by the semiconductor market and inclining automobile output that caused the demand for Fluoroelastomer to rise significantly. However, the market dynamics slipped in the second half of Q2. The European industrial activities declined, and with rising interest rates and economic uncertainties, the price trend of Fluoroelastomer faced southwards.

North America

The trend of Fluoroelastomer followed an inclining trajectory in the majority of the phases of the first and second quarter of 2023, but only a slight decline in the month of April was observed. The enhanced market activities of semiconductor industries supported the sales of the automotive sector and led to the rise in demand for fluoroelastomers. A slight slowdown of the market in March-April was due to the economic stress of the fall of two major US banks. These conditions raised uncertainties in the market and caused the rates of inflation and interest to rise significantly, but the demand for the product soon supported the rising trajectory of Fluoroelastomer prices.

Analyst Insight

According to Procurement Resource, the price trend of Fluoroelastomer is expected to showcase an oscillating trajectory given the improving yet erratic demands from automobile industries.

Procurement Resource provides latest prices of Fluoroelastomer. 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.