Glyoxylic Acid Price Trend and Forecast

Regional Price Overview

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

Glyoxylic Acid Price Trend for the First Half of 2023

Asia

The Asia-Pacific market mostly declined in the first and second quarters of 2023 as the demand from cosmetics and haircare industries declined significantly. However, the rising cost of energy in the first quarter provided little support, which was not sufficient to curb the pressure of declining economic conditions. In addition to this, poor purchasing sentiments of buyers and the loss of momentum of the glyoxylic acid market in both domestic and international markets caused the price trend of glyoxylic acid to fall in the first half of 2023.

Europe

A significant decline in the prices of glyoxylic acid was observed in the first quarter of 2023, but the market dynamics improved in the second quarter. The first quarter was negatively impacted by the falling cosmetic market and instability in the related industries due to rising levels of inflation. But the second quarter was favorable to the prices of glyoxylic acid. There was a significant incline in the trend as it was supported by the slowing down of supply chains, which could not suffice with the increasing demand for the product. The consumers also showcased high confidence in the market and supported the rise in prices.

North America

Unlike the European market, glyoxylic acid prices declined in North America in the first and second quarters of 2023. In the first quarter, there was a noticeable disbalance in the supply and demand equilibrium due to high rates of operations. In the second quarter, the cost of feedstock materials and buying potential of consumers also declined amid the fluctuating market conditions. The level of exports thus also declined which eventually caused the fall in the price trend of glyoxylic acid.

Analyst Insight

According to Procurement Resource, glyoxylic acid prices are expected to remain volatile in the coming months, given the current market dynamics amid rising inflation and reduced consumer confidence.

Procurement Resource provides latest prices of Glyoxylic Acid. 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.