Potassium Sorbate Price Trend and Forecast

Regional Price Trend

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

Potassium Sorbate Price Trend for the First Half of 2023

Asia

Potassium Sorbate prices declined steeply in the first quarter of 2023 as the market movement of downstream industries, such as food, pharmaceuticals, etc., slowed down and ultimately resulted in the fall of demand. In addition to this, the cost of feedstock materials also failed to provide the required support to the potassium sorbate market for improving its market dynamics, and thus, the price trend of potassium sorbate faced southwards. In the second quarter, along with the sustaining problems of weak demand and low cost of feedstock materials, the stocks of inventories rose, which further caused to be a problem for the traders and led to the downward movement of the potassium sorbate price trend.

Europe

The European market witnessed a falling price trend of potassium sorbate in the first and second quarters of 2023 as the consumer demand from the downstream industries was weak. The rising level of inventories and fluctuating market dynamics continued to be a cause of worry for the manufacturers in both the first and second quarters of 2023. The most significant drop was observed in the month of June due to the long-standing struggle of the potassium sorbate market with low procurement, high level of inventories, rising cost of energy, and shortage of labor, ultimately leading to the fall in the price trend of potassium sorbate.

North America

In North America, the price trend of potassium sorbate was negatively affected by the decline in orders from domestic purchasers, which caused the level of inventories to rise significantly in the first and second quarters of 2023. Additionally, the fall in trade activities and lowering of freight charges, diminished number of inquiries from international retailers exerted pressure on the potassium sorbate market and led to the fall in its price trajectory.

Analyst Insight

According to Procurement Resource, the price trend of Potassium Sorbate is estimated to depict a falling trajectory as the demand from end-user industries is not certain, and the level of inventories is also rising.

Procurement Resource provides latest prices of Potassium Sorbate. 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.