Sodium Bromide Price Trend and Forecast

Regional Price Overview

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

Sodium Bromide Price Trend for the H1 of 2023

Asia

In the Asia Pacific region, the price trend of sodium bromide showcased a falling trajectory in both the first and second quarters of 2023. Due to the weak demand from the water treatment, pharmaceuticals, and drilling industries, the import rates fell, and the domestic manufacturers were also forced to reduce their production outputs. The supply chain in the region was also dampened amid the high availability of the product in the market.

Europe

In the initial months of the first quarter of 2023, sodium bromide prices were inclined with the rise in energy production costs and the low supply of the product in the region. However, from the second month of the year, the trend declined significantly. The major factors that affected the regional dynamics were the drop in overseas inquiries, slow demand from water treatment industries and rising stockpiles of inventories. In addition to these, the second quarter was also negatively impacted by the dooming recession and high inflation and soaring energy costs that ultimately drove the price trend of sodium bromide in a negative direction.

North America

The trend of prices of sodium bromide in North America was similar to that observed in the European and Asia Pacific region. Sodium bromide prices inclined in the first month of the first quarter and then fell regularly throughout the second quarter. A cumulative effect of several factors, such as falling demand from the end-user industries, the slow purchasing potential of consumers, import of cheaper products from Asian countries and rising economic uncertainties pushed sodium bromide prices in a negative direction.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Bromide is expected to showcase a southward trajectory as the demand from the water treatment and end-user industries seems weak.

Procurement Resource provides latest prices of Sodium Bromide. 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.