Get the latest insights on price movement and trend analysis of Stevia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Stevia Price Trend for the First Half of 2023
Stevia had a very mixed price run in the first half of 2023, as the prices fluctuated toward the lower end of the curve. The bearish yet consistent demands from the downstream sectors kept the Stevia market afloat. Stevia prices averaged at approximately 56815 USD/MT (RA 95, FOB) in the Chinese domestic market. The year started at around 58250 USD/MT (RA 95, FOB China) and averaged around 56224 USD/MT (RA 95, FOB China) in June’23. With an almost static curvature, Stevia observed low swinging price trends.
Just like its Asian counterpart, the European Stevia market, too, recorded an almost flattened curve in the first half of 2023. Owing to the slow but consistent supply-demand dynamics, the price trends for Stevia almost remained static. Stevia prices went from around 62000 USD/MT (RA 95, FOB Germany) in January to around 59971 USD/MT (RA 95, FOB Germany) in June’23.
The North American market behaved no differently than the global markets for Stevia in H1 2023. The prices continued downward for most of H1’23, only to gain a little push in the last month of the second quarter. The contract prices of Stevia went from around 66000 USD/MT (RA 95, CIF) in January to around 64383 USD/MT (RA 95, CIF) in June’23.
According to the Procurement Resource, the stevia prices are expected to incline slightly in the upcoming quarter. As the demand projections appear to be improving, the stevia market is expected to remain afloat.
Stevia Price Trend for the Second Half of 2022
Asia witnessed mixed price trends for Stevia in the second half of 2022. The prices fell for most of the discussed period, but a slight positive change was observed from August to September in the Indian market. The monsoon season raised the procurement costs impacting the stevia prices momentarily, but the overall trends were muted. The dipping trends were mostly attributed to the feeble demands posed by the downstream pharma and sweetening sectors.
Stevia prices in Europe followed a fluctuating pattern, almost wavering on the lower curve. As subdued Europe expressed bearish demands; the prices didn’t get any chance of revival. Port congestions and supply curtailments further pushed the prices down. A feverish rise from the German market in November was seen, given the rising upstream costs because of the heightened gas consumption. Overall, the prices remained downward facing for most of H2’23.
The US domestic market mimicked the global price trends for Stevia. Prices rose initially in the third quarter, but the prices started fluctuating on the lower end of the curve during the later months. The market demands kept sluggish, keeping the stevia prices stagnant. Port congestions posed hurdles in procurement, and feeble offtakes contributed greatly to the dull price sentiments.
According to Procurement Resource, the price trends for Stevia are expected to decline in the coming months. The demand projections do not seem promising, which, coupled with procurement hurdles, will likely impact the stevia market.
Stevia Price Trend For the First Half of 2022
Despite the continuing geopolitical turbulence, the natural sweetener market kept strong. The robust demand from the food & beverage and dietary supplement market kept the stevia prices from falling amid the severe supply constraints and complex logistics. The heightened freight charges, along with port congestion, further caused the prices to swell with minor fluctuations.
Stevia prices in the Chinese domestic market went from 62880 USD/MT in January to 62199.14 USD/MT in June 2022. In the USA, the stevia prices averaged 68240.36 USD/MT towards the end of the second quarter. The exact pricing patterns continued in the European region despite being the most hard-hit region owing to the Russia-Ukraine conflict. Stevia prices in Germany averaged 64854.82 USD/MT towards the end of said period.
According to Procurement Resource, Stevia's prices will likely remain strong in the coming quarter. Despite the new production entering the market and the opening of ports, the prices are expected to undergo minor fluctuations, given the bubbling downstream demand.
Stevia is known as a sweetener and sugar substitute which is extracted or obtained from the leaves of the plant species Stevia rebaudiana, native to Brazil and Paraguay. It serves as an artificial sweetener with zero calories and thus, is widely used to manufacture soft drinks.
Coca-Cola, the beverage giant, launched stevia-sweetened beverages, such as Coca-Cola Life and others. Steviol glycosides (primarily stevioside and rebaudioside) are the active compound of stevia and contains about 30 to 150 times the sweetness of sugar.
|Industrial Uses||Artificial sweeteners, Adhesive, Oral care, Pharmaceuticals|
|Forms of Stevia:||Stevioside: 57817-89-7, Rebaudioside A: 58543-16-1, Other Rebaudiosides (B, C, D, E, F), Dulcoside A, Rubusoside, Steviol (Aglycone), Steviolbioside|
|Supplier Database||Ingredion Incorporated, PureCircle Limited, GLG Life Tech Corporation, Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Sunwin Stevia International, 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.
In order to produce Stevia, dry leaves of the stevia plant are immersed in hot water to obtain steviol glycosides, the active compound of Stevia. The obtained steviol glycosides are filtered and crystallised for further use.
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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