Thiram Price Trend and Forecast

Thiram Regional Price Overview

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

Thiram Price Trend for Q1 of 2025

Asia

During Q1'25, the Thiram market in Asia experienced a notable upward price trajectory, primarily influenced by tight supply conditions and increased agricultural activity. In China, the largest producer in the region, Thiram prices climbed steadily as manufacturers faced higher production costs due to rising chemical intermediates and energy expenses.
 

Thiram Price Chart

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The post-Chinese New Year period saw accelerated demand as the agricultural season commenced, with farmers stocking up on fungicides for spring applications. Indian markets similarly witnessed price appreciation, driven by strong domestic agricultural demand and reduced inventory levels. Export volumes remained robust throughout the quarter, particularly to Southeast Asian countries where rubber cultivation drove consistent Thiram consumption. Supply chain pressures, including lingering logistics constraints, further contributed to the bullish trend in the Asian market.

Europe

The European Thiram market displayed more moderate price movements during Q1'25. Prices trended slightly upward, though not as dramatically as in Asia. The European agricultural sector saw typical seasonal demand for fungicides, but this was somewhat tempered by regulatory scrutiny and ongoing substitution with newer fungicide alternatives in certain applications.

Western European manufacturers maintained stable production levels, helping to keep extreme price volatility in check. However, higher upstream chemical costs did exert upward pressure on Thiram pricing, particularly in Eastern European markets where import dependency is higher. The rubber processing industry, another key consumer of Thiram, showed consistent demand patterns throughout the quarter, providing steady support for prices despite not driving significant increases.

North America

In North America, Thiram prices followed a gently ascending trend during Q1'25. The market benefited from balanced supply conditions, with domestic production maintaining relatively steady output levels. Agricultural demand began picking up toward the end of the quarter as farmers prepared for the spring planting season, particularly in the southern states where earlier application occurs.

The rubber and polymer sectors showed stable consumption patterns, neither significantly increasing nor decreasing their Thiram requirements. A noteworthy influence came from higher production costs, as manufacturers passed along increases in energy and raw material expenses. Import volumes remained consistent with historical patterns, though discussions around potential tariff adjustments created some uncertainty in the market. Overall, while prices increased, the North American Thiram market avoided the sharp spikes seen in some Asian regions.

Analyst Insight

According to Procurement Resource, Thiram prices are expected to maintain their upward momentum into Q2'25, particularly in Asia where agricultural demand will likely peak. Supply constraints may gradually ease as production catches up, potentially moderating price increases by mid-year, especially in European and North American markets.
 

Thiram Price Trend for the Second Half of 2024

Asia

In the second half of 2024, thiram prices in Asia experienced a moderate upward trajectory. The market was primarily influenced by fluctuations in key raw materials, which showed a mixed trend early in the period but stabilized with a slight recovery toward year-end. Chinese manufacturers faced challenges from typhoons and port congestion during Q3, leading to higher intra-Asia freight costs that temporarily disrupted supply chains. Meanwhile, the Indian market remained more stable, with only marginal price increases.

The agrochemical sector showed mixed performance, with favorable monsoon conditions supporting domestic demand in some areas, while delayed rains in other regions curbed growth. Production adjustments in China helped balance market conditions by Q4, with manufacturers strategically managing inventory levels despite economic headwinds.

Europe

The European thiram market exhibited a more pronounced upward trend throughout H2’24. Initially, prices were driven higher by significant tightening of raw material supply, with freight costs from Asia to Europe soaring. German manufacturers faced production challenges amid manufacturing slowdowns and regional conflicts that disrupted supply chains. The agricultural sector's seasonal demand patterns influenced market dynamics, with a gradual decline in fertilizer consumption as the peak season subsided toward year-end. By Q4, logistics challenges at Hamburg port began to ease, allowing for smoother supply chains and inventory replenishment, contributing to a moderation in price increases by December.

North America

In North America, thiram prices followed an irregular pattern throughout the second half of 2024. The market initially saw price increases in Q3, driven by production outages and reduced operational capacities. Labor strikes at key ports further complicated the supply situation. However, as these disruptions began to ease in Q4, the market experienced a correction with prices declining from their peak.

Demand from the agricultural sector remained steady but unspectacular, while pharmaceutical applications provided consistent baseline consumption. The export market, particularly to Mexico and Latin America, showed slowing growth by year-end. Fluctuations in raw material costs created a complex environment for manufacturers throughout the period.

Analyst Insight

According to Procurement Resource, the Thiram market is expected to stabilize in early 2025, with regional price differences likely to narrow as global logistics improved.
 

Thiram Price Trend for the First Half of 2024

Thiram, a dithiocarbamate, is a synthetic chemical compound used in the protection of plants. It is a potent fungicide and bactericide and is often applied to seeds to protect them from fungal infection during germination. Therefore, the primary demand for thiram came from the agriculture sector in the said period. Initially, the demand was low in the winter months, but it soon picked up as the year entered the planting season in different parts of the world. Apart from this, the prices of thiram were seen to be heavily dependent on its feedstocks, dimethylamine, and sulphuric acid.

The prices of feedstocks witnessed regional variations, but the average global trend showed an uptick in prices. The Red Sea crisis had severely affected the global supply chains as ships had to take a longer route to avoid attacks which delayed shipments and increased the freight rates. This event had a massive effect on the prices of most commodities including the feedstocks of thiram. This increased the production costs of thiram, and to maintain the profit margins, the manufacturers had to raise prices. Overall, the prices of thiram witnessed an upward trend in the first half of 2024.

Analyst Insight

According to Procurement Resource, the prices of thiram are expected to continue following a similar trend trend in the upcoming quarter as well influenced by the variations in prices of feedstocks, especially sulphuric acid.
 

Thiram Price Trend for the Second Half of 2023

Thiram is primarily used in protecting crops from fungal diseases, such as mildew and mold. Additionally, thiram serves as a crucial component in seed treatments, enhancing seedling vigor and protecting seeds from soil-borne pathogens. The increasing emphasis on crop productivity and yield optimization further fuels the demand for thiram-based products and drives its market demand.

In Asia, fluctuations in thiram prices were tied to variations in feedstock costs, exaggerated by issues like delays in shipments due to geopolitical tensions and slow economic recovery, particularly in China. Additionally, the Indian pesticide market also reported a slowdown in the procurement of thiram from the downstream pesticide industries as the delayed sowing season disrupted the demand cycle and imparted a negative influence on the thiram price trend during H2 of 2023.

Europe also experienced stagnancy in thiram prices due to trade disruptions from geopolitical challenges and the crude oil crisis. The struggle with imports and exports was fueled by the ongoing Israel-Hamas crisis and additional sanctions on Russian imports. North America also faced weak demand, leading to excess availability and declining prices, compounded by declining costs of methylamine and other chemicals and reduced trading activities among dealers.

Analyst Insight

According to Procurement Resource, the price of Thiram is estimated to be guided by the number of queries from the downstream industries and dynamics of global trade.
 

Thiram Price Trend for the First Half of 2023

Thiram is an agrochemical used to control pests and microbes like bacteria, fungi, etc. It can also be used in the cosmetic industry to increase the shelf life and anti-bacterial and anti-fungal properties of products. As it is sourced from its feedstock materials, Dimethylamine and Sulfuric Acid, the prices also vary in accordance with the variations in the prices of these materials.

Thiram had a stable start in January’23 as the Chinese industries ramped up production after a long Covid-19 lockdown. The inventories were rising fast, and the demands from the downstream market were stable. The Thiram prices, after staying steady, initially started falling by mid-Q1 and continued their downhill journey for the rest of the said period as the inventories were overflowing. A decline in downstream demands and upstream costs also contributed to the falling price trend. Overall, the Thiram market was observed to be fluctuating during H1 2023.

Analyst insight

According to Procurement Resource, the Thiram prices are expected to continue fluctuating since the demands and the production costs influencing the market fundamentals remain volatile.

Procurement Resource provides latest prices of Thiram. 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.