Trichlorfon Price Trend and Forecast

Regional Price Overview

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

Trichlorfon Price Trend for the Second Half of 2023

Asia

The feedstock materials registered a remarkable incline during the third quarter which exerted a positive influence on the trichlorfon price trend also. The inclination in the cost of production, along with a smaller number of import shipments arriving at Asian ports with suitable demand, all worked synergistically in keeping the prices of trichlorfon in the northward direction.

Trichlorfon Price Chart

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The demand from the fertilizer sector also witnessed a noticeable improvement as the manufacturers anticipated a rise in the sales figures in the sowing season. However, the delay due to adverse weather conditions lowered the trajectory of trichlorfon prices in the fourth quarter.

Europe

After a mild start in the third quarter of 2023, the price trend of trichlorfon witnessed a significant uptick in its prices as the influx of Chinese imports raised the bar of prices. The European fertilizer sector is heavily dependent on imports from Asian countries, and with a hike in demand and depleting inventory levels, the trichlorfon price trend inclined forward. But this momentum of the market was not carried forward in the fourth quarter and prices began to decline. The most significant cause of this downfall was the slower movement of the downstream industries and the contraction in the number of orders from the overseas industries.

North America

With a notable incline in the trichlorfon price trend, the North American market was able to close the third quarter of 2023 on a positive note. The rise in the market dynamics was also fueled by the rapidly declining inventory levels and inadequate functioning of the supply chains. However, similar to the Asian and European countries, the prices of trichlorfon began to decline in the fourth quarter as the primary market drivers were insufficient in terms of supporting the trichlorfon price trend.

Analyst Insight

According to Procurement Resource, the price trend of Trichlorfon is estimated to follow the trail of the downstream fertilizer industries and global trading activities.

Trichlorfon Price Trend for the First Half of 2023

Asia

In the Asia-Pacific region, the first two quarters of 2023 witnessed a spike in the price trend of trichlorfon as the cost of feedstock materials surged in the region. This rise in the prices was a direct result of the support from the downstream industries and the renewal of market activities in the Asia-Pacific region. However, the trend did not sustain for as long as in the second quarter; the rising market momentum was hit by the lowering of production costs and the gradually declining interest of consumers in the market. In addition to this, the supply chains remained strong, and thus, the oversupply of trichlorfon in the region ultimately caused the decline in its prices.

Europe

In Europe, the trichlorfon market witnessed fluctuations throughout the first quarter. Initially, the rise in prices was supported by the rising cost of feedstock phosphonate as its demand from downstream industries surged.

The interest of domestic and international buyers also increased, but the shadows of inflation and the high possibility of recession proved to be a problem in the growth trajectory of the trichlorfon price trend. In the second quarter, the market activities of the feedstock materials slowed down, and along with the declining freight charges, the price trend of trichlorfon also slipped.

North America

In the first quarter of 2023, the price trend of trichlorfon followed a positive trajectory with the help of surging demand and positive movements in the feedstock markets. Even in the secondary quarter, the price trend remained stable, contrary to what was seen in the European and Asia Pacific regions. The cost of feedstock materials increased due to its applications in several industries, and with that, the prices of trichlorfon also surged.

Analyst Insight

According to Procurement Resource, the price trend of Trichlorfon is estimated to showcase a mixed trajectory as the market dynamics of feedstock materials seem to guide the future prices of trichlorfon.

Trichlorfon Price Trend for the Second Half of 2022

Asia

The trichlorfon market was deeply affected by the fluctuating prices of its feedstock. The prices fluctuated in the Asia-Pacific market due to the cuts in operational rates and uncertainties in the supply-demand equilibrium in the region. The monsoon season in the third quarter negatively impacted the demand from both domestic and international buyers. Ample supplies and trade disruptions due to rising covid cases further caused the decline in the prices of phosphonates and in turn, negatively impacted the price trend for trichlorfon.

Europe

A fluctuating price trend for trichlorfon was observed in the European region. The prices suffered from the rise in inflation, soaring interest rates, and limited imports of feedstock materials. The operation costs were also hit by the restrictions imposed by the European region over the import of energy materials from Russia. In the fourth quarter, due to a lack of competitiveness, uncertainties in the economic outlook of the region, and falling demand from the cleaning and water treatment industries negatively affected the trichlorfon prices.

North America

The North American region also recorded an oscillating trend as the demand from the domestic market reduced and the region witnessed a reduction in operating units. The ripple effects of limitations on trade with China, weak support from feedstock materials, and dull buying potential due to the monsoon season, all adversely affected the trichlorfon market.

Analyst Insight

According to Procurement Resource, the price trend for Trichlorfon are expected to showcase mixed sentiments in the upcoming quarter. The prices of feedstocks along with the rising inflation and uncertainties in the global market are likely to impact the trichlorfon price trend the most.

Procurement Resource provides latest prices of Trichlorfon. 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.