Triethanolamine Lauryl Sulfate Price Trend and Forecast

Regional Price Overview

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

Triethanolamine lauryl sulfate Price Trend for the Second Half of 2023

Asia

A smooth uptick in the price trend of triethanolamine lauryl sulfate during the third quarter was based on the rising interest of consumers in this sector and a significant rise in the cost of its feedstock materials. The rise in the market dynamics came in response to the ease in inflationary pressure and the decline in the cost of crude oil and energy production in the region.

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The traders also noticed some instances of a low level of inventories during Q3, which in turn further supported the pricing dynamics. However, the fourth quarter lacked this positive support, and the triethanolamine lauryl sulfate price trend registered a slight decline due to the loss of exports and subdued overseas inquiries.

Europe

The incline in the triethanolamine lauryl sulfate price trend was only marginal during the third quarter but exponential during the fourth quarter of 2023. The surge in the prices during the H2 of 2023 was mainly attributed to the uptick in demand from downstream industries and the expansion of the consumer spending budget. Unlike Asian countries, the market was able to carry forward this momentum in the fourth quarter, too, and with the limited influx of imports, the domestic triethanolamine lauryl sulfate market progressed in the northward direction.

North America

As compared to the robust outlook of the triethanolamine lauryl sulfate market in the second quarter, the improvement in pricing trajectory was only mild during the third quarter of 2023 in North America. The upward trend in the market during this period was only based on the limited supply of feedstock materials and the unexpected shutting down of some major production plants. However, the fluctuating sentiments of the market stabilized in the last quarter with the rise in consumer appetite and low inventory levels.

Analyst Insight

According to Procurement Resource, the price trend of Triethanolamine lauryl sulfate is expected to incline as the rising feedstock prices and expanding consumer base will support the market dynamics in the upcoming quarters.

Triethanolamine Lauryl Sulfate Price Trend for the First Half of 2023

Asia

Triethanolamine lauryl sulfate consists of two components, triethanolamine and lauryl sulfate, and thus, its market trend is also affected by these two. In the first quarter, the prices of triethanolamine lauryl sulfate took a downward turn due to the weak performance of the feedstock materials.

In addition to this, excess supply and shortage of demand also played a significant role in dictating the price trajectory of triethanolamine lauryl sulfate. In the second quarter, the trend took a 180 turn as the prices of feedstock rose exponentially as they were backed by high demand from the downstream industries such as cosmetics and automotive.

Europe

The first quarter of 2023 witnessed a steep decline in the price trend of triethanolamine lauryl sulfate due to the low demand and reduction in the number of sales of the downstream industries. The supply chains, however, performed efficiently during this phase, which only led to an incline in the level of inventories. This declining trend was followed in the second quarter of 2023, too, as the market struggled to maintain its pace amid the falling condition of the economy and feedstock prices, along with low rates of procurement from consumers.

North America

The declining demand for triethanolamine lauryl sulfate from the domestic and international markets proved to be a challenge for its price trend in both the first and second quarters of 2023. In addition to this, the second quarter further struggled with high uncertainties in the feedstock prices, surplus availability of stocks in the region, and rising pressure of inflation that hampered the growth of the market and kept the prices of triethanolamine lauryl sulfate in the negative zone.

Analyst Insight

According to Procurement Resource, the price trend of Triethanolamine Lauryl Sulfate is expected to oscillate. The demand from the end sector industries and support from the feedstock market are expected to guide the trend of triethanolamine lauryl sulfate prices.

Procurement Resource provides latest prices of Triethanolamine Lauryl Sulfate. 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.