Verdyl Propionate Price Trend and Forecast

Regional Price Overview

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

Verdyl Propionate Price Trend for the Second Half of 2023

Verdyl Propionate or Alpha Isomethyl Ionone Propionate is an aromatic compound that is extensively used by the flavor and fragrance industry because of its green, fruity, and rhubarb like odor profile. The perfuming industry remained the biggest customer for verdyl propionate during the said period of H2’23 as well. The upstream outlook of the verdyl propionate market, particularly in Asia was a little regressive during the concerned period.

Verdyl Propionate Price Chart

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The feedstock prices dwelled low for the majority of the said period, other than some upward fluctuations at the time of quarter shifting. As the general interest in the natural fragrances is rising, the end consumer interest in the artificial fragrances also swindled marginally. So, because of these tugging attributes, the verdyl propionate market largely remained afloat during the latter half of the year 2023.

Analyst Insight

According to Procurement Resource, the Verdyl Propionate price trends are likely to continue to waver in the coming months as well. The market projections do not look very promising going forward.

Verdyl Propionate Price Trend for the First Half of 2023

Verdyl propionate is an aromatic compound with a pleasant floral smell, extensively employed in the cosmetics and fragrance industries. Its ester component gives it a sweet and fruity smell similar to that of apricots with floral undertones.

The cosmetics and fragrance industries in Italy witnessed a sharp incline in the rates of exports that drove the price trend of verdyl propionate. Along with the international industries, the domestic demand for perfumes also surged and supported overall market sentiments of the verdyl propionate. The consumption rates of Italians in the first and second quarters surpassed the pre-pandemic levels, leading to the growth of the verdyl propionate price trend. The supply chains also performed efficiently to cater to the high demand, setting a positive trend in the verdyl propionate prices.

Analyst Insight

According to Procurement Resource, the price of Verdyl Propionate is expected to oscillate in the coming months, given the current market momentum and pricing fundamentals.

Procurement Resource provides latest prices of Verdyl Propionate. 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.