Get the latest insights on price movement and trends analysis of Vinegar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Vinegar Price Trends for the First Half of 2023
Vinegar is a 4-8% solution of acetic acid, predominantly consumed in culinary practices across the world. Other than cooking, vinegar is also used for preserving and pickling foods for longer times. A double fermentation process is usually employed to convert simple sugars to ethanol and then to acetic acid in the presence of acetobacter bacteria.
During the first two quarters of 2023, mixed price trends were observed. The Lunar New Year Holidays in China boosted the food market. Demands surged, and so did vinegar prices; hence, the first quarter was very positive.
However, as production ramped up, supplies started exceeding demands by large margins, and inventories started piling; this pushed the market trends downwards in the second quarter. The suppliers were forced to discount the prices in order to retain stock movement and sales numbers. Overall, market sentiment was positive.
According to Procurement Resource, a healthy market dynamic is expected for Vinegar going further in the upcoming quarter.
Vinegar Price Trends for the Second Half of 2022
In the Asia-Pacific region, a gradual decline in the prices of vinegar was observed. The prices declined significantly despite the stable demand from the end-user industries. The reoccurrence of covid cases leading to disturbances in the trading activities in China, along with fear of typhoons in Japan region forced the prices of vinegar to follow a downward trajectory.
The long-time shadows of high inflation rates hovered over the European region which caused the prices of vinegar to decline in the region. The prices also suffered from the surging costs of energy production. From the demand point of view, the prices had to face low interest from the downstream industries due to which certain plants had to restrict their production rates. Weak market dynamics, high costs of energy production, and low demand led to the declining trends for vinegar prices in the European market in the last two quarters of 2022.
A consistent decline in the prices of vinegar was observed in the North American region in both, the third and fourth quarters of 2022. The effects of the ongoing Russia-Ukraine war and the persistent threat of recession declined the confidence of consumers in the market. The prices were further affected by the soaring inflation rates and weak consumption of acetic acid-derived products. In the fourth quarter, the recession led to an economic slowdown in the region, deteriorating the manufacturing and production industries significantly and thus aiding in the declining price trends for vinegar.
According to Procurement Resource, the price trends for Vinegar are expected to rise in the upcoming months. The positive change in prices will majorly be due to the improvement in demand and supply chain dynamics globally.
Procurement Resource provides latest prices of Vinegar. 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.
Vinegar is the aqueous solution of acetic acid (4-8%) formed by double fermentation – converting simple sugars to ethanol and then ethanol to acetic acid by Acetobacter bacteria. Although acetic acid is responsible for the tart and intense flavours, vinegar also contains trace vitamins, mineral salts, and amino acids.
Many types of vinegar, namely balsamic, malt, and rice, are available depending on the source material used. Vinegar is not only used in cooking but as a medicine, a preservative, and a drink to boost strength and promote wellness.
|Industrial Uses||Culinary/Cooking, Preservatives, Food and Beverage|
|Supplier Database||Bizen Chemical Co. Ltd, Kraft Heinz Company, Shanxi Shuita Vinegar, Castelo Alimentos S/A, Burg Group B.V.|
|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.
Vinegar is produced by the liquid phase oxidation of acetaldehyde carried out in aerobic conditions in the presence of manganese acetate, cobalt acetate, or copper acetate.
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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