Asia
In Asia, Niacin prices in 2024 moved through a mostly firm trend. Early in the year, demand from nutrition and supplement manufacturers stayed steady, while some producers dealt with short pauses in operations due to holidays. This created brief tightness in supply and supported higher price levels. As the year progressed, supply improved and inventories returned to more comfortable levels, which led to a period of stability. However, strong export activity and consistent domestic buying prevented any major decline. In the second half of the year, increased manufacturing activity and early stocking before major holidays added fresh upward pressure. By year end, the combination of strong demand and logistical caution kept the market firm.
Europe
In Europe, Niacin prices in 2024 generally moved upward. Early in the year, high operating costs and steady purchases from food and health-related sectors supported the market. In the middle of the year, global supply concerns and tighter availability encouraged buyers to restock earlier, which strengthened the upward movement. Toward the final quarter, higher import costs and transport challenges added pressure on prices. Many buyers increased inventories to avoid disruptions, keeping the market firm until the close of the year.
North America
In North America, Niacin prices in 2024 followed a steady rising pattern. During the first half, companies increased procurement as a precaution against potential supply delays. Logistics issues and higher production costs added support to the upward movement. In the second half, buyers continued to build stocks ahead of expected early 2025 uncertainties. While supply was generally adequate, cautious inventory strategies and rising expenses kept prices firm throughout the year.