Fumaric Acid Prices

Fumaric Acid Prices June 2024

The fumaric acid prices in the United States for Q2 2024 reached 1250 USD/MT in June. The market remained stable in Q2 2024, with prices fluctuating little due to balanced supply and demand. Consistent production costs, together with steady raw material charges, aided in price stability. Geopolitical variables were negligible, resulting in predictable pricing. As a result, no significant seasonal or economic factors influenced the pricing pattern, and the market remained stable throughout the quarter.

The price trend for fumaric acid in China for Q2 2024 settled at 1000 USD/MT in June. Fumaric acid prices in China fell due to oversupply and unfavorable currency movements, limiting export competitiveness. Seasonal destocking before summer shutdowns exacerbated the declining trend, as suppliers sought to reduce inventory quality concerns. Furthermore, geopolitical concerns and rising logistics costs weighed heavily on market prices, creating a tough situation. The following decline demonstrates the intricate relationship between surplus supply and economic conditions.

In Germany, the fumaric acid prices for Q2 2024 reached 1155 USD/MT in June. The oversupply and waning demand caused significant price drops in Germany's fumaric acid market. Price rises were constrained by seasonal variables, which are typical during this time, as suppliers gave priority to getting rid of excess inventory in order to save money on storage. Domestic inventories increased as a result of lower production costs in exporting nations, which aided in the decline. As a result, prices kept declining, which strengthened the market's buyer-friendly sentiment throughout the quarter.

Fumaric Acid Prices December 2023

The fumaric acid prices in the United States for Q4 2023 reached 1310 USD/MT in December.  The market faced considerable fluctuations in the last quarter of 2023. The market's upward trend was fueled by rising demand from Asian markets and increased investment activities. However, logistical issues and rising input costs created challenges, though prices rebounded in December due to a balanced supply and resilient market conditions.

The price trend for fumaric acid in China for Q4 2023, reached 1182 USD/MT in December. The market witnessed a notable price increase, driven by a spike in demand following the Golden Week holiday and reduced production capacities among key manufacturers. Despite these challenges, a strong inventory buildup helped balance the market, which witnessed prices stabilizing toward the end of the quarter.

The price trend for fumaric acid in Germany for Q4 2023, reached 1300 USD/MT in December.   The market was marked by a sharp price rise, influenced by strong demand and a shortage of supplies. Economic downturns and reduced manufacturing activities further impacted the market, leading to higher prices initially. However, a build-up in inventories toward the end of the quarter brought some price relief.

Regional Coverage

The report provides a detailed analysis of the fumaric acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the fumari c acid price trend.   

Global Fumaric Acid Price

The report offers a holistic view of the global fumaric acid pricing trends in the form of fumaric acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into fumaric acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.  

The report also delves into fumaric acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed fumaric acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Fumaric Acid Price

Q2 2024:

Due to a combination of weaker demand and excess supply, the price of fumaric acid fell in the second quarter of 2024 in the European market. The declining tendency was exacerbated by exporting nations' lower production costs, which allowed suppliers to provide more affordable prices. Prices were further pressed by attempts to reduce excess inventory in order to save money on storage and prevent any quality problems. Furthermore, a buyer's market was created by a decrease in international purchasing activity, which led to an abundance of local inventories. Due to seasonal variables that usually restrict price increases in Q2, Germany saw some of the biggest price decreases. All things considered, the quarter ended with a significant decline in prices, indicating a difficult situation for manufacturers as market supply outpaced demand.

Q4 2023:

During the fourth quarter of 2023, the industry experienced significant changes, notably impacting pricing structures across the region. The quarter began with strong demand from end-users, prompting substantial orders to rectify stocks. In Germany, fumaric acid reduction resulted in elevated demand and temporarily constrained supplies, pushing prices higher. The German market's challenges were compounded by a slowing economy, reduced manufacturing activities, and a dip in the IFO Business Climate Index. As one of Europe’s key importers, Germany witnessed a notable price increase, reflecting trends seen in other exporting countries. However, toward the end of the quarter, prices started to dip slightly due to the accumulation of inventories in anticipation of future demand increases, stabilizing the market after a period of pronounced price movements.

This analysis can be extended to include detailed fumaric acid price information for a comprehensive list of countries. 

North America Fumaric Acid Price

Q2 2024:

The market showed a constant pricing trend in Q2 2024, mostly as a result of a consistent demand and supply alignment. Adequate stock levels and steady production costs from suppliers, aided by steady prices of raw materials, helped to preserve this equilibrium. The stability of market prices was further aided by the low variations in logistics and transportation costs. The lack of notable geopolitical upheavals, which frequently affect cost dynamics, contributed to the region's stability. A stable pricing environment for fumaric acid was maintained throughout the quarter as a result of market participants' cautious decisions to stick to conservative buying and selling practices.

Q4 2023:

In 2023, North America's fumaric acid market experienced significant pricing volatility. Despite some fluctuations, the overall market trend was positive, driven primarily by rising demand from Asian markets and increased investment activities. Another contributing factor to this trend was the escalation in costs and raw materials. Transportation hurdles, including congestion and container shortages, also played a role in the market dynamics, causing higher logistics costs and delays. As downstream factories engaged in aggressive procurement, the market faced intensified bidding, shaping its direction. By December, the market witnessed a decline due to ample supply levels and sufficient inventories, which balanced out the earlier upward trend. The influence of China’s pricing strategy also impacted the U.S. market, leading to a rebound in prices toward the end of the quarter, showcasing the market's resilience and adaptability.

Specific fumaric acid historical data within the United States and Canada can also be provided.

Middle East and Africa Fumaric Acid Price

The report explores the fumaric acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices. 

In addition to region-wise data, information on fumaric acid prices for countries can also be provided.

Asia Pacific Fumaric Acid Price

Q2 2024:

The Asia-Pacific market saw a sharp drop in prices in Q2 2024 due to a pattern of unfavorable exchange rate movements and increased supply. Together with a decline in both domestic and foreign demand, the overstocked inventories fueled a downward trend in prices. Devaluation of the currency relative to the United States dollar also affected export competitiveness by increasing local stock levels and decreasing pricing. Furthermore, trade flows were hampered by increased geopolitical tensions, which increased freight costs and decreased demand. In order to prevent product deterioration, suppliers in China planned for the periodic summer destocking, which resulted in sharp price drops.

Q4 2023:

The Asia Pacific region witnessed notable shifts in the fumaric acid market at the end of the quarter 2023, influenced by several critical factors. There was sharp rise in demand, which pushed prices upward as market participants acted on positive expectations and restocked inventories. In China, in particular, prices increased significantly, driven by economic recovery efforts following the Golden Week holiday and a surge in demand from individual consumers and businesses. Moreover, reduced production power in Maleic anhydride manufacturers led to a tighter supply of fumaric acid, further elevating prices. As December began, moderate to high supply was observed due to merchants clearing backlogs and reducing inventories. However, sluggish demand and persistent strength in raw material prices, like Maleic anhydride, continue to create a complex market environment, influencing pricing dynamics.

This fumaric acid price analysis can be expanded to include a comprehensive list of countries within the region. 

Latin America Fumaric Acid Price

The analysis of fumaric acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks. 

This comprehensive review can be extended to include specific countries within the region. 

Fumaric Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Fumaric Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of fumaric acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of fumaric acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of fumaric acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing fumaric acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Fumaric Acid Market Analysis

The global fumaric acid market size reached US$ 775.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1134.5 Million, at a projected CAGR of 4.20% during 2023-2032.

• The food and beverage industry operates as the main driver of fumaric acid markets where it is used as a food additive, preservative and to impart sour flavor. As per the report by Food and Agriculture Organization (FAO) of the United Nations, global food and beverages consumption is on course to increase by 2.5% annually. As a result, fumaric acid is going to play a significant role as an ingredient in various products including beverages, bakery items and confectionery.
• The rise in the pharmaceutical industry's application of fumaric acid as an ingredient such as in preparation of medicines and other types of medical formulations is considered as a major factor. The pharmaceutical industry is a well-known one that more often than not is also experiencing periodic growth, especially in areas such as in the developing economies of the world which makes the demand of fumaric acid in pharmaceutical applications to increase. There are available numbers from the WHO of the World Health Organization anticipating the global pharmaceutical sales to move to $1.5 trillion by 2023, and driving demand for the fumaric acid usage in pharmaceutical mixtures.
• Fumaric acid process is further integrated into unsaturated polyester resin (UPR) manufacturing which magnifies the construction materials market. The development sector’s ongoing expansion, especially in the emerging countries, is generating a significant growth for UPRs. 
• The rising consciousness of sustainability and its strengthening in the regulatory requirements push preferential demand for such saltless chemicals as fumaric acid. Initiatives from governments such as the European Union’s Green Deal which aim to improve green and increased carbon emission whereby they have been. This creates a driving factor for practices focusing on nature friendly solutions where bio-based fumaric acid is an indispensable component. As per the statistics from the European Chemicals Agency’s (ECHA) recent reports, the bio-based chemicals production and consumption in the European Union show the significant growth of 25% in the last five years.

Fumaric Acid News

The report covers the latest developments, updates, and trends impacting the global fumaric acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in fumaric acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the fumaric acid price trend.

Latest developments in the fumaric acid industry:

• In February 2022, Univar Solutions International Inc. presented a strategic collaboration project between them and Changzhou Yabang Chemical Co. Ltd., whose main purpose is distributing the fumaric acid products of the latter in the European market, and so they can broaden their footprints across the region. The partnership of both univar and Ardet strengthens univar's position as a leading distributor of specialty chemicals in Europe, enabling customers to enjoy high-quality fumaric acid solutions that are backed up by the vast experience and strong chemical distribution network of univar.
• In November 2021, Huntsman Corporation completed extension of its fumaric acid manufacturing plant based in Texas, United States. With this extension project, Huntsman took additional 50,000 tons of capacity on an annual basis, which increased their existing production capabilities for fumaric acid. This way, the total production capacity for fumaric acid has enhanced substantially. This expansion empowers Huntsman to gain new markets and enrolls the company into the expanding fumaric acid markets in the food and beverage, pharmaceutical and construction industries. The company can assure the world countries that it can meet the needs of the market due to its ability to scale it up production.

Product Description

Fumaric acid is a common diprotic organic acid, having naturally occurring properties from the group of dicarboxylic acids. It can be found in various fruits and vegetables, such as apples, grapes, and mushrooms. It is a chemical of a colorless powder and very soluble in water and ethanol with a sour taste.

Fumaric acid is typically yielded through catalytic isomerization of maleic acid, or in the other hand, through catalytic oxidation of benzene or other hydrocarbons. There are several commercially available catalyst-cocurrent processes which use a maleic anhydride and water reaction.

Fumaric acid is widely used in different sectors, including paints, detergents, or even food and cosmetics. This additive is employed as a saving and flavour enhancer in all spheres of food and drinks between drinks, candies and baking mixes. In pharmaceuticals, it refers to the medicines and dosage formulations where it is present. Employing fumaric acid the manufacturers can make up a quality resins for coating, adhesives, and construction materials by using its good chemical properties and variety.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of fumaric acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting fumaric acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The fumaric acid price charts ensure our clients remain at the forefront of the industry.