Salicylic Acid Prices

Salicylic Acid Prices September 2024

The salicylic acid prices in the United States for Q3 2024 reached 3700 USD/MT in September. The rising consumer interest and early Christmas shopping were the main drivers of the significant increase in salicylic acid prices in the United States. The supply chain was strained as importers accelerated shipments due to worries about possible port strikes along important coasts. This increasing trend was further exacerbated by supply-side problems and logistical difficulties, which led to a robust market for the entire quarter.

The price trend for salicylic acid in China for Q3 2024 settled at 1255 USD/MT in September. Due to strong demand and continuous supply chain interruptions brought on by the Red Sea situation, prices of salicylic acid in China increased significantly. Due to the nation's crucial position as a major center of production, there were notable changes in the market. Strong pricing momentum was observed during the quarter, despite obstacles such as freight problems and facility shutdowns.

In Germany, the salicylic acid prices for Q3 2024 reached 3400 USD/MT in September. The market in the country experienced a notable price increase. Steady pharmaceutical demand and improved consumer spending, supported by lower inflation, drove this trend. The Red Sea crisis and early inventory restocking for the holiday season also strained supplies, pushing prices higher through the quarter.

Salicylic Acid Prices June 2024

The salicylic acid prices in the United States for Q2 2024 reached 2850 USD/MT in June. Salicylic acid costs in the United States varied. April saw a first decline in prices as consumer spending and new orders were stifled by economic uncertainty and high interest rates. An unanticipated increase in consumer confidence linked to labor market developments caused prices to rebound halfway through the quarter. Prices fell once more by June as a result of declining order backlogs and weaker demand, indicating a slower pace of economic growth.

The price trend for salicylic acid in China for Q2 2024 settled at 2700 USD/MT in June. There were significant price fluctuations in the Chinese salicylic acid market. Due to high supply and poor demand both internationally and domestically, prices started the quarter down. May saw a recovery as prices rose as a result of stable consumer demand and constrained supply. However, since market mood was affected by declining demand and financial pressures, prices fell once more in June.

In Europe, the salicylic acid prices for Q2 2024 reached 2839 USD/MT in June. Mixed economic signals caused price changes in the European salicylic acid market. Low demand and consumer sentiment tempered by inflation and high energy prices were the main causes of the early drops. May saw a modest rebound due to stronger demand from the cosmetics and pharmaceutical industries. By June, prices had dropped once more due to cautious consumer spending and ongoing inflation, bringing the quarter to a cautiously stable close.

Salicylic Acid Prices March 2024

The salicylic acid prices in the United States for Q1 2024 reached 2965 USD/MT in March. A variety of economic reasons contributed to the volatility of salicylic acid costs in the United States in the beginning of 2024. Due to restrained consumer behavior and slowed sales due to rising inflation, prices started the quarter lower. Inventory accumulation also caused oversupply problems for the market. Improved business optimism and more new orders in March caused prices to momentarily rise, illustrating a complex market situation influenced by changing supply and demand.

The price trend for salicylic acid in China for Q1 2024 settled at 2750 USD/MT in March. The prices fluctuated in China. Challenges in the manufacturing industry and lower demand due to the Lunar New Year holiday were the main causes of the initial cost reductions. Moreover, the market saw a recovery when production restarted after the break, bolstered by growth in both domestic and foreign demand. Due to changes in the market and industrial trends, the pricing scene at the end of the quarter was diverse.

In Germany, the salicylic acid prices for Q1 2024 reached 2940 USD/MT in March. The region saw a range of price patterns for salicylic acid in Germany. Due to weaker demand and economic conservatism, prices dropped early in the quarter, which had an effect on consumer spending. The market environment was made more complex by the stable interest rate policies by Central Bank. Lower inflation rates in the latter part of the year helped to boost behavior of customers, which in turn led to price increases. Changes brought on by inflation and shifting demand were reflected in the market as a whole.

Salicylic Acid Prices December 2023

The salicylic acid prices in the United States for Q4 2023 reached 3250 USD/MT in December. In Q4 2023, the salicylic acid market in the United States witnessed significant price fluctuations. October experienced a price drop due to low domestic demand and ample inventories. However, November brought a sharp price rise, driven by increased consumer spending and heightened demand for personal care products. The trend continued into December, fueled by holiday demand and supply chain disruptions.

Regional Coverage

The report provides a detailed analysis of the salicylic 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 salicylic acid price trend.

Global Salicylic Acid Price

The report offers a holistic view of the global salicylic acid pricing trends in the form of salicylic 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 salicylic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into salicylic 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 salicylic 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 Salicylic Acid Price

Q3 2024:

In Q3 2024, the price of salicylic acid increased significantly in the European market, with Germany seeing the biggest changes. Prices were supported by stable inflation and strong demand, especially in the pharmaceutical industry. Consumer spending power increased as inflation decreased, sustaining demand despite growing expenses. Global shipping difficulties were exacerbated by the Red Sea situation, which led to an early inventory restocking before the holidays, further reducing supply. With a notable price increase, Germany led the area, underscoring ongoing demand and logistical pressures that supported the upward price movement throughout the quarter.

Q2 2024:

Price instability occurred in Q2 2024 as a result of a combination of fluctuating consumer confidence, supply-demand imbalances, and economic factors. As the initial mood of the market soured, fewer orders and lower sales volumes caused prices to drop. Consumer confidence was weakened by inflation, which was fueled by rising food and energy prices and accelerated the declining trend. However, demand from important industries including food, cosmetics, and pharmaceuticals increased in May, resulting in a comeback. Although the supply was stabilized by adequate inventory levels, prices fell once more by June as a result of cautious spending and weak domestic demand brought on by high interest rates and inflation worries.

Q1 2024:

Salicylic acid prices in Europe saw a mixed development in Q1 2024, influenced by both favorable and unfavorable factors. Prices fell in the beginning of the quarter as a result of lower demand, especially in the pharmaceutical and healthcare sectors, which was impacted by cautious consumer behavior and economic uncertainty. Central bank measures that kept interest rates high and strained consumer spending capacity added to this recession. Due to low demand and suppliers clearing out large stocks, the market had overstock problems. Prices began to rise at the end of the quarter, helped by improved market sentiment and lower German inflation, which increased consumer confidence and purchasing power. Europe's price environment remained complicated due to supply chain issues, inflation, and changes in demand.

Q4 2023:

The European market in Q4 2023 was marked by price fluctuations. October witnessed a sharp fall in prices, largely due to weak consumer confidence, high rate of interest, and excess market supply. The easing of inflation and growing concerns of a recession, particularly in Germany, further exerted downward pressure on prices. However, in November, the market experienced a turnaround, with increasing prices due to stronger demand from the healthcare and pharmaceutical sectors, coupled with improving business outlook in Germany. Other than this, holiday season and reduced exports from China contributed to the continued price increase in December, as supply constraints and inflationary pressures also played a role.

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

North America Salicylic Acid Price

Q3 2024:

Salicylic acid costs increased significantly in Q3 2024, with the United States of America driving the increase. Significantly contributing to this increase were elements like early holiday stocking brought on by the Red Sea situation and heightened consumer confidence. Importers were compelled to expedite shipments and further tighten the supply chain owed to the possibility of port strikes along the East and Gulf Coasts. These factors were exacerbated by logistical challenges and ongoing supply chain uncertainty, which increased the price. The market demonstrated considerable momentum by the conclusion of the quarter, indicating consistent price growth brought on by these fundamental issues.

Q2 2024:

The salicylic acid market displayed erratic pricing trends. The period started off on the increase, had a dip in the middle, and then ended on an upswing. These changes were significantly impacted by consumer confidence and United States economic indices. Due to a downturn in domestic business and fewer new orders brought on by consumer hesitancy and high interest rates that restricted spending, prices first declined in April. As the consumer mood rose due to a strengthening labor market, prices increased halfway through the quarter. However, by June, prices had fallen again as a result of declining demand, fewer new orders, and shrinking backlogs, all of which pointed to a slowdown in the economy.

Q1 2024:

Salicylic acid prices were impacted by a number of events during the first quarter of 2024 that went beyond normal market forces. The time frame was characterized by significant price volatility and instability. Prices fell at the start of the quarter as a result of lower consumer spending, which was influenced by a slow retail sales environment and rising inflation. Due to consumers' cautious behavior and the overabundance brought on by inventory building up before China's spring festival, demand fell as a result. Better business optimism and a spike in new orders that exceeded domestic supply were the main drivers of the price increase by March. A brief price hike was the outcome of this change.

Q4 2023:

In the final quarter of 2023, the market in the U.S. experienced substantial changes. October began with a notable price drop due to weak demand domestically and a surplus of inventory among suppliers. The strong U.S. dollar made imports more cost-effective, further contributing to the decline. Falling prices in key exporting nations, such as China, also supported this downward trend. However, November witnessed a shift due to an increase in prices driven by rising consumer spending and growing demand from the personal care sector. The dollar weakening against other currencies made imports more expensive, adding upward pressure on prices.

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

Middle East and Africa Salicylic Acid Price

The report explores the salicylic 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 salicylic acid prices for countries can also be provided.

Asia Pacific Salicylic Acid Price

Q3 2024:

Strong domestic and international demand drove a spike in salicylic acid costs in the Asia Pacific region in Q3 2024. Price increases were caused by supply chain interruptions that were made worse by the Red Sea crisis. Due to its global supply role and the demand from cosmetics and pharmaceuticals, China, a major industrial center, experienced price fluctuation. The region kept up a bullish pricing trend in spite of plant halts and logistical difficulties. The market demonstrated tenacity in the face of difficulties, highlighting a distinct relationship between ongoing demand and constrained supply, which bolstered the price increases observed during the time frame.

Q2 2024:

The region's salicylic acid market saw a range of price changes in Q2 2024, with China exhibiting the most swings. Initially, low demand and an oversupplied market caused prices to decline and was made worse by logistical problems and increased transportation expenses. Prices recovered by May as a result of steady demand and constrained supply, which favored sellers. Supply was further constrained by the decline in industry output, which was a sign of diminished production capacity. However, by June, prices had dropped once more as a result of dwindling consumer demand and market financial pressures. Prices at the conclusion of the quarter showed that China's economy was both stable and under strain.

Q1 2024:

Demand from important industries like pharmaceuticals, healthcare, and cosmetics drove diverse trends in salicylic acid pricing throughout the Asia Pacific region in Q1 2024. China's industrial sector, which encountered difficulties that upset supply and demand dynamics, had a significant impact on price volatility. At the beginning, the Lunar New Year holiday, which is linked to decreased industrial activity, put additional pressure on prices to decline. However, as post-holiday production activity increased and demand both domestically and abroad grew, prices started to rise again. By demonstrating the region's dynamic pricing driven by shifting production and demand, this recovery generated good momentum toward the conclusion of the quarter. A complex combination of supply chain modifications and indications of economic recovery was reflected in the pricing environment in Asia Pacific.

Q4 2023:

During Q4 2023, the market in the Asia-Pacific region faced significant volatility. China's manufacturing sector experienced unexpected decline in October, reflecting broader economic difficulties and weaker-than-expected market conditions. This downturn was driven by reduced demand and lower manufacturing output, influenced by seasonal factors. Both manufacturing and non-manufacturing indicators pointed to a downfall in demand, resulting in a sluggish market. However, November witnessed a turnaround with a surge in salicylic acid prices, driven by increased domestic orders, improved market sentiment, and rising costs of raw materials like phenol. The colder weather also boosted demand for skincare products containing Salicylic acid, maintaining the upward trend.

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

Latin America Salicylic Acid Price

The analysis of salicylic 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.

Salicylic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Salicylic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of salicylic 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 salicylic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of salicylic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing salicylic 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.

Salicylic Acid Market Analysis

The global salicylic acid market size reached US$ 447.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 746.4 Million, at a projected CAGR of 5.70% during 2023-2032.

• The rising product adoption in skincare and cosmetics industry is primarily driving the market growth. Salicylic acid is widely recognized for its ability to treat acne-prone skin by exfoliating the skin and clearing pores, making it a staple ingredient in many skincare products. According to the NATIONAL LIBRARY of MEDICINE, in different countries and among different age groups, the prevalence of acne varies, with estimates ranging from 35% to close to 100% of adolescents having acne at some point. Besides, the increasing consumer awareness regarding skincare routines and the desire for clear and healthy skin have led to a surge in demand for salicylic acid-based products.
• Salicylic acid is a key ingredient in the manufacturing of aspirin, a widely used medication for pain relief, anti-inflammatory treatments, and cardiovascular health. The global increase in chronic diseases related to pain and inflammation, coupled with the aging population, has led to a steady demand for aspirin and consequently for salicylic acid. According to the NATIONAL LIBRARY of MEDICINE, the prevalence of diseases associated with chronic inflammation is anticipated to increase persistently for the next 30 years in the United States. Moreover, 350 million people worldwide and nearly 43 million people in the United States or almost 20% of the population will experience arthritis and related joint pain, thus creating a favorable market outlook in the coming years.
• Salicylic acid derivatives such as methyl salicylate are used extensively in various industrial applications as flavoring agents and preservatives. Methyl salicylate is used in the food and beverage industry to impart aroma and flavor in products. Additionally, salicylic acid is used as a preservative in many personal care products, extending their shelf life by preventing microbial growth. Consequently, the expanding beauty and personal care products market which is expected to reach US$ 759.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032, as stated by IMARC Group, is also escalating the demand for salicylic acid across the globe.

Salicylic Acid News

The report covers the latest developments, updates, and trends impacting the global salicylic 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 salicylic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the salicylic acid price trend.

Latest developments in the salicylic acid industry:

• In May 2019, The Ordinary, launched an innovative face mask, Salicylic Acid 2% Masque, which consisted salicylic acid as a key ingredient with additional ingredients charcoal and clay.
• In December 2022, Peace out skincare, announced their newest launch, Peace Out Acne Day Dot that contains all the acne-fighting and healing ingredients, such as hydrocolloid polymer technology, salicylic acid, and aloe vera leaf extract.

Product Description

Salicylic acid is a beta hydroxy acid (BHA) that occurs naturally in plants, particularly in willow bark and wintergreen leaves. It is also synthetically produced for various commercial applications. Chemically, it is known as ortho-hydroxybenzoic acid, and it possesses both carboxylic acid and phenolic functionalities, which confer its acid and phenol properties, respectively. Salicylic acid is widely recognized for its role in medical and cosmetic products due to its ability to help the skin shed dead cells from the top layer and decrease redness and swelling. This decreases the number of pimples that form and speeds healing. In addition to its skincare benefits, salicylic acid is used in the production of aspirin which is a common pain reliever and anti-inflammatory agent. This derivative is one of the most widely used medications globally for reducing pain, fever, and inflammation.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of salicylic 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 salicylic 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 salicylic acid price charts ensure our clients remain at the forefront of the industry.