Acesulfame Potassium Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

In the second quarter of 2023, Acesulfame Potassium prices in North America faced a sluggish market sentiment. This was primarily attributed to a sustained decline in demand from the food & beverage and pharmaceutical sectors. The surplus inventory resulting from weak demand compelled suppliers to reduce their prices. Furthermore, economic instability in the United States and rising global inflation rates contributed to decreased interest in artificial sweeteners. Import volumes in May dwindled significantly as U.S. businesses grappled with large inventories, and major container ports across the country also experienced a decline in imported goods. Geopolitical tensions in May prompted shifts in commerce. However, dwindling domestic inquiries, surplus inventories, and the recent World Health Organization (WHO) classification of Aspartame as a "possible carcinogen" have left distributors hesitant to place large orders, given the falling prices. Consequently, trades and suppliers are now focusing on depleting their surplus rather than restocking their inventories.

Asia Pacific:

Throughout the second quarter of 2023 in the Asia Pacific (APAC) region, including China and India, Acesulfame Potassium prices followed a parallel market trend. In the Chinese market, prices consistently declined due to weakened demand for Acesulfame Potassium, a prominent artificial sweetener in the food industry, both domestically and internationally. Additionally, the strengthening of the Chinese Yuan against the U.S. dollar in May made Acesulfame Potassium more expensive for foreign consumers, leading to a significant drop in international inquiries. Towards the end of Q2 in June 2023, Acesulfame Potassium prices plummeted by approximately 13%, surpassing the declines of the preceding two months. This sharp price drop was attributed to reduced purchases of upstream materials from the international market, resulting in higher stockpiles. China's Manufacturing PMI also declined to 50.5 in June 2023 from 50.9 in May, marking the second consecutive month below the 50-point threshold, indicating a contracting manufacturing sector. Consequently, domestic suppliers resorted to offering discounts to clear their accumulated stocks.

Get Real Time Prices of Acesulfame Potassium:?https://www.chemanalyst.com/Pricing-data/acesulfame-potassium-1348

Europe:

Across the European market, Acesulfame Potassium prices continued their downward trajectory throughout the second quarter of 2023, primarily due to sustained decreases in domestic demand and international inquiries since the middle of the first quarter. Additionally, the German market witnessed higher availability of artificial sweeteners, driven by declining demand and weakened trade activity, resulting in minimal import-export movements within the region. Moreover, raw material prices used in Acesulfame Potassium manufacturing exhibited a decreasing trend, further supporting the overall price depreciation until the final weeks of June. Recognized as a crucial artificial sweetener in the food industry, Acesulfame Potassium faced seasonal shifts, prompting merchants to prioritize destocking their accumulated inventory while refraining from restocking activities to prevent product deterioration in June. Overall, the second quarter witnessed a 10% decline in Acesulfame Potassium prices in Europe.

?

About Us:?

ChemAnalyst?is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

?

Contact Us:

ChemAnalyst

420 Lexington Avenue, Suite 300,

New York, NY, United States, 10170

Call +1 3322586602

Email:?[email protected]

Website:?https://www.chemanalyst.com

?