Glucosamine Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

For the Quarter Ending June 2023

North America:

The Glucosamine market in North America experienced a slight decline in prices during the second quarter of 2023. From April to June, the FOB New Jersey prices dropped from $9350 per tonne to $9300 per tonne, a decrease of -0.53%. This drop can be attributed to lower demand for Glucosamine in the US, as nutraceutical firms had ample stocks. The nutraceuticals sector in the country has shown mixed market activity due to differing opinions on the cost of dietary supplements. Additionally, the nation’s inflation has been decreasing, partly due to reduced supply chain pressures. However, rising labor costs may contribute to higher inflation, leading to a potential increase in interest rates by the Fed in July. Market participants in the food and dietary supplement industries are adopting a wait-and-see approach due to uncertainties surrounding the US economy.

Asia Pacific:

In the Asia-Pacific region, the Glucosamine market experienced a downward pricing trend in quarter 2 of 2023. Prices in China fell from $6130 per tonne to $6100 per tonne FOB Shanghai between April and June. This decline was driven by decreased demand from pharmaceutical and nutraceutical sectors globally and domestically. Chinese glucosamine manufacturers were forced to sell the product at reduced margins due to lower demand and consumer inquiries. China’s manufacturing activity declined for the third consecutive month in June, indicating economic challenges. The government is under pressure to increase stimulus spending to support the economy, which initially rebounded strongly in Q1 2023 but has since flattened out. The June PMI also highlighted imbalances and weaknesses in domestic and international demand, company activity, and the pharmaceutical and nutraceutical industries.

Get Real Time Prices of Glucosamine: https://www.chemanalyst.com/Pricing-data/glucosamine-1287

Europe:

The Glucosamine market in Europe had a pessimistic outlook in Q2 2023, with slight price declines observed in the German market. The decrease in demand from downstream industries, combined with ample supplier stocks, contributed to this price reduction. The cost of gas for energy reached its lowest point since the crisis began in April, raising hopes for a stronger economic rebound and facilitating trade with Asia. However, an unexpected increase in unemployment in Germany during June severely impacted the market environment. Retailers stockpiled Glucosamine to avoid future shortages, resulting in price margin drops later in the quarter to clear their inventories. Germany’s inflation increased by over 6% in June, but the country’s glucosamine industry has not yet been affected. Like the rest of the world, market participants in Europe are cautious and pessimistic about the economic situation.

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