Glycol Ether Price in Germany
- Germany: 1297 USD/MT
In Q4 2023, glycol ether prices in Europe rose initially due to feedstock issues and Sasol's maintenance, then fell to $1,297/MT in Germany amid reduced demand and economic slowdown.
The latest report by IMARC Group, titled “Glycol Ether Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the glycol ether price trend. This report delves into the Price of Glycol Ether globally, presenting a detailed analysis, along with an informative Glycol Ether Price Chart. Through comprehensive Glycol Ether price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Glycol Ether Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this Glycol Ether Prices report an invaluable resource for industry stakeholders.
Glycol Ether Prices December 2023:
- Germany: 1297 USD/MT
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The study delves into the factors affecting glycol ether price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Glycol Ether Price Trend- Q4 2023
The glycol ether market is experiencing significant growth due to increased demand from the household & personal care sector, where glycol ethers are extensively used in products such as cleaning agents, cosmetics, and personal care items. Seasonal events and festivals in regions such as Asia, including the Lunar New Year and Seollal in South Korea and China, have further escalated consumption, leading to higher stocking practices among manufacturers. Additionally, the growth of the e-commerce sector has heightened global air cargo demand, influenced supply chain dynamics, and contributed to price fluctuations. Limited production rates due to high energy costs and constrained feedstock availability, notably ethylene and propylene, have further tightened supply, exacerbating the upward price trend. Geopolitical tensions and disruptions in key shipping routes, particularly in the Red Sea region, have also played a role in constraining supply chains and influencing market dynamics.
Glycol Ether Market Analysis
The global glycol ether market size reached 0.9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 1.3 Million Tons, at a projected CAGR of 4.50% during 2023-2032. In North America, prices increased at the beginning of the first quarter of 2024 due to moderate to low availability of stocks and improved consumption post-new-year holidays. Exporter supplies were limited due to high energy costs and constrained ethylene supplies, impacted further by geopolitical tensions and the red sea crisis. The mid-quarter saw a further rise in prices driven by robust international demand from the household & personal care sector. However, production rates were hindered by sluggish feedstock availability, compounded by OPEC+ production cuts affecting upstream crude oil supplies. Towards the end of the quarter, rising global air cargo demand, fueled by e-commerce growth and shipping route disruptions, caused fluctuations in air freight rates and supplies, leading to increased quotations from exporters amidst firm demand from cosmetics manufacturers.
In the Asia-Pacific region, glycol ether prices rose by 6% from the previous quarter due to strong orders from cleaning agent manufacturers and increased consumption in the household sector ahead of the lunar new year. Mid-quarter, demand increased further amid the Seollal and Lunar New Year festivals in South Korea and China and the ongoing wedding season in India. The steady demand from the household sector during various festivals around the spring season also contributed to price increments. However, product availability was moderately low due to weak production rates, influenced by limited feedstock supplies and global disruptions in shipping routes. In Europe, the glycol ether market witnessed a bullish trend, with prices rising by almost 10% from the previous quarter. The initial phase of the quarter was marked by high energy costs and weak feedstock ethylene availability, with geopolitical tensions and the Red Sea crisis exacerbating supply chain disruptions.
Key Points Covered in the Glycol Ether Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Glycol Ether Prices
- Glycol Ether Price Trend
- Glycol Ether Demand & Supply
- Glycol Ether Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Glycol Ether Price Analysis
- Glycol Ether Industry Drivers, Restraints, and Opportunities
- Glycol Ether News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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