The latest report by IMARC, titled "Acetonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of acetonitrile prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acetonitrile Prices December 2023:
- United States: 2290 USD/MT (Pharma Grade)
- Japan: 1410 USD/MT
- South Korea: 1435 USD/MT
- Belgium: 1645 USD/MT (Pharma Grade)
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The study delves into the factors affecting acetonitrile 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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Acetonitrile Price Trend- Q4 2023
The acetonitrile market's trajectory in the final quarter of 2023 was influenced by a blend of market dynamics, supply chain factors, and economic conditions. Initially, North America witnessed a decline in acetonitrile prices due to reduced downstream inquiries, particularly from the pharmaceutical and chemical sectors, and a drop in the cost of raw materials like acetic acid. However, the market began to recover as downstream suppliers and distributors capitalized on lower prices to replenish their inventories. Supply chain disruptions, exacerbated by inflationary pressures and elevated fuel costs, alongside the rising costs of feed materials, pushed prices upward. In contrast, the Asia-Pacific region faced a bearish sentiment due to declining downstream buying activities and sluggish shipments despite a modest upturn in December. Europe's market exhibited fluctuations influenced by global economic slowdowns, impacting consumption across various industries, and geopolitical factors that increased transportation costs and delivery times.
The global acetonitrile market size reached 155.8 kilotons in 2023. By 2032, IMARC Group expects the market to reach 226.3 Kilo Tons, at a projected CAGR of 4.10% during 2023-2032. In North America, the initial price decline for acetonitrile was swiftly followed by a recovery phase, emphasizing the market's responsiveness to supply-demand shifts and raw material costs. The market's recovery was propelled by strategic stock replenishing by downstream suppliers, leveraging the lower prices to mitigate earlier losses. This phase was characterized by a steady climb in prices, culminating in an uptick influenced by supply chain disruptions, inflationary pressures, and increased costs of key feed materials. The scenario underscores the critical role of supply chain dynamics, economic conditions, and market strategies in shaping acetonitrile prices.
Conversely, APAC grappled with a continuous bearish market sentiment attributed to reduced downstream activities and high inventory levels. The modest recovery in December, particularly in Japan, was overshadowed by the overall pessimistic outlook driven by decreased domestic and overseas purchasing sentiments. This trend was mirrored in Europe, where acetonitrile prices fluctuated against a backdrop of a global economic slowdown and geopolitical tensions affecting transportation and delivery costs. The European market, especially Belgium, experienced a late-quarter price rebound, influenced by a modest increase in buying sentiments and stable trade activity despite geopolitical and economic hurdles. These narratives from APAC and Europe highlight the nuanced influence of global economic conditions, market sentiment, supply chain logistics, and geopolitical issues on acetonitrile prices.
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Key Points Covered in the Acetonitrile Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acetonitrile Prices
- Acetonitrile Price Trend
- Acetonitrile Demand & Supply
- Acetonitrile Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acetonitrile Price Analysis
- Acetonitrile Industry Drivers, Restraints, and Opportunities
- Acetonitrile 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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IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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