Benzyl Salicylate Price Trend and Forecast

Benzyl Salicylate Regional Price Overview

Get the latest insights on price movement and trend analysis of Benzyl Salicylate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Benzyl Salicylate Price Trend for the Second Half of 2023

The benzyl salicylate market witnessed variations in its price trend throughout the said period of H2’23. The Asian markets, particularly India and China, started on a positive note at the beginning of the third quarter, as the cosmetic and flavoring industries posed higher inclining demands. However, soon, things turned south by the middle of the third quarter.
 

Benzyl Salicylate Price Chart

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The oversupplied inventories started dominating the market's driving factors. These slumping trends continued well till the middle of the final quarter of 2023. It was in the latter half of the last quarter that the market situation started to change for the better again. Overall, very mixed market sentiments were witnessed in H2’23.

Analyst Insight

According to Procurement Resource, Benzyl Salicylate price trends are likely to fluctuate in the coming months as well. The current supply and demand dynamics are expected to improve, so better stability is anticipated in the benzyl salicylate market going forward.
 

Benzyl Salicylate Price Trend for the First Half of 2023

Benzyl Salicylate price trend closely follow the market behavior for feedstock benzyl alcohol and salicylic Acid. Prices mostly remained mixed for the first two quarters of the year 2023. Q1 witnessed a slightly inclined trajectory, given the rising feedstock prices, which added to the upstream costs. Also, the active hoarding sentiment of buyers, given the Chinese New Year holidays, pushed the market offtakes, thereby exerting pressure on the prices.

Prices maintained a stable run at the beginning of Q4 but declined afterward as the inventories overflowed and the onset of the summer season saw decreased demand from the food and flavor industries. Decreased oil and energy prices also helped to bring prices down. Also, low-wavering feedstock prices further added to the oscillating price trend. Overall, a fluctuating price behavior was observed during the period under discussion.

Analyst Insight

According to the Procurement Resource, the Benzyl Salicylate prices are expected to remain unsettled in the coming quarter, given the current market dynamics. The fluctuating feedstock prices, along with uncertain market offtakes, will continue to influence the benzyl salicylate market.

Procurement Resource provides latest prices of Benzyl Salicylate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.