Gelatin Prices: During the Quarter Ending December 2023

North America

In the fourth quarter of 2023, the Gelatin market in North America faced fluctuations influenced by various factors impacting prices. Initially, prices saw a moderate increase due to sustained demand from the food and pharmaceutical sectors. However, they later declined, driven by elevated interest rates and inflationary pressures, which reduced consumers' purchasing power.

In the USA, Gelatin prices rose in October, with both Gelatin (BS - 150) Food grade and Gelatine (BS - 220) Food grade increasing by 0.78% and 0.55%, respectively. This surge was fueled by heightened demand, limited inventories, and increased transportation costs. However, prices declined in November and December due to a global decrease in Gelatin demand. Faced with excess supply and potential reduced demand, manufacturers and distributors offered discounted quotations to clear surplus inventory, especially towards the year's end.

Comparatively, Gelatin prices in the current quarter increased by 14% year-on-year but experienced a 3% decrease from the previous quarter. The comparison between the first and second half of the quarter also showed a 3% decline. The quarter-ending price for Gelatin (BS - 150) Food grade CFR Houston in the USA stood at USD 7520/MT.

Get Real Time Prices of Gelatin: https://www.chemanalyst.com/Pricing-data/gelatin-1487

APAC

The Gelatin market in the APAC region during the fourth quarter of 2023 witnessed various factors influencing prices and market dynamics. Initially, prices surged due to a decline in imports from key exporting countries, leading to constrained supply amidst sustained domestic demand. Subsequently, Gelatin prices were impacted by subdued consumer sentiments stemming from economic slowdowns and high interest rates, resulting in low demand in the food and beverage industry.

In South Korea, Gelatin prices fluctuated notably, rising in October due to rapid energy price acceleration and reduced domestic market imports. However, prices declined in November and December due to shifting consumer preferences, economic slowdowns, and competition from alternative ingredients. Overall, Gelatin prices in the APAC region during Q4 2023 were shaped by a blend of factors, including consumer sentiments, demand and supply dynamics, and evolving market conditions. The latest price of Gelatin (BS - 150) Food grade in South Korea at the quarter's end was USD 7230/MT CFR Busan.

Europe

The Gelatin market in Europe in the fourth quarter of 2023 was influenced by several key factors. Initially, there was a decrease in overall Gelatin demand due to subdued consumer spending and reduced consumption, attributed to persistently high interest rates set by the European Central Bank. Additionally, availability of alternative ingredients like agar and pectin further contributed to lower demand.

The ample Gelatin supply in Europe was maintained, driven by the strengthening Euro against the US dollar, making exports more expensive and slowing exports to other nations. In Germany, the largest European economy, Gelatin prices experienced a significant decrease of 7.62% in September compared to the previous month, attributed to high inflation rates driven by rising food and energy prices. The manufacturing sector also faced challenges, with declining demand and production levels. The quarter-ending price for Gelatin (BS - 160) Pharma Grade FOB Hamburg in Germany was USD 8530/MT.

Get Real Time Prices of Gelatin: https://www.chemanalyst.com/Pricing-data/gelatin-1487

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