Sodium Bromide Price Trend, Chart, Monitor, Prices, Demand & Historical Data 2024 - IMARC Group
Sodium Bromide Price in India
- India: 1700 USD/MT
Sodium Bromide Prices December 2023:
- India: 1700 USD/MT
- Netherlands: 1575 USD/MT
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The study delves into the factors affecting Sodium Bromide 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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Sodium Bromide Price Trend- Q4 2023
In the fourth quarter of 2023, the sodium bromide market exhibited varying trend influenced by a complex mix of factors across different regions. In North America, despite initial price declines due to low demand and surplus inventories, there was a noticeable improvement in economic conditions by November. This improvement was attributed to increased consumer spending and a positive shift in consumer confidence, suggesting optimism about future business conditions.
However, the market faced challenges such as potential economic downturns, inflation, and geopolitical uncertainties. Additionally, typical year-end behaviors like destocking and reduced industrial activity during holidays further affected market dynamics. In contrast, the APAC region saw a steady supply chain and moderate demand from industries like water treatment and pharmaceuticals. Europe faced its challenges with decreased demand in key sectors and rising production costs, leading to a bearish market sentiment and declining prices.
Sodium Bromide Market Analysis
The global sodium bromide market size reached 146.6 In Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 221.2 In Thousand Tonnes, at a projected CAGR of 4.70% during 2023-2032.As of December 2023, several key factors influenced the pricing of sodium bromide globally. In North America, the market initially suffered from reduced prices due to an oversupply and weakening demand, influenced largely by economic uncertainties and a cautious approach from consumers and industries alike.
However, as consumer confidence improved, there was a slight recovery in market conditions, although the continued practice of destocking and reduced industrial operations during the holiday season offset this. These factors combined to maintain a volatile pricing environment, where the potential for an economic downturn and inflationary pressures loomed large, affecting purchasing behaviors and investment decisions in sodium bromide.
In contrast, the APAC and European markets faced unique challenges that shaped the sodium bromide pricing landscape. In APAC, particularly in India, the depreciation of the local currency against the US dollar made imports cheaper, which, along with sufficient existing inventories, led to a slight decrease in prices. This was reflective of a broader regional trend where muted demand failed to uplift the market significantly despite steady import levels. Europe, meanwhile, grappled with increased production costs due to rising natural gas prices and an uptick in upstream costs like hydrobromic acid.
This increase in input costs, combined with low demand from critical sectors such as water treatment and oil drilling, decreased sodium bromide prices. The market sentiment in Europe remained largely bearish, characterized by reduced consumption and cautious inventory management by manufacturers.
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Key Points Covered in the Sodium Bromide Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sodium Bromide Prices
- Sodium Bromide Price Trend
- Sodium Bromide Demand & Supply
- Sodium Bromide Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Bromide Price Analysis
- Sodium Bromide Industry Drivers, Restraints, and Opportunities
- Sodium Bromide 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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