Sodium Nitrite Price Trend
๐ฆ๐ผ๐ฑ๐ถ๐๐บ๐ก๐ถ๐๐ฟ๐ถ๐๐ฒ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ถ๐ป๐๐ต๐ถ๐ป๐ฎ
โข Cost: 498 USD/MT
In the fourth quarter of 2023, Chinese sodium nitrite prices fell 19% quarter-on-quarter and 23% year-on-year to US$498/tonne due to oversupply, moderate demand and increasing import competition.
IMARC Group’s latest report, “Global Poverty Rate: Poverty, Poverty, and Poverty”, the Sodium Nitrite Price Trend Report, provides a thorough study of sodium nitrite price trends. The report delves into the global sodium nitrite price and presents a detailed analysis and informative sodium nitrite price chart. Through a comprehensive sodium nitrite price analysis, the report sheds light on the key factors influencing these trends. In addition, historical data is included, providing context and details on the current price situation. The report also examines the demand for sodium nitrite and analyzes how it will impact market trends. To aid in strategic planning, the price forecast section provides insights on price forecasts, making this price report a valuable resource for industry players.
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The study takes an in-depth look at factors influencing sodium nitrite price fluctuations, including changes in raw material costs, supply and demand balance, geopolitical influences, and sector-specific trends.
The report also incorporates the latest updates of the market, providing the stakeholders with the latest information on market fluctuations, regulatory changes, and technological advancements, which acts as a comprehensive resource for the stakeholders and enhances their strategic planning and forecasting capabilities.
About ๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ๐ฟ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/sodium-nitrite-pricing-report/requestsample
๐ฆ๐ผ๐ฑ๐ถ๐๐บ๐ก๐ถ๐๐ฟ๐ถ๐๐ฒ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ง๐ฟ๐ฒ๐ป๐ฑ
The sodium nitrite market is primarily driven by several key factors contributing to the demand and growth. Its widespread use in the food industry as a preservative and color fixative plays a key role. Sodium nitrite helps prevent the growth of harmful bacteria in processed meats, ensuring food safety and extending shelf life. This is crucial for the meat processing industry. Moreover, the processed meat industry, which is expanding due to changing consumer lifestyles and preference for convenient food options, is driving the demand for sodium nitrite. Processed meats such as bacon, sausage, and ham rely on sodium nitrite for preservation and flavor enhancement. Furthermore, sodium nitrite is widely used in various industrial applications, including pharmaceuticals, agriculture, and wastewater treatment. In pharmaceuticals, it serves as a precursor for the synthesis of pharmaceutical compounds. In agriculture, it is used in formulating fertilizers and pesticides. Moreover, its role in controlling odors and removing heavy metals from wastewater contributes to its demand in environmental applications.
๐ฆ๐ผ๐ฑ๐ถ๐๐บ๐ก๐ถ๐๐ฟ๐ถ๐๐ฒ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐
The global sodium nitrite market size reached $2.2 billion in 2012. By 2020, IMARC Group expects the market to reach $2.5 billion by 2026, with a growth rate of 1.5%. The sodium nitrite market experienced mixed emotions in the fourth quarter of 2023, influenced by various factors. In particular, sluggish demand from downstream sectors such as food and beverages and other end-use industries significantly impacted market sentiment. In addition, the influx of low-cost imports exerted downward pressure on prices, reflecting the slow pace of consumer inquiries. Meanwhile, in the Asia-Pacific region, the sodium nitrite market maintained stability throughout the fourth quarter of 2023. Demand from the downstream food and beverage industry for sodium nitrite as a food preservative remained at a moderate level, with no notable inflow of new orders from international consumer markets. However, despite sluggish demand in the Eurozone and the United States, domestic companies faced competition from imports, especially from China.
In the fourth and final quarter of 2023, the European sodium nitrite market was in a bearish trend with prices consistently declining throughout the period. Prices fell in October due to weakening demand from downstream sectors, including food and beverages and other end-use industries. Eurozone manufacturing production contracted significantly, resulting in a significant decline in new orders. The manufacturing PMI increased slightly, indicating a long-term slump in the sector. In November, prices continued their downward trend due to persistently weak demand from downstream industries. Despite ongoing challenges, there was ample supply of materials in the consumer market. Although the PMI improved slightly, manufacturing activity continued to trend downward. The supply chain gradually eased, and vendor performance improved amid persistently weak consumer demand and limited market transactions.
๐๐ฟ๐ผ๐๐๐ฒ๐๐๐น๐น๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/sodium-nitrite-pricing-report
๐๐ฒ๐ ๐ฃ๐ผ๐ถ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐ต๐ฒ ๐ฆ๐ผ๐ฑ๐ถ๐๐บ ๐ก๐ถ๐๐ฟ๐ถ๐๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฃ๐ผ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป …๐ถ๐๐ฟ๐ถ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฅ๐ฒ๐ฝ๏ฟฝ
Along with a comprehensive breakdown of pricing by region, the report presents the following key findings:
โข Sodium Nitrite Price
โข Sodium Nitrite Price Trend
โข Sodium Nitrite Demand and Supply
โข Sodium Nitrite Market Analysis
โข Demand and supply analysis by type
โข Demand and supply analysis by application
โข Raw material demand and supply analysis
โข Sodium Nitrite Price Analysis
– Sodium Nitrite Industry Drivers, Restraints and Opportunities
โข Sodium Nitrite News and Recent Trends
โข Global Event Analysis
โข List of major players
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ says:
โข Countries covered: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, New Zealand and other Asian countries.
โข Countries included: Germany, France, UK, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, Greece and other European countries.
โข Location: United States and Canada
โข Countries/Regions: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco and other Middle East and African countries.
โข Countries included: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, Peru and other Latin American countries.
Please note: the current country list is selective and detailed information on additional countries can be obtained by clients upon request.
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