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Melatonin Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

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Melatonin Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst



For the Quarter Ending June 2023


North America

In the second quarter of 2023, the Melatonin market in North America experienced a significant price decline. Prices dropped from $132,200 per metric tonne to $115,000 per metric tonne, marking a 13% decrease from April to June. The main reason behind this sharp decline was the decrease in Melatonin demand from downstream industries in the US, caused by regional suppliers overstocking. Despite diverging opinions on the pricing of Nutraceuticals and APIs, the nutraceutical sector in the country showed fragmented market activity. Additionally, the nation's inflation rate decreased, along with gas prices during the quarter. Economists and industry professionals consider this temporary dip in inflation to be a result of reduced supply chain pressures. However, there is concern that increasing labor costs could keep inflation high, potentially leading the Fed to raise interest rates in July. Given the uncertain state of the US economy, market participants in the food and dietary supplement sectors are proceeding with caution.

Asia Pacific

The Asia-Pacific region saw a downward pricing trend in the Melatonin market during the second quarter of 2023. From April to June, discussions in China witnessed prices plummeting from $100,830 per tonne to $90,200 per tonne FOB Shanghai. The decline in demand for Melatonin from both the pharmaceutical and nutraceutical sectors, both domestically and internationally, contributed to this price drop. As a result, Chinese Melatonin manufacturers were compelled to offer their products at lower margins to address decreased demand and consumer inquiries. Manufacturing activity in China declined for the third consecutive month in June, albeit at a slower rate. This data puts pressure on the government to increase stimulus spending and support an economy that is stabilizing after a strong post-COVID rebound in Q1 2023. The June PMI also revealed imbalances and challenges, including drops in domestic and foreign demand, declining corporate activity, and mounting pressure on the pharmaceutical and nutraceutical industries.


Get Real Time Prices of Melatonin: https://www.chemanalyst.com/Pricing-data/melatonin-1226

Europe

The Melatonin market in Europe was challenging during the second quarter of 2023, with price negotiations in the German market experiencing a decline. The decrease in downstream demand, combined with abundant supplies, contributed to the drop in Melatonin prices in Germany. Gas prices for energy in Europe reached their lowest level since the start of the crisis in April, fueling expectations for a stronger economic recovery and benefiting trade with Asia. However, an unexpected rise in unemployment in Germany during June had a significant negative impact on the market climate. Retailers stockpiled Melatonin and other nutraceutical products and dietary supplements in warehouses to avoid future shortages. This led them to lower their pricing margins later in the quarter to clear their inventories. Although the Melatonin industry in the country has not been impacted yet, Germany's inflation rose by 6.4% in June, raising concerns. Market participants in Europe remain uncertain and pessimistic about the state of the economy, mirroring global sentiment.



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