North America Formic Acid Prices Movement Last Quarter:

Formic Acid Prices in United States:

In Q2 2024, the Formic Acid Prices in United States experienced notable fluctuations, reaching 830 USD/MT in June, primarily driven by strong manufacturing demand, low inventory levels, and a steady methanol supply. The preservative and adhesives industries saw heightened activity, further fueling demand despite broader economic uncertainties. Additionally, limited stock availability contributed to periodic price surges, while consistent methanol imports from neighboring regions, such as Mexico, helped stabilize pricing towards the end of the quarter. According to the Formic Acid Pricing Report, these market dynamics underscored the delicate balance between supply and demand, influencing price trends throughout the quarter.

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Note: The analysis can be tailored to align with the customer's specific needs.

APAC Formic Acid Prices Movement Last Quarter:

Formic Acid Prices in Japan:

In Q2 2024, formic acid prices in Japan experienced a downward trend, settling at 460 USD/MT by June. This decline was primarily driven by reduced industrial activity during the warmer months, leading to lower consumption from key downstream sectors such as adhesives and textiles. Additionally, an oversupply of methanol in the market further pressured prices, creating a bearish sentiment among buyers. Many purchasers adopted a cautious approach, limiting orders and contributing to prolonged price reductions throughout the quarter. According to the Formic Acid Price Report, these factors collectively led to a persistent decline, highlighting the market's sensitivity to fluctuations in supply and demand.

Regional Analysis:  The price analysis can be extended to provide detailed formic acid price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

MEA Formic Acid Prices Movement Last Quarter:

Formic Acid Prices in Saudi Arabia:

In Q2 2024, the Formic Acid Price Index in Saudi Arabia reflected a notable decline, with prices reaching 580 USD/MT by June. This downward trend was primarily driven by overstocking, as suppliers struggled with excess inventory amid weak demand from key industries such as textiles and adhesives. Additionally, the broader impact of falling crude oil prices contributed to lower production costs, further pressuring market rates. Seasonal factors also played a role, with reduced industrial activity leading to subdued purchasing behavior. These combined influences resulted in a bearish market sentiment, keeping formic acid prices on a steady decline throughout the quarter.

Regional Analysis:  The price analysis can be extended to provide detailed formic acid price information for the following list of countries.

Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

South America Formic Acid Prices Movement Last Quarter:

Formic Acid Prices in Brazil:

In Q2 2024, formic acid prices in Brazil experienced a steady decline, settling at 765 USD/MT in June, primarily due to oversupply and weak demand from key sectors like textiles. The abundance of inventory in the market created downward pricing pressure, as manufacturers struggled to balance supply with limited consumption. Additionally, cautious buying behavior and reduced trading activity, influenced by seasonal slowdowns, further contributed to the bearish market trend. The Formic Acid Price Graph reflected these unfavorable conditions, highlighting the persistent pricing challenges across the Latin American market.

Regional Analysis:  The price analysis can be extended to provide detailed formic acid price information for the following list of countries.

Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru, among other Latin American countries.

Factors Affecting Formic Acid Prices and Demand:

Several factors influence formic acid prices and demand, including raw material availability, industrial consumption trends, and global economic conditions. The primary feedstock, methanol, plays a crucial role in pricing fluctuations, as any changes in methanol supply or cost directly impact production expenses. Additionally, demand from key sectors such as textiles, leather tanning, agriculture, and adhesives significantly affects market trends. Seasonal variations and economic downturns can lead to lower industrial activity, reducing consumption and pressuring prices downward. On the supply side, overstocking or production surpluses can create bearish market conditions, while supply chain disruptions may cause price spikes. Regulatory policies, environmental concerns, and shifting trade dynamics also contribute to formic acid market volatility.

Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
  • Spot Prices by Major Ports
  • Price Breakup
  • Price Trends by Region
  • Factors Influencing Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Formic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition,” presents a detailed analysis of Formic Acid price trend, offering key insights into global Formic Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Formic Acid demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis and regional insights covering Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

Contact us:
IMARC Group
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