For the Quarter Ending June 2023

North America:

In the second quarter of 2023, the Melatonin market in North America witnessed a significant price decline. Prices for FOB New York plummeted from $132,200 per metric tonne to $115,000 per metric tonne between April and June, marking a 13% decrease over the quarter. The primary driver behind this substantial price drop was the sharp decrease in Melatonin demand from downstream industries in the US, primarily due to regional suppliers' overstocking. Despite divergent opinions on the price of Nutraceuticals and APIs, North America's nutraceutical sector exhibited a fragmented market activity pattern. During this period, the nation experienced a temporary dip in its inflation rate, attributed by economists and industry experts to reduced supply chain pressures, though it was seen as a transient blip. However, the persistently high labor costs raised concerns about sustained inflation, potentially prompting the Federal Reserve to consider raising interest rates in July. Uncertainty about the US economy's performance led market participants in the food and dietary supplement sectors to adopt a cautious approach.

Asia Pacific:

In the second quarter of 2023, the Melatonin market in the Asia-Pacific region followed a downward pricing trend, particularly in China, where prices dropped from $100,830 per tonne to $90,200 per tonne FOB Shanghai between April and June. The prolonged price decline stemmed from diminishing demand for Melatonin in both the international and domestic pharmaceutical and nutraceutical sectors. Chinese Melatonin producers had to reduce their profit margins in response to decreased demand and consumer inquiries. Data indicated that China's manufacturing activity experienced a third consecutive monthly decline in June, albeit at a slower rate. These findings emerged as the government faced mounting pressure to increase stimulus spending to support an economy that was stabilizing after a robust post-COVID rebound in Q1 2023. The June PMI report highlighted various imbalances and challenges, including ongoing drops in both domestic and foreign demand, a decline in 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 European Melatonin market displayed a competitive landscape in the second quarter of 2023, marked by price negotiations in the German market. Reduced downstream demand and ample supplies were the primary factors contributing to the decline in Melatonin prices in Germany's local market. Meanwhile, energy gas prices in Europe reached their lowest levels since the onset of the crisis in April, fueling expectations of a stronger economic recovery and benefiting trade with Asia. However, an unexpected rise in unemployment in Germany in June significantly dampened market sentiment. Retailers, in anticipation of potential shortages, stockpiled Melatonin and other nutraceutical products in warehouses, later reducing their pricing margins to clear their inventories. While Germany's Melatonin industry remained relatively unaffected, the country's inflation rate rose by 6.4% in June, raising concerns among market participants. As with the rest of the world, uncertainty about the country's economic outlook left market participants feeling cautious and unfavorable.


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