Hydroquinone Price In USA
- United States: 4520 USD/MT (Hydroquinone Photographic Grade)
The price of hydroquinone in the USA for Q4 2023 reached 4520 USD/MT (Hydroquinone Photographic Grade) in December.
The latest report by IMARC Group, titled "Hydroquinone Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Hydroquinone Price Trend. This report delves into the price of Hydroquinone globally, presenting a detailed analysis, along with an informative Hydroquinone price chart. Through comprehensive Hydroquinone price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Hydroquinone demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Hydroquinone Prices December 2023:
- United States: 4520 USD/MT (Hydroquinone Photographic Grade)
- China: 5860 USD/MT (Hydroquinone Photographic Grade)
- France: 6470 USD/MT (Hydroquinone Photographic Grade)
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The study delves into the factors affecting Hydroquinone 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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Hydroquinone Price Trend- Q4 2023
The hydroquinone market has been subject to fluctuating dynamics, notably observed in regions, such as North America, Asia Pacific, and Europe. In North America, the fourth quarter of 2023 witnessed a downward trend in hydroquinone pricing, primarily influenced by diminished demand domestically and internationally. This reduction derived from decreased inquiries from downstream industries and surplus inventory accumulation among suppliers. Additionally, lower prices of the raw material like phenol and challenges in inventory management contributed to this decline. In addition, insufficient cost support from upstream benzene and lower crude oil prices further supported the downward pressure on prices.
Hydroquinone Market Analysis
The global hydroquinone market size reached 81 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 117.3 Thousand Tons, at a projected CAGR of 4.20% during 2023-2032. Meanwhile, in the final quarter of 2023, the hydroquinone market in the Asia-Pacific region faced challenges leading to price fluctuations. Factors, such as am inactive Chinese economy, reduced demand from downstream industries, and an oversupply of hydroquinone in the local market contributed to a decrease in prices. Price fluctuation can be attributed to decreased demand from downstream industries, stable raw material costs, and destocking of existing inventories. The excess of hydroquinone prompted producers to take measures to clear inventory, resulting in downward price trends. The significant surge in hydroquinone production escalated market competition, forcing producers to struggle with reduced prices and seek innovative strategies. The simultaneous drop in raw material prices, specifically phenol, that added complexity to pricing dynamics.
Furthermore, in Europe, the hydroquinone market experienced challenges like diminished demand, cautious procurement practices, and economic deceleration across the globe. Reduced demand domestically and internationally, along with surplus inventory among suppliers, led to price fluctuations. Despite an increase in prices in December due to heightened demand, escalating freight costs worldwide played a crucial role in influencing market dynamics. Overall, these factors contributed to the fluctuation in hydroquinone prices in Europe during the last quarter of 2023. In general, the hydroquinone market has been characterized by downward price trends driven by factors like reduced demand, oversupply, and fluctuations in raw material prices, posing challenges for producers worldwide.
Key Points Covered in the Hydroquinone Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Hydroquinone Prices
- Hydroquinone Price Trend
- Hydroquinone Demand & Supply
- Hydroquinone Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Hydroquinone Price Analysis
- Hydroquinone Industry Drivers, Restraints, and Opportunities
- Hydroquinone 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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