Press release
Taurine Prices Decline Amid Reduced Demand and Ample Supply in Q2 2024
๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ ๐ง๐ฎ๐๐ฟ๐ถ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐ ๐ค๐ฎ:๐ง๐ฎ๐๐ฟ๐ถ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ถ๐ป ๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐:
In Q2 2024, taurine prices in the United States decreased significantly, reaching 2280 USD/MT by June. The decline was primarily driven by reduced demand across industries and an oversupply in the market. Economic pressures, including the high interest rates set by the Federal Reserve, weakened consumer purchasing power, further suppressing demand. Additionally, the contracting production sector led to excess taurine in the market. The anticipation of increased bulk shipments for the holiday season also contributed to price reductions. By the end of Q2, the market was characterized by a pessimistic outlook and pricing pressures due to the supply-demand imbalance.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ ๐๐ฒ๐ ๐๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/taurine-pricing-report/requestsample
๐๐ฃ๐๐ ๐ง๐ฎ๐๐ฟ๐ถ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐ ๐ค๐ฎ:
๐ง๐ฎ๐๐ฟ๐ถ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ถ๐ป ๐๐ต๐ถ๐ป๐ฎ:
In Q2 2024, taurine prices in China fell significantly, influenced by a combination of oversupply, economic factors, and trade barriers. A slowdown in factory activity led to reduced orders and excess supply in the market, putting downward pressure on prices. Additionally, the appreciation of the yuan against the dollar resulted in fewer international orders, further contributing to the price drop. Trade obstacles, including tariffs and other restrictions, added strain to exports, limiting global demand. As a result, taurine prices continued to decline throughout the quarter, reflecting the negative impact of these economic and trade-related challenges.
๐๐ผ๐ ๐๐ ๐๐ฅ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด ๐๐ฎ๐๐ฎ๐ฏ๐ฎ๐๐ฒ ๐๐ฎ๐ป ๐๐ฒ๐น๐ฝ
The latest IMARC Group study, "๐ง๐ฎ๐๐ฟ๐ถ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐, ๐ง๐ฟ๐ฒ๐ป๐ฑ, ๐๐ต๐ฎ๐ฟ๐, ๐๐ฒ๐บ๐ฎ๐ป๐ฑ, ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐, ๐ก๐ฒ๐๐, ๐๐ถ๐๐๐ผ๐ฟ๐ถ๐ฐ๐ฎ๐น ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐๐ฎ๐๐ฎ ๐ฎ๐ฌ๐ฎ๐ฐ ๐๐ฑ๐ถ๐๐ถ๐ผ๐ป," presents a detailed analysis of Taurine price trend, offering key insights into global Taurine 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 Taurine demand, illustrating how consumer behavior 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.
๐ฆ๐ฝ๐ฒ๐ฎ๐ธ ๐๐ผ ๐๐ป ๐๐ป๐ฎ๐น๐๐๐: https://www.imarcgroup.com/request?type=report&id=22676&flag=C
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐:
IMARC Group
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๐๐บ๐ฎ๐ถ๐น: sales@imarcgroup.com
๐ง๐ฒ๐น ๐ก๐ผ: (D) +91 120 433 0800
๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐: +1-631-791-1145
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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