The latest report by IMARC, titled "Polycarbonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Polycarbonate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polycarbonate Prices December 2023:
- Mexico: 2749 USD/MT
- Germany: 2922 USD/MT
- Japan: 2342 USD/MT
- Saudi Arabia: 2071 USD/MT
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The study delves into the factors affecting Polycarbonate 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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Polycarbonate Price Trend- Q4 2023
The polycarbonate market has been predominantly influenced by the interplay of oversupply and weak demand across various regions. This imbalance is primarily due to the cautious procurement strategies adopted by key downstream industries, notably automotive and construction, which are currently opting only for essential purchases. The surplus in the market, particularly evident in the fourth quarter of 2023, has led to promotional sales and destocking activities, especially as companies prepare for the year-end. This scenario is coupled with the impact of economic factors such as currency fluctuations, which have had a stabilizing effect in specific markets like Mexico. However, the overarching theme remains the bearish market trend, driven by an abundance of material and the hesitancy of merchants to engage in new procurements under the prevailing uncertain economic conditions.
The global polycarbonate market size reached US$ 10.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 17 Billion, at a projected CAGR of 5.10% during 2023-2032. In the last quarter of 2023, the Polycarbonate market globally was marked by a downtrend, reflecting the broader economic uncertainties impacting demand. In North America, particularly in Mexico, prices stabilized despite an overall bearish trend, influenced by the local currency's appreciation and consistent supply. The scenario in Europe was more pronounced, with a significant price reduction driven by weak demand from crucial sectors, compounded by geopolitical uncertainties and economic policies affecting market confidence. The European market, especially Germany, saw a considerable decline in prices, underscored by a bearish sentiment fueled by customer reluctance and the impact of high-interest rates.
On the other hand, in the APAC region, the market dynamics were shaped by a surplus supply and diminishing demand as companies neared the fiscal year-end, leading to price reductions and a bearish market outlook. Japan, for instance, displayed notable price adjustments in response to the market's oversupply and the cautious approach of businesses toward inventory management. This trend was mirrored in the MEA region, where an abundant supply paired with subdued demand led to downward price adjustments, with countries like Saudi Arabia experiencing significant price drops. Additionally, external factors such as currency fluctuations and geopolitical developments have played crucial roles in shaping the market, either providing temporary stability or exacerbating the bearish trend.
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Key Points Covered in the Polycarbonate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Polycarbonate Prices
- Polycarbonate Price Trend
- Polycarbonate Demand & Supply
- Polycarbonate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Polycarbonate Price Analysis
- Polycarbonate Industry Drivers, Restraints, and Opportunities
- Polycarbonate 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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