Paraffin Price Trend, Index, Historical Price Chart and Forecast
This report includes comprehensive paraffin price trend, which trace historical data and highlights major shifts in the market.
North America Paraffin Prices Movement:
Paraffin Prices in United States:
The paraffin price trend in the fourth quarter of 2023 indicated that prices in the United States reached 1,377 USD per metric ton by December. The rise was primarily due to increased energy costs and steady industrial demand. Key sectors like packaging, candles, and cosmetics influenced the price movement. Supply chain challenges and seasonal consumption trends also played a role in maintaining elevated pricing levels.
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Note: The analysis can be tailored to align with the customer's specific needs.
APAC Paraffin Prices Movement:
Paraffin Prices in China:
During Q4 2023, paraffin prices in China dropped to 778 USD/MT in December. This lower price level was attributed to stable domestic production, moderate demand, and abundant raw material availability. However, slower export activity and economic uncertainties limited further growth. China's local consumption trends and competitive manufacturing environment helped maintain cost-effective supply for regional markets.
Regional Analysis: The price analysis can be extended to provide detailed Paraffin 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.
Europe Paraffin Prices Movement:
Paraffin Prices in Germany:
Germany experienced higher paraffin prices, reaching 1,616 USD/MT in December 2023. The increase stemmed from rising energy prices, strong demand from industrial users, and import dependency. As a major European consumer, Germany’s prices were also affected by transportation expenses and environmental regulations. These factors collectively contributed to elevated pricing and regional supply volatility.
Regional Analysis: The price analysis can be expanded to include detailed Paraffin price data for a wide range of European countries, such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.
Factors Affecting Paraffin Supply and Prices
Paraffin prices are driven by factors such as crude oil availability, refinery output, and overall production expenses. Market demand from sectors like cosmetics, packaging, and pharmaceuticals plays a major role, while logistics costs, geopolitical developments, environmental rules, and seasonal shifts contribute to fluctuations in supply chains and pricing volatility.
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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 the 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, “Paraffin Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data,” presents a detailed analysis of Paraffin price trend, offering key insights into global Paraffin 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 Paraffin 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 alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and 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.
IMARC Group provides professional chemical price analysis services to enable businesses to leverage their pricing and maximize profitability. Our thorough research examines market trends, competitor prices, customer willingness-to-pay, and costs, making data-driven decisions possible. By establishing pricing opportunities and cost-saving initiatives, we enable organizations to remain competitive and maximize market potential. Whether it's creating dynamic pricing strategies, performing cost benchmarking, or analysing pricing effects, our customized solutions enable companies to realize sustainable growth.
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