Biotin prices in Germany have shown an upward trend in the initial weeks of January xxxx, driven by steady demand from end-user industries such as pharmaceuticals, nutraceuticals, and animal feed.
Key Takeaways:
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Reduced production and shipping activity in China, a key exporter of Biotin, are limiting Biotin supply.
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Significant delays at major European ports (Antwerp, Hamburg, etc.) are causing further bottlenecks.
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The weakening of the euro against the US dollar is raising the cost of importing Biotin.
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Biotin prices are expected to remain high throughout January due to ongoing supply chain challenges and increased demand.
Germany, which relies exclusively on Biotin imports from China, faces additional challenges due to ongoing supply chain disruptions. This year, Lunar New Year (LNY) preparations in China began earlier than usual, with factories reducing output and shipping activities slowing down ahead of the holiday. As a result, the supply of Biotin...
