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Succinic Acid Prices Fell in Turkey Amid Sluggish Demand for Cosmetic Products

Succinic Acid Prices Fell in Turkey Amid Sluggish Demand for Cosmetic Products

Harold Finch 06-Nov-2024

At the beginning of the xxxx final quarter, the Succinic Acid market showcased bearish sentiments in October xxxx. The market players negatively revised their quotations to improve offtakes amid increased inventory levels in the market. Succinic Acid demand was moderately low by the beauty and personal care product manufacturers. The global economic slowdown in xxxx and xxxx has constrained Turkey&#xx;s cosmetics exports, but there are positive expectations for growth in xxxx as interest rates decline. The return of global tourism to pre-pandemic levels is projected to further increase demand for beauty products. Despite challenges from high inflation and reduced purchasing power, domestic cosmetics expenditures rose by xx in real terms in the first eight months of xxxx, while imports grew by xxx in the first half of the year. Production in the cosmetics sector increased by x.xx during the first seven months of xxxx. With over xxx export...

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