For the Quarter Ending September 2025
North America
鈥� In the United States, the Sodium Benzoate Exp Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs and tightening feedstock supply.
鈥� Sodium Benzoate production costs increased in Q3 2025, influenced by a 2.6% PPI rise in August and 3.0% CPI increase in September.
鈥� Toluene feedstock supply tightened in Q3 2025 due to constrained refinery output, impacting Sodium Benzoate production.
鈥� Demand for Sodium Benzoate in food and beverage strengthened in Q3 2025, supported by a 5.42% retail sales increase in September 2025.
鈥� Pharmaceutical sector demand for Sodium Benzoate experienced a resurgence in Q3 2025, driven by increased regulatory approvals.
鈥� Overall chemical demand from major customer markets weakened in Q3 2025, despite a 0.1% industrial production increase in September 2025.
鈥� A low unemployment rate of 4.3% in September 2025 supported consumer spending; however, confidence declined to 94.2.
鈥� Chemical industry inventories shrank in Q3 2025 as companies accelerated destocking. US chemical exports decreased in July 2025.
Why did the price of Sodium Benzoate Exp change in September 2025 in North America?
鈥� Production costs for Sodium Benzoate rose from tightening toluene feedstock and bolstered aromatics values.
鈥� Consumer spending, supported by 5.42% retail sales growth, boosted demand for Sodium Benzoate end products.
鈥� Overall chemical demand weakened, and US chemical exports decreased, impacting market balance.
APAC
鈥� In China, the Sodium Benzoate Exp Price Index rose quarter-over-quarter in Q3 2025, driven by rising raw material costs and tight inventories.
鈥� Production costs for Sodium Benzoate Exp increased in August 2025 due to rising raw material expenses, despite ample toluene supply.
鈥� Global Sodium Benzoate Exp demand surged in August 2025, supported by 6.5% industrial production year-on-year.
鈥� Domestic consumption remained soft in Q3 2025, influenced by -0.3% CPI and 89.6 consumer confidence in September 2025.
鈥� The Manufacturing Index contracted in September 2025, yet retail sales grew 3.0% year-on-year.
鈥� A stable 5.2% unemployment rate in September 2025 underpinned consumer purchasing power, despite a -2.3% PPI.
鈥� Industry inventories of Sodium Benzoate Exp tightened significantly in China through July and August 2025.
鈥� China's overall export volumes rose in Q3 2025, but Sodium Benzoate Exp faced shipment backlogs.
鈥� Sodium Benzoate Exp prices are expected to remain firm due to tight inventories and strong global demand.
Why did the price of Sodium Benzoate Exp change in September 2025 in APAC?
鈥� Tightened inventories in China through July-August 2025 created critical supply shortages.
鈥� Rising raw material costs, despite ample toluene supply, increased production expenses.
鈥� Surging global demand and domestic absorption led to export shipment backlogs.
Europe
鈥� In Germany, the Sodium Benzoate Exp Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting industrial activity.
鈥� Sodium Benzoate Exp production costs faced downward pressure from Toluene and Benzoic acid feedstock declines in Q3 2025.
鈥� Elevated electricity prices in Germany and tight natural gas market fundamentals increased energy costs in Q3 2025.
鈥� Sodium Benzoate Exp demand outlook weakened as industrial production declined 1.0% year-on-year in September 2025.
鈥� Consumer confidence remained significantly negative at -23.6 in September 2025, impacting end-use applications.
鈥� German chemical exports weakened in Q3 2025, with sales outside Europe falling significantly.
鈥� The Manufacturing Index showed a contracting trend in September 2025, reflecting reduced industrial sentiment.
鈥� Deflationary producer prices, with PPI at -1.7% year-on-year in September 2025, lowered production costs.
Why did the price of Sodium Benzoate Exp change in September 2025 in Europe?
鈥� Weakening overall chemical industry demand in Germany reduced purchasing interest for Sodium Benzoate Exp.
鈥� Declining Toluene and Benzoic acid feedstock costs exerted downward pressure on production expenses.
鈥� Contracting industrial production and negative consumer confidence dampened end-use product demand.
For the Quarter Ending March 2025
North America
The North American Sodium Benzoate market in Q1 2025 is characterized by a cautious recovery in demand following a period of inventory depletion and subdued purchasing activity. Key downstream sectors such as pharmaceuticals and food and beverages are gradually regaining momentum, supporting moderate upward pricing pressure. Supply chains remain efficient with stable production rates, preventing oversupply while enabling incremental price adjustments.
Market participants are strategically replenishing stocks amid expectations of tightening supply conditions due to seasonal shutdowns and geopolitical uncertainties, fostering a balanced supply-demand dynamic as the quarter progresses.
In the USA, Sodium Benzoate prices declined by 1.43% from Q4 2024 to Q1 2025, averaging $1283.33 USD/MT during the current quarter. Monthly prices exhibited a relatively flat trend, reflecting stable supply and demand conditions. Price movements were influenced by moderate buying activity aimed at inventory replenishment, steady downstream demand, and suppliers adjusting offers to restore margins. The overall market sentiment is stable with a cautiously bullish near-term outlook, anticipating gradual price increases driven by recovering demand and potential supply constraints.
Asia Pacific
The APAC sodium benzoate market in Q1 2025 is characterized by a balanced interplay of supply and demand, underpinned by steady downstream consumption in food, beverage, and pharmaceutical sectors. Market sentiment remains cautiously optimistic, supported by stable inventories and strategic restocking activities. While some regions anticipate tightening supply due to production adjustments and seasonal factors, overall trading conditions reflect measured growth with incremental price increases expected as the quarter progresses.
In China, sodium benzoate prices increased by 1.07% from Q4 2024 to Q1 2025, with the current quarter average at approximately USD 1098.33/MT. Monthly data reveal a bullish intra-quarter trend driven by robust demand recovery post-Lunar New Year, rising export orders, and sustained production efforts to replenish inventories. Despite some downstream demand softness, the market outlook remains cautiously bullish, supported by stable production rates and efficient supply chains.
Europe
The European Sodium Benzoate market in Q1 2025 is characterized by a cautiously optimistic outlook, driven by recovering demand from downstream sectors such as pharmaceuticals and food and beverage. Supply constraints persist due to earlier production cuts and liquidations, tightening inventories and supporting upward price momentum. Seasonal production upticks and potential increases in feedstock costs further bolster the market, while logistical challenges and strong international demand contribute to sustained supply pressures. However, intermittent oversupply from imports and surplus stocks temper the overall bullish sentiment, creating a nuanced balance as the quarter progresses.
In Germany, Sodium Benzoate prices increased by 0.85% from Q4 2024 to Q1 2025, averaging $1185.0 USD/MT. Monthly data reveal a rising intra-quarter trend, reflecting tightening supply amid robust demand from key industries and constrained inventories following earlier production adjustments. Price gains are underpinned by increased feedstock costs and freight expenses, with expectations for continued moderate upward movement. The market remains fundamentally bullish, supported by replenishment activities and strong international demand, although potential oversupply risks warrant close monitoring.
For the Quarter Ending December 2024
North America
The fourth quarter of 2024 saw the U.S. Sodium Benzoate market experiencing significant bearish trends, characterized by persistent demand weakness and continued manufacturing contraction across end-user sectors. Despite modest improvements from previous quarters, market sentiment remained cautious, particularly in light of impending weather challenges and pre-election uncertainties that affected trade dynamics with major producing countries, notably China.
A notable supply-demand imbalance emerged as suppliers faced substantial inventory buildup while key downstream sectors - including food preservatives, pharmaceuticals, and healthcare - demonstrated reduced consumption patterns. The market faced intensified competition from Chinese imports, leading to downward pressure on domestic prices, especially as the holiday season approached with diminished production activity.
Buyer behavior reflected market uncertainty, with procurement activities remaining conservative as stakeholders adopted a cautious stance regarding potential policy shifts. Although employment indicators showed slight improvement toward year-end, both production and demand fell short of anticipated targets. These factors collectively contributed to conservative trading patterns and a generally pessimistic outlook for the remainder of the fiscal period with prices settled at USD 1450/MT USP CFR New York at the end of December 2024.
Asia Pacific
In the fourth quarter of 2024, the Sodium Benzoate export market across the APAC region, particularly in China, encountered challenges rooted in evolving supply-demand dynamics. The market witnessed an overall downward trend with the supply side outpacing the overall demand side and producers engaged in aggressive inventory reduction measures and benefited from decreased logistics costs. Market complexities increased due to expanded domestic production capacity in the past months, which had been scaled up in anticipation of higher winter seasonal demand. However, demand recovery remained sluggish despite government-led economic stimulus measures, reflecting limited improvement in buyer sentiment. Export performance weakened in November, mirroring global trade challenges and declining import activities. Additionally, high inventory levels exacerbated the supply-demand imbalance, further pressuring the market. Geopolitical uncertainties, including potential tariffs and currency fluctuations, heightened instability. In response, Chinese suppliers adopted aggressive pricing strategies to remain competitive, particularly as the year-end approached, underscoring the challenges facing the Sodium Benzoate market in maintaining balance amid these multifaceted pressures. As a result, with the quarter ending in December 2024, the overall export prices were settled at USD 1270/MT USP FOB Shanghai.聽
Europe
Following a similar market trend as that of other importing nations, during the entire聽 Q4 of 2024, Germany's Sodium Benzoate export market experienced sustained price declines, primarily driven by weak downstream demand and an unfavorable cost environment. The preservative sector, a key consumer, exhibited muted procurement activity as buyers prioritized essential purchases and maintained minimal inventories. The euro's depreciation further compounded challenges, raising the cost of imports and dampening new orders, which reinforced bearish market sentiment. However, the manufacturing sector showed modest signs of recovery, with the Manufacturing PMI increasing from 40.6 in September to 43 in October, signaling a less severe contraction. Despite this, the global competition intensified as APAC exporters benefited from lower feedstock costs, including declining benzoic acid prices, exerting downward pressure on the overall production of Sodium benzoate exp in key producing regions which has a direct impact on Germany's import prices. As a result, persistent high inventory levels, combined with restrained purchasing activity, led to oversupply, prompting suppliers to adopt aggressive pricing strategies to clear stock. Lastly, despite seasonal disruptions such as port delays and labor shortages, the muted demand largely mitigated their impact. By December, the market was firmly in buyers' favor, with suppliers relying on price reductions and flexible strategies to manage oversupply the overall import prices for Sodium benzoate exp. were settled at USD 1390/MT USP CFR Hamburg.
For the Quarter Ending September 2024
North America
The North American Sodium Benzoate market saw a marked downturn in pricing during Q3 2024, with particular volatility observed in the US market. Market prices demonstrated a sharp decline, falling from $1,900/MT in July to $1,550/MT CFR New York by September 2024. This represented a substantial quarterly decline of 16%, with an even more pronounced 18% price differential between the first and second halves of the quarter.
Multiple factors drove this market deterioration. On the supply side, the market faced persistent oversupply conditions, while demand remained subdued across key application sectors, particularly in pharmaceuticals and preservatives. Buyers adopted a cautious stance, leading to reduced purchasing activity throughout the quarter. The market's challenges were compounded by broader industry headwinds, including operational disruptions at manufacturing facilities and ongoing logistical constraints. These operational hurdles, combined with uncertain global economic conditions, created additional pressure on market dynamics.
The overall pricing environment showed significant weakness compared to the same period in the previous year, with market sentiment remaining decidedly bearish throughout the quarter. This downward trajectory reflected the broader challenges facing the industry and the persistent imbalance between supply and demand fundamentals.
APAC
Sodium Benzoate Exp pricing in the APAC Region for Q3 2024 witnessed a significant decline, influenced by various key factors. The quarter was characterized by a challenging market environment, marked by oversupply conditions and weakened demand dynamics. Factors such as subdued purchasing sentiment, shifting consumer preferences, and global economic uncertainties contributed to the downward pressure on prices. In China, the largest market player, the pricing landscape experienced the most substantial fluctuations. The quarter reflected a notable -19% decrease from the previous quarter, with a significant -20% drop between the first and second half. This trend underscored the overall negative sentiment in the market, with pricing remaining on a steady decline trajectory. The latest quarter-ending price of USD 1325/MT of Sodium Benzoate USP FOB Shanghai in China encapsulated the prevailing downward trend, reflecting the challenging pricing environment across the APAC Region during Q3 2024. Moreover, plant shutdowns and disruptions further exacerbated the pricing challenges faced by market participants during this period.聽
Europe
The third quarter of 2024 witnessed a notable decline in Sodium Benzoate Excipient pricing across the European region, with Germany experiencing the most significant price changes. This downward trend was primarily influenced by multiple factors such as oversupply challenges, import costs, weakening demand from key sectors like food preservatives and pharmaceuticals, and a decrease in production costs driven by lower energy expenses and raw material prices. The market dynamics were also impacted by disruptions and plant shutdowns in key producing regions, further exacerbating the oversupply situation. The correlation in price changes between the first and second half of the quarter indicated a substantial decrease of 21%, reflecting the persistent bearish sentiment in the market. The quarter-ending price of USD 1450/MT of Sodium Benzoate USP CFR Hamburg in Germany underscored the overall negative pricing environment, highlighting the ongoing pressure on import prices and the challenging market conditions faced by suppliers and producers.
