Taurine Prices Trend and Forecast

North America

North American region, primarily the United States market, the Taurine Prices plummeted during the final Quarter of 2022. With the start of the fourth quarter, the prices decreased considerably. The prices began to progressively drop from the start of the fourth quarter because fewer inquiries kept the stocks at their highest levels later in December. Also, with ease in inflation and other logistics, the prices decreased throughout Q4 2022. Additionally, fewer inquiries kept the stocks at their highest levels later in Q4 2022. Toward the end of Q4 2022, the price of Taurine was recorded at USD 3510/MT.

Asia Pacific

The prices of Taurine in the Asia Pacific region, majorly in China, demonstrated decelerating market situation throughout the fourth quarter of 2022. From October, the prices of Taurine declined considerably. Following November, the official manufacturing purchasing managers index (PMI) fell to 48.0 in November, slipping well below last month's reading of 49.2 along with reducing inquiries kept the prices of Taurine on the lower side. Also, lowering end-user sector demand and enough inventories among the market players further supported the market trajectory in the APAC region. Ease in strict zero covid policies also kept the market situation feeble towards the end of Q4 2022. Toward the end of Q4 2022, the price of Taurine was recorded at USD 2950/MT.

Europe                                                                                                                                          

Prices for Taurine in the European region showed a see-saw tendency in the fourth quarter of 2022. In the first two months of Q4, the demand for Taurine in the downstream pharmaceutical industry was seen to be steady. The supply chain was impacted by the continuous port congestion and supply disruption in the European region, which forced an increase in pricing. High freight costs were another factor in Taurine's upward trend. Due to the impending holiday season, European retailers have decided to refill their stocks in large quantities. However, prices declined due to existing stocks and declining end-user sector demand in December.

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