The prices of Carnitine in the Global Market

North America

North American region, primarily the United States market, the Carnitine Prices plummeted during the final Quarter of 2022. With the start of the fourth quarter er, the prices increased considerably. The prices witnessed an increment during the first half of the fourth quarter due to rising inflation, numerous logistic issues, and higher manufacturing cost in the export country. Additionally, prices began to drop progressively in the middle 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 in the month of December.

Asia Pacific

The prices of Carnitine in the Asia Pacific region, majorly in China, demonstrated decelerating market situation throughout the fourth quarter of 2022. From October, the prices for Carnitine 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 Carnitine 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. Towards the end of Q4 2022, the price of Carnitine was recorded at USD 34750/MT.

Europe                                                                                                                                                       

Prices for Carnitine 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 Carnitine 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 Carnitine'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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