North America
In the first half of Q4 of 2022, Vitamin B4 Prices in the North American region increased to USD 1400/MT, while market sentiment remained generally optimistic. As October drew near, vitamin B4 stocks were getting extremely low in the local market due to a restricted import from the Asian market. Market sources claim that strong market dynamics enhanced demand for the product from the downstream food and pharmaceutical industries. However, at the end of the quarter, vitamin B4 prices had fallen to USD 1385/MT, down 1.1% from December as a result of a drop in consumer orders well before the end of the year.

Asia- Pacific
The Vitamin B4 market in the Asia-Pacific region had a strong start to the fourth quarter of 2022. A price increase of up to 3.4% was seen in October, supported by a lack of supplies over the Golden Week vacation. However, prices started to decline consistently as the quarter proceeded. The fluctuating trend of Vitamin B4 was observed due to variations in its production cost and raw material prices. However, because there was a wait-and-see attitude among market participants, producers reduced their price quotations to about 3.3% in the second half of Q4 in an effort to increase orders. The sharp fall in demand from the end-user pharmaceutical and food sectors as a result of the surge in Covid-19 instances and the implementation of limitations in the country also hindered the product's growth. Hence, Vitamin B4 prices in China were evaluated at USD 1025/MT in December.

Europe
In contrast to North America and Asia-Pacific, Vitamin B4 prices stayed consistent towards the lower end at the start of Q4 before beginning to rise in November. Inventory levels of vitamin B4 were rapidly running out as November drew near because of a breakdown in the supply chain. As a result, the demand for Vitamin B2 Prices from the downstream pharmaceutical and food sector increased in the European region, keeping the prices high. With waning consumer demand by the end of the quarter, domestic retailers began destocking their existing stocks at reduced prices. In Germany, Vitamin B4 prices, therefore, decreased from USD 1890/MT in November to USD 1800/MT in December.

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