ChemAnalyst Market Research Report

North America The fourth quarter of 2023 witnessed noteworthy developments in the North American Agar-Agar market, particularly in the United States. Initially, prices saw a significant increase from October to November, driven by heightened consumer spending, signs of easing inflation, and more affordable gas prices, sustaining an overall surge in demand. However, a decline occurred in December, attributed to reduced demand from downstream industries and an ample supply in the market. In the US market specifically, there was heightened consumer confidence and sustained high demand due to decreased inflationary pressures, resulting in increased consumer spending. The depreciation of the US dollar against foreign currencies, particularly the Chinese yuan, led to more expensive imports and restricted supply in the domestic market. These factors, coupled with heightened demand during the holiday season, contributed to elevated Agar-Agar prices in the US. Nevertheless, prices declined towa...

  North America The fourth quarter of 2023 witnessed noteworthy developments in the North American Agar-Agar market, particularly in the United States. Initially, prices saw a significant increase from October to November, driven by heightened consumer spending, signs of easing inflation, and more affordable gas prices, sustaining an overall surge in demand. However, a decline occurred in December, attributed to reduced demand from downstream industries and an ample supply in the market. In the US market specifically, there was heightened consumer confidence and sustained high demand due to decreased inflationary pressures, resulting in increased consumer spending. The depreciation of the US dollar against foreign currencies, particularly the Chinese yuan, led to more expensive imports and restricted supply in the domestic market. These factors, coupled with heightened demand during the holiday season, contributed to elevated Agar-Agar prices in the US. Nevertheless, prices decline...