Global Sodium Citrate Dihydrate Market Shows Pessimistic Outlook in April 2023

Sodium Citrate Dihydrate prices commenced the first half of the second quarter on a flimsier side as inquiries across the global market, majorly in Germany and the United States, demonstrate a poor trend. A significant fluctuation in upstream prices prompted the overall market situation of Sodium Citrate Dihydrate worldwide.

The waning price trend for Sodium Citrate Dihydrate was indicated in the United States on account of weaker customer interest coupled with lessened upstream cost. The country followed the market trend of the major manufacturer and exporter of Sodium Citrate Dihydrate for this Pharmaceutical Excipient, namely China. China's manufacturers have reduced their prices for domestic and foreign regions due to a sudden decline in inquiries from importing countries. Furthermore, as per the previous month's positive trend, suppliers and retailers stocked up their shelves concerning the surge in demand but did not witness enough inquiries from the downstream sectors. Because of this, to avoid their losses, they concentrate on destocking their stock levels of downstream Sodium Citrate Dihydrate.

Like the United States, Europe has seen a decline in Sodium Citrate Dihydrate prices since the first quarter due to a sustained upward trend. Weaker input costs from factories upstream were blamed for the decrease in prices. The decline in inquiries encouraged market participants to reduce stock levels within their domestic market. The European market was under pressure from low demand for Sodium Citrate Dihydrate as a result of supply uncertainty that had an impact on the global pharmaceutical industries. As a result, customer requests for the product significantly decreased, forcing traders and local suppliers to sell off their remaining supplies of Sodium Citrate Dihydrate.

According to ChemAnalyst, "Sodium Citrate Dihydrate demand is anticipated to stay on the lower side in the United States and Germany regions. The consistent drop in orders from both the international and domestic market is expected to considerably support the overall market trend."