Price Forecast Report
Price Forecast Report
Price forecasts for nucleotides are largely moderate for the year 2024. Currently, the markets, particularly in China, are witnessing a slightly balanced supply and demand dynamic for nucleotides; however, since the food and pharma markets are predicted to grow as time progresses in the coming months, the nucleotide markets will also correct in the near future. Pricing outlooks remain subject to the evolving geopolitical scenarios impacting the trade dependencies and connections. However, an optimistic trend is anticipated in the long term for the nucleotides going forward in 2024.
The market dynamics for nucleotides have been a little sluggish in recent times. Prices have been a little dwindling in recent months primarily because of the decline in feedstock costs and many industrial holidays around the New Year times. Concurrently, in the second quarter of the year as well, corn prices continue to decline, notably in the major producing countries like China because of overproduction. The Chinese markets also noted a decline in food expenditures, which further limited the pricing range for nucleotides. Overall, a dull market performance has been observed for nucleotides so far in the Chinese markets. The market situation, however, is steadily looking to be improving. Food price inflation remains high which is driving the upstream costs higher. As per the World Bank, the agriculture and cereal price indices closed 1 percent higher, and the export price index closed 3 percent higher in the middle of Q2'24. The impact can already be felt on the nucleotide prices. The upsurge in the pharma industry, another key consumer of nucleotides, is also proving to be an anchor for nucleotide market dynamics.
The annual outlook for nucleotide prices looks really skewed for the year 2024. There are several factors playing in determining the price scenarios for global nucleotide markets. An increased yield and production volumes of base staple crops like wheat and maize are predicting supply sufficiency globally. However, the supply chain curtailments and complicated geopolitical situations are creating hurdles for trade and procurement. Rising crude oil and energy costs are also common drivers for the manufacturing processes. In March '24, global food prices went up for the first time since July, driven by higher cooking oil prices, even as grain prices continued to decrease, according to the UN's Food and Agriculture Organization. On the other hand, the global pharma industry continues to face economic pressures, increased competition, and a tightening regulatory environment. These situations are making pricing projections for nucleotides complicated. Thereby the price patterns are suggesting asymmetry for the most part. With the current sluggishness in prices, the manufacturers are bound to rethink production to control the markets from the supply side; thereby, a supply crunch is anticipated in the global markets in the latter phase of the year. This is expected to drive the nucleotide prices upwards for the remainder of 2024. However, some occasional dips are anticipated.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1. Executive Summary
2. Introduction
2.1 Overview
2.2 Forecasting Methodology
2.3 Key Industry Trends
3. Historical Price Data and Analysis
3.1 Price Trends Over the Past 3 Years
3.2 Key Influencing Factors
3.3 Visualizations and Trend Analysis
4. Supply and Demand Analysis
4.1 Historical Supply Dynamics (2021-2023)
4.2 Historical Demand Dynamics (2021-2023)
4.3 Future Supply and Demand Projections (2024-2025)
4.4 Feedstock Market Insights (2021-2023)
7. Latest Industry News
7.1 Recent Developments
7.2 Geopolitical Events
7.3 Insights From Government Data And Industry Bodies
8. Key Macroeconomic Indicators
8.1 GDP Growth
8.2 Inflation Rates
8.3 Currency Exchange Rates
8.4 Impact on Commodity Prices
9. Price Outlook
9.1 Long-Term Price Forecast (Next 2 Years)
9.2 Scenario Analysis
9.3 Potential Price Fluctuations
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