For the Quarter Ending September 2025
North America
• In USA, the Calcium Propionate Price Index fell by 3.16% quarter-over-quarter, driven by import costs.
• The average Calcium Propionate price for the quarter was approximately USD 1163.33/MT, reflecting moderate restocking.
• Calcium Propionate Spot Price posted modest weekly gains as bakery demand firmed and imports tightened.
• Calcium Propionate Price Forecast points to modest upside into late-Q3 as restocking supports supplier quotations.
• Calcium Propionate Production Cost Trend remained steady with stable feedstock prices and moderated freight volatility.
• Calcium Propionate Demand Outlook remains stable with bakery and food preservation demand offsetting inventory headwinds.
• Calcium Propionate Price Index volatility eased as Asian offers and U.S. inventory adjustments balanced market.
• Calcium Propionate export demand created sporadic uplifts while ample domestic stocks limited regional price gains.
Why did the price of Calcium Propionate change in September 2025 in North America?
• Higher Asian exporters raised offers and import costs rose, tightening import parity and supporting price pressure.
• High domestic inventories and lower freight rates eased urgency, reducing immediate purchases and capping rallies.
• Stable feedstock and moderated production costs contained margins, while bakery demand remained firm, limiting volatility.
APAC
• In China, the Calcium Propionate Price Index fell by 1.27% quarter-over-quarter, driven by feedstock cost declines.
• The average Calcium Propionate price for the quarter was approximately USD 1013.67/MT, indicating modest pressure.
• Calcium Propionate Spot Price strengthened after force majeure, allowing sellers to rebalance inventories and offers.
• Calcium Propionate Price Forecast signals upside into Q4, dependent on export recovery and domestic output.
• Calcium Propionate Production Cost Trend eased with propionic acid declines, then firmed as feedstock tightened.
• Calcium Propionate Demand Outlook steady from food, bakery and feed sectors, while export interest recovers.
• Calcium Propionate Price Index momentum reflected balanced inventories and smooth logistics, limiting sharper price swings.
• Elevated inventories and tepid export orders pressured margins, prompting discounts and strategic restocking by exporters.
Why did the price of Calcium Propionate change in September 2025 in APAC?
• Stable propionic acid prices and sustained domestic offtake supported marginal price increases in September 2025.
• Elevated inventory levels and subdued export orders exerted downward pressure on Chinese Calcium Propionate prices.
• Smooth logistics and steady plant operating rates limited volatility, constraining sharper price movements despite feedstock fluctuations.
Europe
• In Germany, the Calcium Propionate Price Index rose by 0.69% quarter-over-quarter, driven by tighter imports.
• The average Calcium Propionate price for the quarter was approximately USD 1125.33/MT during Q3 2025.
• Calcium Propionate Spot Price remained supported by steady bakery demand and occasional freight-driven cost volatility.
• Calcium Propionate Price Forecast indicates moderate upside into late Q4 as restocking influences regional offers.
• Calcium Propionate Production Cost Trend stable due to steady propionic acid availability and energy tariffs.
• Calcium Propionate Demand Outlook steady with consistent food preservation and industrial bakery offtake supporting consumption.
• Price Index movements reflected elevated inventories, prompting sellers to offer discounts despite improving export demand.
• Major producers operated normally; SKU changes and logistical hiccups influenced Calcium Propionate Spot Price availability.
Why did the price of Calcium Propionate change in September 2025 in Europe?
• Asia export offers rose after propionic acid price increases, raising landed costs for European importers.
• Freight rate fluctuations combined with elevated inventories prompted suppliers to adjust quotes and strategic restocking schedules.
• Stable bakery demand and efficient port logistics supported consumption, limiting sharper price corrections during September.
For the Quarter Ending June 2025
North America
• Price Index for Calcium Propionate in the USA declined marginally during July 2025 compared to June levels, reflecting soft market activity and weaker-than-expected consumption across food preservation industries.
• Spot Price in the domestic US market was assessed at USD 2160/MT FOB US Gulf during the latest week of July 2025, marking a slight drop of approximately 0.69% from the previous weekly average.
• The Price Forecast for August 2025 indicates continued stable-to-soft price movement, barring any unexpected disruptions in feedstock or logistics. Most market players anticipate minimal upward pressure due to sluggish Q3 demand.
• Production Cost Trend in July remained largely stable. Prices of key raw materials like propionic acid and calcium hydroxide held steady, while fuel and inland freight rates offered minor relief due to reduced trucking demand.
• The Demand Outlook across the US stayed tepid, particularly from bakery and processed food sectors, where seasonal consumption did not pick up as strongly as anticipated. This kept Calcium Propionate procurement levels flat throughout the month.
• Why did the price change in July 2025?
• The minor downward shift in prices was largely due to low procurement volumes, subdued restocking interest, and consistent output from major US producers. Buyers resisted accepting higher offers amid steady inventory and weak downstream demand.
• Inventory across the Midwest and Gulf regions remained ample. Warehouses and distributor channels reported sufficient stock levels, curbing the urgency for forward booking and contributing to overall balanced supply-demand dynamics.
• Global competitiveness for US-origin Calcium Propionate decreased slightly due to weak overseas inquiries from Asia and Latin America, while freight normalization helped avoid cost escalations.
• In contrast to Europe (Germany), where pricing was more stable and supported by currency-related import cost benefits, the US market exhibited clearer signs of demand-side weakness, putting light downward pressure on the Price Index.
• Spot Price activity is expected to stay soft in early August unless a notable shift occurs in bakery or food processing volumes. Contract discussions for Q4 are anticipated to begin cautiously under current pricing sentiment.
Europe
• Calcium Propionate CFR Hamburg (Germany) price averaged USD 1045/MT in June 2025, followed by a sharp increase in July, reflecting continued upward momentum seen in the final weeks of the previous month.
• The price trend in Germany during July was bullish, driven by strong Chinese export prices, which elevated import costs for European buyers. Suppliers in China raised their offers amid constrained supply and tight inventories, pushing global price levels upward.
• Freight rates from Asia to Europe rose further in July, contributing to increased landed costs for German importers and reinforcing the upward price index movement.
• Despite the depreciation of the U.S. dollar against the euro offering partial relief, the impact was insufficient to counter the combined effect of raw material cost escalation and elevated logistics charges.
• The spot price for Calcium Propionate in Germany rose sharply by 3.42% in the week ending 27th June, followed by another increase of 1.64% in the subsequent week, with the latest assessed price at USD 1088/MT (CFR Hamburg) by the end of July’s first week.
• Why did the price of Calcium Propionate change in July 2025?
• The CFR Hamburg price witnessed a clear upward trend, increasing from USD 1045/MT in June 2025 to USD 1088/MT in early July, due to higher export offers from China and elevated freight costs into Europe.
• Demand outlook in Germany remained firm, with stable offtake from downstream sectors like bakery and food preservation applications. Warmer summer weather contributed to higher preservative usage, supporting steady procurement levels.
• Production cost trends globally were impacted by maintenance shutdowns at several manufacturing hubs, reducing export availability from Asia and contributing to supply-side constraints.
• Inventory levels in Germany were reported to be moderately low, prompting buyers to secure forward volumes in anticipation of further price escalation, sustaining positive market sentiment throughout the month.
• The price movement was further amplified by global shipping disruptions, leading to longer transit times and delivery delays, adding to the landed cost pressure.
• Compared to North America (US), where the Calcium Propionate market witnessed a stable-to-soft price trend due to weak demand, the European market, particularly Germany, exhibited clear cost-push inflation, making it a high-impact price zone in July 2025.
APAC
• The Price Index for Calcium Propionate in APAC, China, indicated a steady uptrend throughout July 2025, rising consistently after a bullish close to June, driven by firm demand and tightening supply.
• The Spot Price of Calcium Propionate in China climbed from USD 940/MT FOB Shanghai in June 2025 to around USD 970/MT in the first week of July, registering a noticeable increase due to constrained availability and robust downstream consumption.
• The Price Forecast for August 2025 points to continued firmness in the Chinese market, supported by ongoing bakery and food preservative demand, although further gains may be limited if feedstock costs stabilize and global demand levels off.
• The Production Cost Trend remained moderately supportive; while feedstock Propionic Acid saw marginal cost pressures, overall manufacturing economics were favorable due to steady calcium salt pricing and stable energy input costs.
• The Demand Outlook across China was optimistic during July 2025, with key downstream sectors such as processed foods and baking ingredients accelerating orders to cover the early Q3 requirement, leading to tightening inventories and supply delays.
• Why did the price of Calcium Propionate change in July 2025?
• The price rose due to strong seasonal demand from the food and bakery industries, reduced stock availability after heavy end-June offtake, and improved export volumes to the US and Middle East, which pushed suppliers to raise offers in early July.
For the Quarter Ending March 2025
North America
In Q1 2025, the Calcium propionate market in North America displayed notable price fluctuations, driven primarily by domestic demand, logistical challenges, and supply constraints. In early January, with a slight 0.40% weekly decrease attributed to abundant inventories and a lull in trade post-holiday season. However, by mid-January, reflecting a 1.61% week-on-week increase, spurred by the return of full-scale production and rising customer demand. The market then stabilized as exporters maintained competitive pricing for international sales.
Throughout February, prices continued to climb, till the end of the month. The increase was driven by higher production costs, including raw materials and energy, alongside strong demand from the pharmaceutical and food sectors. The supply side faced logistical difficulties with freight rates remaining high, though imports began to recover after some port congestion eased. By the end of March, prices remained firm at $1280/MT, despite a slight correction due to improved supply flows. Supply chain issues persisted, but demand from key sectors remained strong, pushing prices upward.
Overall, Q1 2025 saw a consistent upward trend in Calcium propionate prices in North America. Strong domestic demand, combined with supply-side constraints from elevated freight costs and production challenges, supported the market's stability. While a brief price dip occurred in late March, the market ended the quarter with prices holding steady, signaling ongoing pressure from logistics and production costs. The quarter closed with prices at $1260/MT CFR New York, reflecting market resilience amid continued inflationary pressures and logistical challenges.
Asia Pacific
In Asia, particularly China, the Calcium Propionate market demonstrated a firm upward trajectory throughout Q1 2025.This quarterly increase was driven by a combination of strong domestic demand, constrained supply, and supportive upstream costs, especially from Propionic Acid.
January opened with steady price gains as downstream industries resumed operations after the holiday season, leading to a surge in procurement. Producers responded to this revival with adjusted output to balance inventory levels. Export activity remained competitive, supported by firm international interest. As the quarter progressed, February witnessed moderate price gains despite the Lunar New Year-induced production slowdown. Post-holiday, manufacturing activity picked up quickly, with heightened inquiries from pharmaceutical and food sectors stabilizing the upward trend.
By March, market tightness intensified due to seasonal demand from food manufacturers and increasing feedstock prices. Supply shortages, logistical disruptions, and elevated freight costs led to aggressive procurement behavior. Prices surged notably in the final weeks, with buyers stockpiling inventory amid rising transaction values and ongoing market volatility. Given current fundamentals, the outlook remains firm for early Q2.
Europe
In the first quarter of 2025, the Calcium Propionate market in Germany saw steady price increases, underpinned by a combination of logistical challenges, rising production costs, and sustained demand from key sectors like pharmaceuticals, food, and supplements. January started with a modest decline in prices, reaching $1,220/MT CFR Hamburg by mid-month, driven by ample inventories and well-managed distribution networks. However, as the Lunar New Year celebrations brought a temporary halt to Chinese production, the market tightened, pushing prices to $1,240/MT by January 31. The stability in prices during this period was supported by the robust stock levels maintained by German importers, allowing them to avoid disruptions despite the Chinese production slowdown.
By February, prices continued their upward trend, with slight weekly increases driven by sustained demand across European markets. Prices rose by the end of the month, supported by higher production costs and steady purchasing activity. The increase was also influenced by logistical challenges, particularly the elevated freight rates and the post-holiday recovery in production. The German market remained resilient, with demand from food and pharmaceutical sectors remaining consistent, further driving price momentum.
March saw further tightening of the market till the end of the month. The rise was a result of ongoing supply constraints, particularly due to limited imports from China and logistical bottlenecks. Active restocking by German buyers and steady demand from downstream industries contributed to price strength, despite the logistical challenges that continued to affect the market.
Overall, the first quarter of 2025 saw the German Calcium Propionate market maintaining a firm upward trend. Despite some fluctuations, the market ended the quarter on a high note, with sustained demand and supply-side constraints continuing to exert upward pressure on prices. The combination of external factors, such as post-holiday production adjustments and persistent logistical challenges, set the tone for the market's continued price strength in the near term.
For the Quarter Ending December 2024
North America
The U.S. Calcium Propionate market in Q4 2024 exhibited a volatile yet predominantly upward pricing trend, driven by strong demand and persistent supply constraints. October opened with sharp price hikes due to robust domestic and export demand, coupled with inventory shortages exacerbated by China’s Golden Week holiday. Rising production and freight costs, along with a weaker U.S. dollar, added upward pressure. Mid-October saw a brief price dip from oversupply and buyer hesitation, but the market rebounded sharply by late October as inventories tightened and demand strengthened.
November sustained an upward trajectory, with prices rising consistently. The increase was fueled by restocking activities ahead of festive demand, constrained inventories, and escalating production costs due to higher Propionic Acid prices. Supply chain challenges, including shipping delays and tariffs, intensified market volatility.
In December, prices fluctuated but ultimately trended higher, propelled by rising Chinese export prices and strategic stock adjustments. Robust demand in nutritional applications and pre-tariff purchases further supported the increases. Despite port congestion and logistical inefficiencies, the market remained resilient. Overall, Q4 2024 reflected a dynamic and bullish market, emphasizing the need for strategic sourcing and inventory management.
Asia Pacific
The Calcium Propionate market in Q4 2024 showed an overall upward trend followed by brief fluctuations in prices due to global supply-demand dynamics and external factors. Early October saw stable conditions, with a temporary boost in pricing from increased demand due to the Golden Week holiday in China. Despite ongoing oversupply and weak consumer sentiment, prices began rising in the second week of October, driven by high international quotations and growing production costs, particularly from propionic acid and crude oil.
However, by mid-October, market conditions cooled, with price drops as demand from downstream sectors weakened. As November progressed, the market rebounded, with a steady rise in prices due to stronger export activity and increasing demand from food preservative sectors. However, oversupply continued to exert downward pressure by the month's end.
By December, aggressive destocking and declining feedstock prices led to price volatility, despite some price increases due to tightened supply conditions. The month ended with prices settling lower after a peak mid-December, reflecting both strong demand and strategic inventory adjustments. The market saw price fluctuations amid adjustments, but the overall trend indicated moderate bullishness.
Europe
The German Calcium Propionate Market in Q4 2024 witnessed mixed trends, characterized by early gains followed by price corrections, ending the quarter on a subdued note. The quarter began with notable price hikes as demand surged amid supply chain disruptions, particularly from Asia. Buyers stockpiled inventories ahead of China's Golden Week, while rising import costs and currency fluctuations further fueled prices. By mid-October, prices climbed to $1,190/MT CFR Hamburg due to tightening stock levels and robust downstream demand.
However, as November progressed, market conditions shifted. Soft demand, oversupply from prior stockpiling, and lower logistics costs pushed prices down. By late November, prices briefly rose to $1,220/MT, driven by global supply tightness and increased procurement activity. Yet, December brought renewed price weakness, with a 1.23% decline to $1,205/MT CFR Hamburg. This reflected subdued demand, pre-holiday slowdowns, and cautious purchasing behavior across the Eurozone.
Overall, Q4 exhibited volatility, starting strong but ending with bearish sentiment. Persistent supply chain challenges and fluctuating demand dynamics underscored the market's susceptibility to global economic and logistical factors.
