In Q1 2024, USA 2-Ethyl Hexanol prices fluctuated around 5% higher compared to Q4 2023, with major exporting countries from the USA to Brazil and Canada affected by these changes. In Malaysia, prices fluctuated around 4% lower compared to Q4 2023, impacting exports to India and Bangladesh.
In Q2 2024, USA 2-Ethyl Hexanol prices increased by approximately 10% compared to Q1 2024, driven by growth in the automotive, construction, and consumer goods sectors. Meanwhile, in Malaysia, prices saw a similar increase of around 10% compared to Q1 2024, fueled by the country’s economic growth and rising demand for chemicals, particularly in infrastructure and manufacturing sectors.
Looking ahead to Q3 2024, USA 2-Ethyl Hexanol prices are projected to remain relatively stable or increase slightly. In North America, stable domestic production and feedstock costs are expected to moderate price increases, while in South America, higher import costs and regional demand pressures may result in more significant price rises. Economic conditions and supply chain stability will play key roles in shaping these trends. In Malaysia, prices are expected to experience moderate increases or remain stable due to local demand and global market conditions. In the broader APAC region, prices are likely to remain stable or see slight increases, driven by strong demand and expanding production capacities.
In Q4 2024, USA 2-Ethyl Hexanol prices are expected to remain stable or see modest increases, with domestic production and feedstock costs helping to keep price hikes moderate. However, any unexpected changes in energy costs or supply chain disruptions could lead to minor fluctuations. The 2-Ethyl Hexanol market in Malaysia is forecasted to experience moderate increases due to the reliance on imports, with global feedstock price fluctuations, shipping costs, and regional economic conditions playing a significant role. In the APAC region, the market will experience moderate price increases or stability, supported by demand and production growth, with Malaysia seeing moderate price rises due to its import reliance and external market factors.