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Benzoic Acid Price Trend and Forecast

UNSPC code: 12352105
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

benzoic acid Price Trends by Country

cnChina
vnVietnam
phPhilippines
inIndia
brBrazil
idIndonesia
mxMexico
trTurkey

Global benzoic acid Spot Market Prices, Trend Analysis and Forecast

Price Watch™ provides real-time price assessments and price forecasts for Benzoic Acid across top trading regions:  

Benzoic Acid Regional Coverage    Benzoic Acid Grade and Country Coverage    Benzoic Acid Pricing Data Coverage Explanation   
   

   

   

   

   

   

Asia-Pacific Benzoic Acid Pricing Analysis   

 Benzoic Acid Technical Grade (99% min) FOB Prices at Shanghai Port, China  Weekly Price Update on Benzoic Acid Real-Time Export Prices from Shanghai Port, China to Global Markets   
Benzoic Acid Technical Grade (99% min) CIF prices at Haiphong Port, Vietnam from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices at Haiphong Port, Vietnam from China 
Benzoic Acid Technical Grade (99% min) CIF prices at Jakarta Port, Indonesia from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices at Jakarta Port, Indonesia from China 
Benzoic Acid Technical Grade (99% min) CIF prices at Manila Port, Philippines from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices at Manila Port, Philippines from China 
Benzoic Acid Technical Grade (99% min) CIF prices at Nhava Sheva Port, India from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices at Nhava Sheva Port, India from China 
Benzoic Acid Technical Grade (99% min) Domestic Prices at Ex-Kandla, India  Weekly Price Update on Benzoic Acid Real-Time Domestic Prices at Kandla, India 
Europe Benzoic Acid Pricing Analysis    Benzoic Acid Technical Grade (99% min) CIF Prices at Mersin Port, Turkey from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices from Mersin Port, Turkey from China 
North America Benzoic Acid Pricing Analysis    Benzoic Acid Technical Grade (99% min) CIF prices at Manzanillo Port, Mexico from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices from Manzanillo Port, Mexico from China 
South America Benzoic Acid Pricing Analysis    Benzoic Acid Technical Grade (99% min) CIF prices at Santos Port, Brazil from China  Weekly Price Update on Benzoic Acid Real-Time Import Prices from Santos Port, Brazil from China 

Benzoic Acid Price Forecasts & Market Foresight Q3 2026

Outlook: Bearish to Strongly Bearish
Confidence: High

Benzoic acid prices are expected to weaken through Q3 2026, driven by softer toluene feedstock costs, ample plant availability, and sluggish offtake from downstream plasticizer, animal feed, and preservative segments. Asia, particularly China, may witness the steepest correction amid overcapacity and aggressive export pricing to clear inventories, further dented by monsoon-affected demand.

Europe is likely to see a moderate decline as high energy costs partially cushion producer margins, while North America may follow a comparatively milder downtrend supported by steady feed-grade consumption. Overall, sentiment is expected to stay bearish unless feedstock costs firm or restocking activity improves unexpectedly.

Global Benzoic Acid Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
China TG (99% min) Flakes FOB Shanghai Bearish to Strongly Bearish
Brazil TG (99% min) Flakes CIF Santos (CHINA) Mildly Bearish to Strongly Bearish
Vietnam TG (99% min) Flakes CIF Haiphong (CHINA) Bearish to Strongly Bearish
Indonesia TG (99% min) Flakes CIF Jakarta (CHINA) Bearish to Strongly Bearish
Mexico TG (99% min) Flakes CIF Manzanillo (CHINA) Mildly Bearish to Strongly Bearish
Philippines TG (99% min) Flakes CIF Manila (CHINA) Bearish to Strongly Bearish
Turkey TG (99% min) Flakes CIF Mersin (CHINA) Bearish to Strongly Bearish
India TG (99% min) Flakes CIF Nhava Sheva (CHINA) Bearish to Strongly Bearish
India TG (99% min) Flakes Ex-Kandla Bearish to Strongly Bearish

*Benzoic Acid Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ Benzoic Acid Forecast
Access comprehensive Benzoic Acid market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ Benzoic Acid Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in toluene feedstock costs, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand, and geopolitical developments affecting the global benzoic acid market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

Track Benzoic Acid Supply Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact Benzoic Acid markets.

Access the Price Watch™ GIO Tracker

Benzoic Acid Price Trend Q2 2026

In Q2 2026, Benzoic Acid prices increased across major Asian and Latin American markets, supported by higher toluene feedstock costs, tightening supply availability, and disrupted raw material logistics linked to broader geopolitical tensions. China, Brazil, and Mexico saw the sharpest gains, while Turkey and the Philippines recorded relatively steadier increases.

Buyers across these regions responded with active procurement to secure volumes ahead of further tightening. The Benzoic Acid Price Chart showed a broadly synchronized upward movement through April and May, with June bringing mixed movement, easing in some markets and continued firmness in others like Brazil.

The Benzoic Acid Price Index remained elevated overall, supported by steady consumption from plasticizer, preservative, and alkyd resin industries even as freight costs began settling toward quarter end.

China (Benzoic Acid export prices FOB Shanghai, China; Grade- Technical Grade (99% min) Flakes) 

The Benzoic Acid price in China, for the period Q2 2026, has been quite strong since the price has been up by 24.00% when compared to the previous quarter’s average, because of rising toluene costs coupled with geopolitical tensions that have disrupted raw material logistics and tightened supply availability.

There has been an uptrend on purchases of Benzoic Acid in China as downstream demand from plasticizer, preservative, and alkyd resin manufacturers has strengthened alongside fears regarding shortages in supply.

Consequently, there has been a strong upward Benzoic Acid price trend in China within the Chinese market over the last quarter due to increased procurement activities to lock prices before further tightening. In June 2026, the Benzoic Acid price in China has declined by 2.00% when compared to the previous month average, owing to easing geopolitical tensions and improved toluene availability that have allowed freight costs to settle and the market to normalise.

Brazil (Benzoic Acid Import prices CIF Santos, Brazil; Grade- Technical Grade (99% min) Flakes)

The Benzoic Acid price in Brazil, for the period Q2 2026, has been quite strong since the price has been up by 30.00% when compared to the previous quarter’s average, because of rising toluene costs coupled with geopolitical tensions that have disrupted raw material logistics and tightened supply availability.

There has been an uptrend on purchases of Benzoic Acid in Brazil as downstream demand from plasticizer, preservative, and alkyd resin manufacturers has strengthened alongside fears regarding shortages in supply. Consequently, there has been a strong upward Benzoic Acid price trend in Brazil within the market over the last quarter due to increased procurement activities to lock prices before further tightening.

In June 2026, the Benzoic Acid price in Brazil has further increased by 1.50% when compared to the previous month average, as elevated freight costs coupled with sustained toluene costs have continued to support the upward pricing momentum.

Vietnam (Benzoic Acid Import prices CIF Haiphong, Vietnam; Grade- Technical Grade (99% min) Flakes)

Vietnam’s Benzoic Acid market has turned in a strong Q2 2026 performance, with the Benzoic Acid Price in Vietnam having risen by 23.00% when compared to the previous quarter’s average. This gain has been driven mainly by rising toluene feedstock costs, further compounded by geopolitical tensions that have disrupted raw material logistics and tightened overall supply availability.

Buyers have stepped up procurement through the quarter, spurred by mounting concerns over potential shortages and a desire to secure stock ahead of any further tightening, which has kept the Benzoic Acid Price Trend in Vietnam firmly upward. Demand from downstream plasticizer, preservative, and alkyd resin manufacturers has remained firm, adding additional support to prices.

In June 2026, Benzoic Acid Prices in Vietnam have reversed course, declining by 3.00% when compared to the previous month’s average, as easing geopolitical tensions and improving toluene availability have allowed freight costs to settle and the market to normalise.

Indonesia (Benzoic Acid Import prices CIF Jakarta, Indonesia; Grade- Technical Grade (99% min) Flakes)

The Benzoic Acid Price in Indonesia has climbed sharply in Q2 2026, up 24.00% against the previous quarter’s average, as toluene feedstock costs have risen alongside geopolitical tensions that have strained raw material logistics and left supply chains stretched thin.

Indonesian buyers tied to plasticizer, preservative, and alkyd resin production have kept demand robust throughout the quarter, and growing unease over possible shortages has pushed many to accelerate their purchasing well ahead of typical schedules.

This combination of tight supply and eager buying has kept the Benzoic Acid Price Trend in Indonesia on a firm upward path for most of the quarter, as importers have moved quickly to lock in stock before conditions could tighten further.

Relief has come by June, however in June 2026, Benzoic Acid Prices in Indonesia have pulled back by 3.00% from May’s average, with easing geopolitical pressure and better toluene availability allowing freight costs to settle and the broader market to find steadier footing.

Mexico (Benzoic Acid Import prices CIF Manzanillo, Mexico; Grade- Technical Grade (99% min) Flakes)

Mexico’s Benzoic Acid market has strengthened considerably in Q2 2026, with the Benzoic Acid Price in Mexico having risen by 29.00% against the previous quarter’s average, driven by escalating toluene costs alongside geopolitical tensions that have disrupted raw material logistics and tightened supply availability.

Demand from Mexican plasticizer, preservative, and alkyd resin manufacturers has stayed robust through the quarter, and mounting concern over potential shortages has prompted buyers to accelerate purchasing well ahead of usual patterns. This has kept the Benzoic Acid Price Trend in Mexico firmly tilted upward for most of Q2, as importers have rushed to secure inventory before conditions could tighten further.

Unlike markets that have cooled by June, Mexico has continued to see upward pressure in June 2026, Benzoic Acid Prices in Mexico have edged up a further 1.00% from May’s average, as persistent toluene costs and steady downstream demand have kept the momentum intact.

Philippines (Benzoic Acid Import prices CIF Manila, Philippines; Grade- Technical Grade (99% min) Flakes)

The Benzoic Acid Price in Philippines has risen sharply through Q2 2026, up 29.00% compared to the previous quarter’s average, as rising toluene feedstock costs have combined with geopolitical tensions that have disrupted raw material logistics and tightened supply chains.

Downstream demand from plasticizer, preservative, and alkyd resin producers in the Philippines has held firm across the quarter, and growing worries over possible shortages have driven buyers to move faster than usual to secure stock.

This has pushed the Benzoic Acid Price Trend in Philippines consistently higher through most of Q2, as importers have prioritised locking in supply ahead of any further tightening. Conditions have eased by June, though in June 2026, Benzoic Acid Prices in Philippines have declined by 3.00% from May’s average, as softening geopolitical tensions and improved toluene availability have allowed freight costs to settle and the market to return to a steadier footing.

Turkey (Benzoic Acid Import prices CIF Mersin, Turkey; Grade- Technical Grade (99% min) Flakes)

Turkey’s Benzoic Acid market has firmed up considerably in Q2 2026, with the Benzoic Acid Price in Turkey having risen by 21.00% against the previous quarter’s average, driven by higher toluene feedstock costs alongside geopolitical tensions that have disrupted raw material logistics and strained supply availability.

Demand from Turkish plasticizer, preservative, and alkyd resin manufacturers has stayed steady through the quarter, and growing concern over potential shortages has encouraged buyers to secure stock earlier than usual.

This has kept the Benzoic Acid Price Trend in Turkey on an upward path for most of Q2, as importers have moved to lock in prices ahead of any further tightening. Momentum has carried into June as well in June 2026, Benzoic Acid Prices in Turkey have edged up a further 0.50% from May’s average, as sustained toluene costs and firm downstream demand have continued to support the market.

India (Benzoic Acid Ex-Prices Ex-Kandla, India; Grade- Technical Grade (99% min) Flakes)

The Benzoic Acid Price in India has surged strongly through Q2 2026, up 38.00% compared to the previous quarter’s average on an Ex-Kandla basis, driven by rising toluene feedstock costs alongside supply-side pressures stemming from global geopolitical tensions that have disrupted raw material availability.

Domestic demand from India’s plasticizer, preservative, and alkyd resin manufacturers has remained strong throughout the quarter, and concerns over tightening feedstock supply have pushed buyers to step up procurement well ahead of usual patterns. This has kept the Benzoic Acid Price Trend in India firmly upward for most of Q2, as domestic converters have prioritised securing material before further cost escalation.

Relief has set in by June, however in June 2026, Benzoic Acid Prices in India have eased by 3.00% from May’s average, as improved toluene availability and softer input costs have allowed the domestic market to stabilise.

Benzoic Acid Price Trend Analysis: Q1 2026

Benzoic Acid Price Trend Q1 2026

The benzoic acid price trend witnessed a considerable hike in the first quarter of 2026 with price appreciation ranging from 5% to 20%. There is a substantial increase in price levels in the Asian market, primarily owing to increased demand for Benzoic Acid from downstream markets such as plasticizer manufacturers and food preservative applications.

The price hike in the Asian market also reflected increased price levels for its feedstock, Toluene, amid the war situation between Iran and Israel in March 2026, and increased freight charges. There is an increase in price levels in the European market supported by healthy domestic demand and supply shortages.

China: Benzoic Acid export prices FOB Shanghai, China; Grade- Technical Grade (99% min) Flakes

Benzoic Acid prices in China soared sharply by 28.24% against the fourth quarter of 2025 in the first quarter of 2026. The rise in the prices is mainly due to a sharp recovery in demand in downstream industries, such as food preservatives and plasticizers.

Benzoic Acid price trend in China witnessed a marked change in the positive direction after recording weakness in the preceding quarter. Geopolitical tensions, mainly the Iran-Israel crisis, affected the shipping of goods and materials around the world, increasing the costs of transportation, as well as affecting material supplies.

Furthermore, rising toluene input prices increased production costs and, therefore, contributed to an increase in prices. In addition, the improvement in industrial activities in other countries that are also purchasing the commodity, such as India, Brazil, and Turkey, boosted prices of exports from China.

In China, Benzoic Acid prices in March 2026 showed sharp gains thus reversing the downward price trend witnessed previously. From the general Benzoic Acid price trend, there is a bull market outlook for prices in the coming period when supply conditions improve, especially in key markets such as Mexico and the Philippines.

Brazil: Benzoic Acid Import prices CIF Santos, Brazil; Grade- Technical Grade (99% min) Flakes

As per Price Watch, in Q1 2026, there is a 21.71% increase in Benzoic Acid prices in Brazil from Q4 2025. This is due to the significant rebound in demand from the pharmaceutical and automotive industries, which helped boost consumption volumes.

In the Benzoic Acid price trend in Brazil, the market turned bullish due to higher industrial output and usage downstream. In Brazil, Benzoic Acid price in March 2026 witnessed a marked uptick owing to geopolitical instability, primarily the ongoing Iran-Israel conflict, resulting in higher logistics costs.

In addition, rising costs of feedstocks such as toluene pushed up production expenses. Demand from food applications also offered support. Overall, the Benzoic Acid price trend in Brazil is robust during the period, and its prospects in Q2 2026 look promising.

Vietnam: Benzoic Acid Import prices CIF Haiphong, Vietnam; Grade- Technical Grade (99% min) Flakes

Price Watch reported that the Benzoic Acid price in Vietnam in Q1 2026 are recorded at an impressive increase of 26.91% from Q4 2025. The main reasons behind this increase are attributed to the recovering demand from coating and plastic industries, resulting in increasing consumptions.

Thus, the Benzoic Acid price trend in Vietnam showed a positive change in the market due to better production activities and higher purchasing momentum. In Vietnam, Benzoic Acid price in March 2026 went up significantly, thanks to some supply chain interruptions, caused by geopolitical tensions between Israel and Iran.

These circumstances resulted in higher prices due to the increased transport costs and reduced material availability. Moreover, higher feedstock toluene costs led to increasing manufacturing costs, contributing to higher Benzoic Acid prices.

Higher buying activity in Vietnam is another important factor supporting the price increase. To summarize, the Benzoic Acid prices showed steady growth during Q1 2026, while the forecasts for Q2 2026 seem promising, considering ongoing high demand from end-users’ industries.

Indonesia: Benzoic Acid Import prices CIF Jakarta, Indonesia; Grade- Technical Grade (99% min) Flakes

According to Price Watchâ„¢, the Benzoic Acid price in Indonesia surged by 26.24% during Q1 2026 when compared to Q4 2025. The sudden price increase in the country is mainly due to an increase in demand from important industries like automotive and chemical industry.

The Benzoic Acid price trend in Indonesia displayed an extremely upward movement backed by strong industrial and buying activities. In Indonesia, Benzoic Acid price in March 2026 witnessed significant spike because of disruption in shipping activities and increased cost of transportation owing to the Iran-Israel conflict.

In addition, toluene feedstock prices are higher, resulting in increased cost of production. There is considerable buying activity in the Indonesian market, which contributed to sustained price trend. Overall, the Benzoic Acid price trend in Indonesia is steady, and the forecast for Q2 2026 is bright with strong demand anticipated to keep the prices high.

Mexico: Benzoic Acid Import prices CIF Manzanillo, Mexico; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q1 2026, Benzoic Acid prices in Mexico increased by 23.46% compared to Q4 2025. The Benzoic Acid price trend in Mexico is driven by stronger demand from the automotive and food preservative sectors.

In Mexico, Benzoic Acid price trend in March 2026 saw a significant surge due to supply chain disruptions caused by the Iran-Israel war, pushing freight costs higher. The increase in Toluene feedstock prices and higher production costs further supported the price rise. The outlook for Q2 2026 remains positive, with continued demand from key industries expected to keep prices elevated.

Philippines: Benzoic Acid Import prices CIF Manila, Philippines; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q1 2026, Benzoic Acid prices in the Philippines increased by 25.09% compared to Q4 2025. Benzoic Acid price trend in the Philippines is driven by a recovery in demand from downstream sectors like food preservatives and coatings.

In Philippines, Benzoic Acid price trend in March 2026 surged notably due to global supply chain disruptions caused by the Iran-Israel war. Rising Toluene feedstock prices and higher freight costs from China added further pressure on prices.

The Philippine market showed stronger purchasing activity, and the outlook for Q2 2026 is bullish, with continued demand supporting higher prices.

Turkey: Benzoic Acid Import prices CIF Mersin, Turkey; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q1 2026, Benzoic Acid prices in Turkey surged by 29.12% compared to Q4 2025. The Benzoic Acid price trend in Turkey is driven by robust demand from the automotive and chemical sectors, which saw stronger consumption.

In Turkey, Benzoic Acid price trend in March 2026 shot up notably, largely due to global supply chain disruptions caused by the Iran-Israel war, which led to increased freight costs. Rising Toluene feedstock prices further added to production costs.

As a result, Turkey experienced stronger purchasing activity, pushing prices higher. The outlook for Q2 2026 remains positive, with sustained demand expected to support continued price growth.

India: Benzoic Acid Import prices CIF Nhava Sheva, India; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q1 2026, Benzoic Acid prices in India increased by 26.80% compared to Q4 2025. Benzoic Acid price trend in India is driven by a rebound in demand from key sectors, including food preservatives and coatings.

In India, Benzoic Acid price trend in March 2026 notably spiked due to disruptions caused by the Iran-Israel war, which resulted in higher freight costs and supply chain challenges. Increased Toluene feedstock prices further pushed production costs higher.

As demand strengthened, India saw a sharp rise in purchasing activity. The outlook for Q2 2026 is bullish, with continued demand from downstream industries expected to support further price increases.

Benzoic Acid Price Trend Analysis 2025

Benzoic Acid Price Trend Q1 2025

According to the PriceWatch, the FOB price of Benzoic Acid in China settled at 792 USD per MT, decreasing 3.52% from Q4 2024. The downward price trend continued amid muted post-holiday restocking demand. Feedstock toluene prices in China remained stable, providing no major cost cushion.

Brazil and Mexico recorded lower CIF prices, in line with declining export prices. Vietnam witnessed marginal demand recovery but not enough to reverse the soft trend. Turkey remained cautious with imports due to weak downstream coatings consumption. The Philippines observed limited import bookings amid domestic stock availability.

Compared to Q4, price correction slowed but continued under pressure from global oversupply. Downstream sectors such as food preservatives and alkyd resin paints contributed little to demand growth during the quarter. Mild demand, ample stock, and low cost support kept prices on a sliding path through Q1. 

According to the PriceWatch, China’s FOB price slipped to 792 USD per MT, registering a 3.52% fall from Q4 2024. India’s CIF price mirrored this trend, falling to 871 USD per MT, down 3.22% quarter on quarter. Ex-Kandla prices dropped to 1004 USD per MT, down 7.15% due to subdued trading and reduced industrial orders.

Weak post-winter demand from preservatives and adhesive industries contributed to soft offtake. Indian importers received lower quotations from China due to abundant regional supply. Feedstock toluene remained stable but failed to support pricing. The domestic price trend weakened more sharply than import due to intensified local competition.

Compared to Q4 2024, both CIF and Ex-Kandla saw a consistent drop amid limited end-use industry momentum. Traders avoided bulk procurement due to pricing volatility, pressuring the price trend further in India.

Benzoic Acid Price Trend Q2 2025

According to the PriceWatch, the FOB price of Benzoic Acid in China dropped to 753 USD per MT, marking a 4.91% decline from Q1 2025. This downtrend in the benzoic acid price trend was largely attributed to weak seasonal demand from downstream preservatives and plasticizer industries.

Feedstock toluene prices in Asia remained subdued, offering minimal cost support. Supply overhang from earlier quarters exerted further downward pressure on prices. Vietnam and the Philippines witnessed CIF prices adjusting lower, reflecting China’s export trend.

Turkey and Brazil showed limited procurement activity due to economic volatility and local inventory sufficiency. Mexico recorded slight stockpile build-up, reducing the need for imports.

Compared to Q1, the global price trend weakened further as importers reduced contract volumes. The overall sentiment in Q2 remained bearish due to persistent oversupply and lackluster buying from key industries like food preservation and alkyd resins. 

According to the PriceWatch, the FOB price in China declined to 753 USD per MT, down 4.91% from Q1 2025. This extended the ongoing downtrend in the price trend as global demand remained soft.

India’s CIF benzoic acid price trend also fell to 811 USD per MT, a 6.89% decrease due to muted restocking. Ex-Kandla price dropped significantly to 859 USD per MT, marking a sharp 14.46% fall. Weak buying interest from food preservatives and alkyd resin sectors in India limited imports.

Toluene feedstock costs in Asia remained under pressure, offering no support to producers. Indian importers exercised caution amid high inventory levels and sluggish seasonal offtake.

Compared to Q1, both import and domestic markets in India witnessed steeper declines due to a combination of cheaper Chinese cargoes and weak downstream demand. The price trend continued downward across global and Indian markets under oversupply conditions. 

Benzoic Acid Price Trend Q3 2025

In Q3 2025, the global benzoic acid market experienced a slight decline, with prices decreasing by 2-3% compared to the previous quarter. This trend was largely influenced by lower demand from key downstream industries, including the food and beverage, pharmaceuticals, and plastics sectors, which saw subdued activity during the quarter.

Despite stable feedstock costs and minimal fluctuations in energy prices, the market faced challenges from oversupply conditions, particularly from key producers in Asia. Additionally, the slowdown in industrial production and weaker consumption in end-use applications like plasticizers, preservatives, and flavors contributed to the price decline.

As a result, the benzoic acid market entered a phase of adjustment, with reduced purchasing activity and inventory destocking impacting overall price levels. Moving into Q4, a cautious recovery is expected, contingent on improved demand from the automotive and packaging industries, along with potential adjustments in production schedules.

China: Benzoic Acid export prices FOB Shanghai, China, Grade- Technical Grade (99% min) Flakes.

In Q3 2025, Benzoic Acid prices in China decreased by 6.13% compared to Q2 2025. Benzoic Acid price trend in China was mainly driven by reduced demand from key downstream sectors like automotive and coatings, which faced production slowdowns. Despite stable production levels, oversupply conditions in the domestic market, coupled with higher freight costs, placed further downward pressure on prices.

Benzoic Acid prices in September 2025 in China continued to decline, reflecting weaker demand and global market softness. Moving forward, the market is expected to remain volatile, with prices dependent on the recovery of downstream industries and global supply chain adjustments.

Brazil (CIF from China): Benzoic Acid Import prices CIF Santos, Brazil, Grade- Technical Grade (99% min) Flakes.

In Q3 2025, Benzoic Acid prices in Brazil increased by 8.15% compared to Q2 2025. Benzoic Acid price trend in Brazil was supported by steady demand from the pharmaceutical and plastic sectors, which maintained production despite macroeconomic challenges. The increase in prices was also influenced by rising freight costs from China and higher feedstock prices.

Benzoic Acid prices in September 2025 in Brazil remained elevated, reflecting a stable domestic market and robust downstream consumption. The outlook for Q4 2025 suggests that prices will remain strong if demand stays consistent and supply chains remain tight.

Vietnam (CIF from China): Benzoic Acid Import prices CIF Haiphong, Vietnam, Grade- Technical Grade (99% min) Flakes.

According to Price-Watchâ„¢, In Q3 2025, Benzoic Acid prices in Vietnam decreased by 5.71% compared to Q2 2025. Benzoic Acid price trend in Vietnam was primarily impacted by weaker demand from key sectors, including automotive and coatings, which saw production slowdowns. Oversupply conditions in the market, combined with rising freight costs from China, placed downward pressure on prices.

Benzoic Acid prices in September 2025 in Vietnam continued a downward trajectory, reflecting weaker domestic consumption. The outlook for Q4 2025 remains cautious, with prices expected to remain under pressure unless demand improves in key industries.

Indonesia (CIF from China): Benzoic Acid Import prices CIF Jakarta, Indonesia, Grade- Technical Grade (99% min) Flakes.

In Q3 2025, Benzoic Acid prices in Indonesia decreased by 7.17% compared to Q2 2025. Benzoic Acid price trend in Indonesia was influenced by reduced demand from the chemical and pharmaceutical industries, which faced production slowdowns. The global oversupply of Benzoic Acid, combined with rising freight costs and weak domestic consumption, further pressured prices.

Benzoic Acid prices in September 2025 in Indonesia remained on a downward trend, influenced by these market conditions. Moving forward, prices are expected to remain volatile, with recovery dependent on downstream demand and supply chain improvements.

Mexico (CIF from China): Benzoic Acid Import prices CIF Manzanillo, Mexico, Grade- Technical Grade (99% min) Flakes.

In Q3 2025, Benzoic Acid prices in Mexico decreased by 5.88% compared to Q2 2025. Benzoic Acid price trend in Mexico was primarily driven by a decline in demand from the automotive and coatings sectors, which faced production slowdowns. The oversupply conditions, combined with rising freight costs from China, further contributed to the price decrease.

Benzoic Acid prices in September 2025 in Mexico continued to decline, reflecting ongoing market weakness. The outlook for the next quarter suggests that prices will remain under pressure unless there is a recovery in demand from key downstream industries.

Philippines (CIF from China): Benzoic Acid Import prices CIF Manila, Philippines, Grade- Technical Grade (99% min) Flakes.

In Q3 2025, Benzoic Acid prices in the Philippines decreased by 9.40% compared to Q2 2025. Benzoic Acid price trend in the Philippines was heavily influenced by reduced demand from key sectors, particularly coatings and plastics, which experienced slowdowns in production. Freight costs and supply chain disruptions added additional downward pressure on prices.

Benzoic Acid prices in September 2025 in the Philippines remained lower, reflecting weak domestic consumption and an oversupplied market. The market outlook remains uncertain, with further price decreases expected unless demand from key industries improves in the coming quarter.

Turkey (CIF from China): Benzoic Acid Import prices CIF Mersin, Turkey, Grade- Technical Grade (99% min) Flakes.

In Q3 2025, Benzoic Acid prices in Turkey decreased by 5.72% compared to Q2 2025. Benzoic Acid price trend in Turkey was driven by lower demand from key sectors, including automotive and packaging, which faced production slowdowns. Despite stable domestic supply, rising freight costs from China and weak consumption further pressured prices.

Benzoic Acid prices in September 2025 in Turkey continued a downward trajectory, influenced by ongoing supply-demand imbalances. The outlook for Q4 2025 remains cautious, with prices likely to remain subdued unless there is a rebound in demand from key industrial sectors.

Ex-Kandla: Benzoic Acid Ex-Prices Ex-Kandla, India, Grade- Technical Grade (99% min) Flakes.

According to the PriceWatch, In Q3 2025, Benzoic Acid prices at Ex-Kandla increased by 0.77% compared to Q2 2025. Benzoic Acid price trend in India was supported by stable demand from the pharmaceutical and chemical sectors, which continued to perform well despite global market challenges. The increase in prices was also influenced by higher feedstock costs, especially for benzene, and rising transportation costs.

Benzoic Acid prices in September 2025 in Ex-Kandla remained on an upward trajectory, reflecting strong domestic consumption and tightening supply. Moving forward, prices are expected to remain steady if demand stays stable and supply chain conditions improve.

Benzoic Acid Price Trend Q4 2025

During the fourth quarter of 2025, the worldwide Benzoic Acid market witnessed a marginal fall as prices fell between 3% and 2%. The markets in countries such as China, India, and South-East Asia felt the pressure of low consumption in industries such as plasticizers, food preservatives, and fragrances.

In spite of the stability in the feedstock supply of Toluene, the marginal decrease is observed owing to low industrial demand and an oversupply position.

China: Benzoic Acid export prices FOB Shanghai, China; Grade- Technical Grade (99% min) Flakes

Benzoic Acid price in China fell marginally in Q4 2025 by 0.33% from the Q3 2025 period. Factors affecting the Benzoic Acid price trend in China included reduced demand from end-use industries such as plasticizers, preservatives, and perfumes, which are experiencing lower levels of manufacturing.

Despite the static prices for toluene, which is an important raw material for Benzoic Acid production, reduced demand from major importers such as India and Mexico, coupled with stiff competition from Southeast Asian imports, contributed to market weakness.

The oversupply situation prevailing in the Chinese market also affected the pricing trend, although high shipping costs mitigated more aggressive reductions in prices.

In China, Benzoic Acid price in December 2025 minimal change in pricing, indicating a balance in the market. The future market outlook indicated that Benzoic Acid prices would remain low until higher demand recovered in downstream sectors.

Brazil: Benzoic Acid Import prices CIF Santos, Brazil; Grade- Technical Grade (99% min) Flakes

Based on Price Watch data, in Q4 2025, Benzoic Acid prices in Brazil fell by 10.54% from Q3 2025 levels. The Benzoic Acid price trend in Brazil is primarily affected by weakening end-user demand in the major sectors of pharmaceuticals and automotive due to production cutbacks in the sector for the period under review.

While there is a relatively constant supply of feedstocks, high freight costs from China remained a concern that pushed prices down. Additionally, the procurement of Benzoic Acid in Brazil slowed down due to lower demand from downstream industries.

In summary, in Brazil, Benzoic Acid price in December 2025 is characterized by a soft market in Q4 2025. Nevertheless, the outlook for the next quarter looks promising due to the anticipated rebound in pharmaceutical demand.

Vietnam: Benzoic Acid Import prices CIF Haiphong, Vietnam; Grade- Technical Grade (99% min) Flakes

According to Price Watch, during the Q4 2025 period, the Benzoic Acid price trend in Vietnam showed a mild decline of 0.35% compared to the preceding quarter (Q3 2025). Benzoic Acid price in Vietnam mainly driven by slow consumption from the downstream industries, including plastics and food preservation, where the industrial output is lower compared to other quarters.

Despite there being no supply shortages with regards to the feedstock toluene, the competition from Southeast Asia has an impact on prices. This notwithstanding, the Vietnamese market stayed balanced due to local demand avoiding any price spikes.

In Vietnam, Benzoic Acid price in December 2025 is mildly soft during the Q4 2025 period. Nonetheless, the expected increase in demand in the key sectors during Q1 2026 could contribute to a rise in prices.

Indonesia: Benzoic Acid Import prices CIF Jakarta, Indonesia; Grade- Technical Grade (99% min) Flakes

Price Watch also reported that in Q4 2025, there is a slight drop in the price of Benzoic Acid in the Indonesia market by 0.43%. Benzoic Acid price trend in Indonesia is low due to slower production rates within end-use industries like food preservatives and plasticizers.

While the prices of feedstock materials do not fluctuate, they do not manage to mitigate the effects of reduced demand levels within the end use industries. The Indonesian market maintained a stable status quo due to efficient logistics management that ensured prices not take an extreme hit due to other factors.

In Indonesia, Benzoic Acid price in December 2025 is slightly subdued in Q4 2025. Nonetheless, the forecast for Q1 2026 looks favorable given the expected recovery of key end-use industries that will boost demand.

Mexico: Benzoic Acid Import prices CIF Manzanillo, Mexico; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q4 2025, Benzoic Acid prices in Mexico decreased by 3.08% compared to Q3 2025. The Benzoic Acid price trend in Mexico is primarily driven by weaker demand from the plastic and automotive sectors, which faced slowdowns.

Despite stable feedstock availability, the market remained soft due to reduced procurement levels in key downstream industries. Competitive imports also placed downward pressure on prices.

In Mexico, Benzoic Acid prices in December 2025 appears more optimistic, with expectations of a demand recovery from key industries, particularly in food preservatives and coatings, potentially driving prices higher in the upcoming months.

Philippines: Benzoic Acid Import prices CIF Manila, Philippines; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q4 2025, Benzoic Acid prices in the Philippines decreased by 0.38% compared to Q3 2025. The Benzoic Acid price trend in the Philippines is driven by lower consumption in the food and fragrance sectors, which faced slowdowns. Despite stable feedstock prices, competition from imports and softer demand led to minimal price movement.

In Philippines, Benzoic Acid prices in December 2025 have been more promising, as recovery in key industries is expected to drive prices higher, especially in the food-grade and coatings sectors, with increased demand supporting upward price momentum.

Turkey: Benzoic Acid Import prices CIF Mersin, Turkey; Grade- Technical Grade (99% min) Flakes

According to Price Watch, in Q4 2025, Benzoic Acid prices in Turkey decreased by 1.74% compared to Q3 2025. The Benzoic Acid price trend in Turkey is primarily due to reduced demand from the automotive and plastic sectors, which faced production slowdowns.

Despite stable feedstock availability, high freight costs from China further pressured the market. Turkey’s market faced softer procurement due to cautious buying sentiment. In Turkey,

Benzoic Acid prices in December 2025 have been more optimistic, with stronger demand from key sectors expected to push prices higher, particularly in automotive and coatings applications.

India: Benzoic Acid Import prices CIF Nhava Sheva, India; Grade- Technical Grade (99% min) Flakes

According to Price-Watchâ„¢, in Q4 2025, Benzoic Acid prices in India decreased by 2.76% compared to Q3 2025. Benzoic Acid price trend in India is primarily driven by weaker demand from the food and beverage sectors and subdued consumption from plastics and automotive industries.

Competitive imports and stable feedstock prices contributed to softer prices. In India, Benzoic Acid prices in December 2025 has been more positive, with an expected uptick in demand from key downstream sectors likely driving prices higher in the next quarter.

Benzoic Acid Price Trend Q1 2024

According to the PriceWatch, In Q1 2024, China’s Benzoic Acid prices dropped by 7.39%, reaching 902 USD per MT. This decline was driven by reduced demand from Vietnam, Mexico, and Brazil, where slower industrial production led to weaker consumption in the coatings and plastics sectors.

Feedstock prices for toluene and xylene remained stable but were not enough to counteract the drop in demand. The overall China market faced pressure from lower CIF imports from key countries like Vietnam and Turkey, who reduced their purchase volumes. According to the PriceWatch price index, China’s prices experienced a significant decline, reflecting the weaker regional demand.

The PriceWatch price chart highlights this downward trend, with China’s market showing a sharp fall compared to Q4 2023. The broader market sentiment remained weak, with global demand showing little improvement.  

According to the PriceWatch, China’s FOB benzoic acid price trend declined to 902 USD per MT, dropping 7.39% from Q4 2023. India’s CIF price followed, falling to 957 USD per MT, down 3.82% on weak demand. Ex-Kandla prices slightly dipped to 1176 USD per MT, slipping 0.57% due to tepid restocking.

Seasonal slowdown post-winter and low toluene prices limited upward pressure. Indian importers avoided long-term contracts, opting for smaller parcels. Downstream demand from food and chemical sectors remained low due to subdued manufacturing.

Compared to Q4 2023, imports fell more than domestic prices, leading to wider spread. The price trend moved downward overall, reflecting global and domestic supply comfort. Limited cost push and oversupply continued to keep pressure on prices throughout the quarter. 

Benzoic Acid Price Trend Q2 2024

According to the PriceWatch, China’s FOB price for Benzoic Acid climbed to 970 USD per MT, a 7.60% increase from Q1 2024. The quarter saw a positive price trend due to revived export activity and moderate feedstock cost recovery. Toluene values increased slightly, influencing marginal cost support.

Vietnam and Turkey recorded higher CIF benzoic acid prices driven by improved downstream coating and preservative consumption. Brazil’s imports surged due to reduced local production. Mexico maintained steady demand while the Philippines resumed shipments after Q1 disruptions. Compared to Q1, the quarter reflected better market sentiment and mild rebound in global consumption.

Export inquiries from Southeast Asia helped sustain the upward price trend. Chinese suppliers benefited from balanced supply and export opportunities, though gains remained limited by global economic caution. 

According to the PriceWatch, China’s FOB benzoic acid price trend increased to 970 USD per MT, a 7.60% jump from Q1 2024. India’s CIF price rose sharply to 1032 USD per MT, gaining 7.87% due to stronger industrial consumption. Ex-Kandla prices edged up to 1188 USD per MT, increasing 1.00% supported by consistent offtake.

The benzoic acid price trend turned upward with seasonal recovery in demand from preservatives and paints. Feedstock toluene firmed slightly in China, supporting upstream cost structure. Indian traders ramped up imports to replenish low inventories from the previous quarter.

Compared to Q1, Indian market activity showed positive signs driven by industrial restarts and favorable weather. Domestic prices lagged behind imports due to high competition and cost absorption. The quarter reflected demand-driven recovery, keeping the price trend firm across both imported and local markets. 

Benzoic Acid Price Trend Q3 2024

According to the PriceWatch, China’s FOB Benzoic Acid price rose modestly to 981 USD per MT, a 1.17% increase from Q2 2024. The price trend showed slight improvement driven by steady toluene costs and short-term demand spikes. Seasonal uplift from downstream alkyd resin and food sectors in Vietnam and Mexico supported some export orders.

Turkey’s demand remained flat, but CIF benzoic acid prices held firm due to low inventory. Brazil and the Philippines recorded moderate restocking as global trade routes stabilized. Compared to Q2, the quarter marked stability after prior volatility. However, high inventories and cautious buyers limited the scope of recovery.

Chinese suppliers benefited from minor regional tightening, but export margins remained compressed. CIF benzoic acid price changes across countries were minor, reflecting subdued purchasing appetite despite the mild recovery in global manufacturing sentiment. 

According to the PriceWatch, China’s FOB Benzoic Acid price trend inched up to 981 USD per MT, showing a marginal 1.17% increase from Q2 2024. India’s CIF price also rose to 1059 USD per MT, a 2.61% gain supported by moderate demand recovery.

Ex-Kandla price remained flat at 1189 USD per MT, rising just 0.11% as buyers were cautious. Upstream toluene costs stabilized, offering modest support. Indian coatings and preservative segments showed slight restocking demand during this quarter.

Chinese suppliers limited shipments due to regional maintenance, tightening availability. Compared to Q2, importers in India accepted small price hikes due to consistent consumption.

Domestic manufacturers held offers steady to compete with imports. The price trend remained relatively stable, with limited upside due to conservative buyer sentiment and stable raw material costs. 

Benzoic Acid Price Trend Q4 2024

According to the PriceWatch, China’s FOB Benzoic Acid price dropped sharply to 820 USD per MT, down 16.41% from Q3 2024. This quarter recorded the steepest fall in the price trend, driven by excess production and limited overseas inquiries. Toluene feedstock remained inexpensive, reducing overall production costs.

Demand from downstream sectors in China and globally remained lackluster due to year-end inventory destocking. Importing nations like Brazil and Mexico registered steep CIF corrections as domestic industries postponed fresh purchases. Vietnam and Turkey showed minimal Q-o-Q recovery in demand, but CIF benzoic acid prices aligned with China’s aggressive offers.

The Philippines faced port congestion, further delaying shipments. Compared to Q3, the quarter was demand-weak and supply-heavy, prompting sharp discounts by Chinese exporters. Lower freight rates also contributed to soft CIF benzoic acid pricing across all importing nations. 

According to the PriceWatch, China’s FOB price fell sharply to 820 USD per MT, a 16.41% decline from Q3 2024. India’s CIF price followed, dropping to 900 USD per MT, down 14.98% on weaker demand and higher inventories.

Ex-Kandla benzoic acid price trend declined to 1081 USD per MT, a 9.08% reduction driven by destocking ahead of the year end. Indian downstream demand from coatings and food sectors stayed weak due to slower festive season recovery.

Feedstock toluene stayed low in Asia, reducing production costs. Lower international shipping costs encouraged discounted offers from Chinese exporters. Compared to Q3, Indian importers delayed orders, anticipating further corrections.

The price trend remained downward across all benchmarks due to soft fundamentals and macroeconomic uncertainty. Indian domestic sellers adjusted rates downward to compete with falling import values. 

Technical Specifications of Benzoic Acid Price Trends

Product Description

Benzoic acid, a white crystalline compound with a faint aromatic odour, serves as a key feedstock for various industries. Derived from toluene oxidation, it is widely used in food preservatives, pharmaceuticals, and plasticizers.

Its antifungal and antibacterial properties make it essential for food preservation and cosmetic formulations, ensuring product longevity and safety.

Identifiers and Classification:

  • CAS No – 65-85-0
  • HS Code – 29163110
  • Molecular Formula – C6H5COOH
  • Molecular Weight (in gm/mol) – 122.12


Benzoic Acid Synonyms:

  • Carboxybenzene
  • Benzene carboxylic Acid
  • Phenyl formic Acid


Benzoic Acid Grades Specific Price Assessment:

  • Technical Grade (99% min) Flakes


Benzoic Acid Global Trade and Shipment Terms

  • Quotation Terms: 25-28 MT
  • Packaging Type: 25 Kg BAG


Incoterms Referenced in Benzoic Acid Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  Benzoic Acid Export price from China 
CIF Nhava Sheva (CHINA)  Nhava Sheva, India  Benzoic Acid import price in India from China 
CIF Santos (CHINA)  Santos, Brazil  Benzoic Acid import price in Brazil from China 
CIF Haiphong (CHINA)  Haiphong, Vietnam  Benzoic Acid import price in Vietnam from China 
CIF Jakarta (CHINA)  Jakarta, Indonesia   Benzoic Acid import price in Indonesia from China 
CIF Manzanillo (CHINA)  Manzanillo, Mexico  Benzoic Acid import price in Mexico from China 
CIF Manila (CHINA)  Manila, Philippines  Benzoic Acid import price in Philippines from China 
CIF Mersin (CHINA)  Mersin, Turkey  Benzoic Acid import price in Turkey from China 
Ex-Kandla   Kandla, India   Domestically Traded Benzoic Acid price in Kandla 

*Quotation Terms refers to the quantity range specified for the Benzoic Acid being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Benzoic Acid packing, ease of handling, transportation, and storage in industrial and commercial applications.


Key Benzoic Acid Manufacturers and their brands

Brand Name  Manufacturer 
Benzoic Acid  Wuhan Youji Industries Co., Ltd. 
Benzoic Acid  Tianjin Dongda Chemical GroupCo., Ltd 
Benzoic Acid  ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD. 
Benzoic Acid  Ganesh Benzoplast 
Benzoic Acid  Hemadri Chemicals  

Benzoic Acid Industrial Applications

benzoic acid market share end use

Historically, several events have caused significant fluctuations in Benzoic Acid prices

Russia-Ukraine Conflict (2022-Present):  

  • Rising Energy Costs: Disruptions in natural gas and crude oil supplies from Russia led to higher energy prices, increasing production costs for benzoic acid. 
  • Feedstock Price Increases: Prices of key raw materials like toluene, derived from crude oil, surged due to geopolitical tensions, affecting benzoic acid production costs. 
  • Supply Chain Disruptions: Trade routes and logistics in Eastern Europe were severely impacted, causing delays and limited availability of benzoic acid and its feedstocks. 
  • Sanctions on Russia: Economic sanctions reduced the supply of key petrochemicals, creating a supply shortage in global markets. 


COVID-19 Pandemic (2020):  

  • Surge in Demand for Preservatives: Increased demand for processed and packaged foods during lockdowns drove higher consumption of benzoic acid, a key food preservative. 
  • Supply Chain Disruptions: Global lockdowns and restrictions disrupted transportation, manufacturing, and logistics, causing supply shortages for benzoic acid and its raw materials. 
  • Fluctuations in Feedstock Prices: Prices of toluene, a key feedstock for benzoic acid, were affected by volatility in crude oil prices, which initially plummeted and later stabilized. 
  • Reduced Industrial Activity: Shutdowns in various industrial sectors, such as coatings and plasticizers, reduced demand for benzoic acid, creating an imbalance in certain regions. 
  • Market Speculation and Stockpiling: Uncertainty about supply availability led to speculative buying and stockpiling, further amplifying price volatility. 


Geopolitical Tensions (2018-2019):  

  • Trade Wars and Tariffs: The U.S.-China trade war-imposed tariffs on petrochemicals and derivatives, increasing production costs and disrupting global supply chains for benzoic acid. 
  • Crude Oil Price Volatility: Geopolitical conflicts, such as U.S. sanctions on Iran and tensions in the Middle East, led to fluctuations in crude oil prices, directly impacting the cost of toluene, a key feedstock for benzoic acid. 
  • Supply Chain Challenges: Political instability and trade restrictions affected the transportation and availability of raw materials, creating supply shortages in some regions. 
  • Shifting Global Trade Patterns: Manufacturers re-evaluated sourcing strategies due to geopolitical uncertainty, increasing logistics and operational costs for benzoic acid production. 

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global benzoic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the benzoic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence benzoic acid prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely benzoic acid market data.

Track Price Watch'sâ„¢ benzoic acid price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Benzoic Acid Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

The pricing of benzoic acid is influenced by several factors, including raw material costs such as propylene, fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.

Regional production plays a significant role in benzoic acid pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.

The latest pricing trends for benzoic acid often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.

Benzoic acid is an organic compound used primarily in the production of plastics, dyes, perfumes, and preservatives, as well as in the manufacture of chemicals such as plasticizers and benzene derivatives.

It is also commonly used as a preservative in food and beverages due to its antimicrobial properties. The price of benzoic acid is important because it directly impacts the cost of producing a wide range of products in industries such as food, cosmetics, pharmaceuticals, and manufacturing.

Fluctuations in its price can affect production costs for companies, influence the pricing of end products, and ultimately impact supply chains and consumer pricing in multiple sectors.

Benzoic Acid prices vary by region and delivery basis. Prices are typically quoted per metric ton and change based on supply, demand, feedstock costs, and production capacity. Price-Watchâ„¢ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

The market for benzoic acid has experienced moderate fluctuations in recent years, with prices influenced by feedstock costs, including toluene and xylene. Key factors such as demand from food, cosmetics, and pharmaceuticals, shifts in raw material availability, and environmental regulations play an important role.

Additionally, market dynamics such as global production capacity, trade policies, and regional supply-demand impact pricing. Increased demand from end-use industries, particularly from the food and beverage sector due to rising preservative requirements, often causes upward price pressure.

In contrast, global supply chain issues and lower production costs in certain regions can stabilize or lower prices.

The largest consumers of benzoic acid are industries involved in the production of plastics, pharmaceuticals, food and beverage products, and cosmetics. The food industry uses it as a preservative, while cosmetic manufacturers rely on it for fragrances and preservatives.

Pharmaceutical companies use benzoic acid for producing various drug formulations and intermediates. Additionally, plastics manufacturers incorporate benzoic acid as a precursor in plasticizers and other polymer formulations.

These industries collectively represent most of the global benzoic acid demand, with pricing trends directly impacted by their production needs and growth.

Benzoic acid is primarily produced through the oxidation of toluene, which is derived from petroleum or natural gas. Toluene undergoes a catalytic oxidation process to produce benzoic acid, making it widely available in regions with established petrochemical industries.

The production process is typically carried out in specialized chemical plants where toluene is processed at high temperatures and in the presence of oxygen to create benzoic acid. Alternative production methods, such as the oxidation of xylene, are also used but to a lesser extent.

Major producers of benzoic acid are located in regions with strong petrochemical industries, including North America, Europe, and Asia.

The largest exporters of benzoic acid include China, India, and the United States, all of which have well-established petrochemical industries and extensive production capacities. China is a dominant exporter, supplying a large portion of the global market due to its robust chemical manufacturing sector.

India also plays a significant role in exports, driven by the growth of its chemical industry. The United States, with its substantial toluene production and integrated petrochemical plants, is another key exporter, particularly to Europe and the Americas.

Export levels fluctuate based on regional supply demand balances and production costs. Price-Watchâ„¢ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Overall, there is sufficient production capacity to meet global demand for benzoic acid, though regional imbalances can occur. Periodic disruptions, such as feedstock shortages, supply chain interruptions, or unexpected surges in demand from the food, pharmaceutical, or cosmetic industries, may lead to temporary shortages.

Market fluctuations in raw material availability, such as changes in toluene supply, can also affect the overall supply of benzoic acid. However, global production remains relatively stable, with major manufacturers and suppliers in key regions maintaining adequate capacity to meet ongoing demand.

Price-Watchâ„¢ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Benzoic acid is available in various grades, including technical, food grade, and pharmaceutical grades. Industrial grade is commonly used for plastics and other polymer applications, and it has a lower purity compared to higher-grade options.

Food-grade benzoic acid must meet stringent standards for purity, as it is used as a preservative in food and beverages. Pharmaceutical-grade benzoic acid is highly refined and complies with strict regulatory standards for use in drug formulations.

Benzoic acid prices vary based on purity, application, and specific quality requirements. Higher-purity grades generally command a premium due to more rigorous production processes and quality control.

Price-Watchâ„¢ provides separate price assessments for different delivery bases and contract types to ensure market transparency.

When demand for benzoic acid rises suddenly, especially due to increased demand from sectors like food preservation, pharmaceuticals, or plasticizers, prices typically increase as suppliers respond to the surge.

The production process for benzoic acid, which relies on toluene as a feedstock, may face capacity limitations, making it harder to quickly ramp up supply. As a result, suppliers may prioritize long-term contract customers, leaving spot buyers to face higher prices or longer lead times.

In cases of sustained demand increases, manufacturers may increase production or expand capacities, though this takes time and investment. Price-Watchâ„¢ captures these market dynamics in real-time.

Energy prices significantly impact the cost of producing benzoic acid since its production process involves high temperatures and energy-intensive chemical reactions.

If energy costs rise, particularly for electricity and natural gas, the overall cost of producing benzoic acid increases, which can be passed on to customers in the form of higher prices.

Additionally, energy costs also influence the price of the raw material toluene, a by-product of petroleum, since extraction and transportation processes are also energy dependent. Therefore, fluctuations in global energy markets can cause noticeable shifts in benzoic acid pricing.

This is why prices track broader petrochemical feedstock trends and regional energy costs, a relationship that Price-Watchâ„¢ analyses in its price assessments & market reports.

Regional price differences for benzoic acid arise from a combination of factors, including local production capacities, feedstock availability, transportation and logistics costs, and supply-demand imbalances.

For instance, regions with high production capacity and ready access to toluene (such as Asia and North America) often see lower prices due to reduced logistical costs. Conversely, regions that rely heavily on imports may face higher prices due to shipping costs, import tariffs, and regional demand.

Additionally, local demand from industries like food, pharmaceuticals, and plastics can further affect pricing dynamics, as these sectors play a key role in regional consumption patterns. Price-Watchâ„¢ tracks prices across all major regions to highlight these differences.

The forecast for benzoic acid prices is expected to show moderate growth, influenced by consistent demand from industries like food preservation, pharmaceuticals, and plastics. While production capacities are generally sufficient to meet demand, potential volatility may arise from fluctuations in feedstock costs (such as toluene), energy prices, and regulatory changes.

Supply chain disruptions or geopolitical factors could also create temporary price hikes. However, overall, prices are anticipated to remain relatively stable in the medium term, with slight upward pressure from steady growth in global demand, particularly in emerging markets.

Price-Watchâ„¢ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate forecasting allows you to spend time your purchases better, negotiate contracts more effectively, and budget more accurately. If Price-Watchâ„¢ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Events like natural disasters, cracker or extraction unit accidents, feedstock supply disruptions, planned and unplanned cracker turnarounds, geopolitical tensions affecting crude oil and petrochemical markets, transportation and logistics disruptions, trade disputes, automotive industry strikes or production changes, or economic downturns affecting tire and automotive sectors can cause supply shortages and price spikes.

Hurricane impacts on U.S. Gulf Coast petrochemical facilities, major cracker outages in Asia or Europe, Middle East geopolitical tensions, automotive production shutdowns (as during COVID-19), and force majeure declarations at production facilities, for instance, have created significant market volatility. Price-Watchâ„¢ provides timely alerts when such events affect the market.

Price-Watchâ„¢ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Benzoic Acid industry, covering technical-grade specifications across multiple delivery bases and regional markets.

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