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Sodium Formate Price Trend and Forecast

UNSPC code: 85151701
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026

sodium formate Price Trends by Country

usUnited States
cnChina
mxMexico
vnVietnam
inIndia
esSpain
twTaiwan
saSaudi Arabia

Global sodium formate Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Sodium Formate price assessment:

  • Industrial grade(98% min) FOB Shanghai, China
  • Industrial grade(98% min) CIF Manzanillo (China), Mexico
  • Industrial grade(97% min) FOB Jeddah, Saudi Arabia
  • Industrial grade(97% min) FOB Barcelona, Spain
  • Industrial grade(97%) FOB Kaohsiung, Taiwan
  • Industrial grade(97% min) CIF Houston (Spain), USA
  • Industrial grade(98% min) CIF Houston (China), USA
  • Industrial grade(98% min) CIF Haiphong (China), Vietnam
  • Industrial grade(98% min) CIF Nhava Sheva (China), India

Sodium Formate Price Trend Q3 2025

In the third quarter of 2025, prices for Sodium Formate decreased in several regions including China, Taiwan, Saudi Arabia, Spain, the USA, Vietnam, Mexico, and India. The declines in pricing came together with demand losses in significant end-use sectors such as leather goods, textiles, and chemicals, where manufacturing continues to slow.

Sodium Formate Price trends were further impacted by continuing supply chain disruptions, higher logistics costs, and inconsistent feedstock pricing. While imports in some regions remained stable, oversupplied markets were more problematic.

The price expectation moving into the fourth quarter of 2025 remains cautious or conservative, as prices could fluctuate without support from recovering industrial demand or alleviating supply chain conditions in key markets and sectors.

China

Sodium Formate Export prices FOB Shanghai, China, Grade- Industrial Grade (98% min).

During the third quarter of 2025, Sodium Formate prices in China decreased by 17.85%, following a decline of 4.55% in the second quarter. The downward sodium formate price trend in the third quarter was attributed to weak demand from the leather tanning and textile sectors and increased supply in the domestic market.

In addition, several producers ran operations at reduced levels due to maintenance and temporary shutdowns, resulting in supply volatility. Additionally, rising raw material prices, particularly for derivatives of formic acid, weighed heavily on overall market pricing.

Pricing levels for Sodium Formate in September 2025 were based on much lower than pricing levels previously established in the second quarter of 2025. The outlook for the fourth quarter of 2025 remains uncertain, and there is risk for additional decline in the next quarter, especially if demand does not materialize from the primary downstream sectors of usage.

Taiwan

Sodium Formate Export prices FOB Kaohsiung, Taiwan, Grade- Industrial Grade (97%).

In Q3 2025, Sodium Formate prices in Taiwan experienced a 19.13% decrease, building on a reduction of 3.47% in Q2. The declining Sodium Formate price trend in Taiwan was mostly conditioned by extremely weak demand from leather, textile, and chemicals production. Slow production and an accumulation of inventory in these areas created a lack of downstream orders.

Additional price pressure resulted from supply disruptions in China as well as escalating costs of freight and feedstock. While imports were generally consistent, the increased levels of oversupply found in the domestic market resulted in a more intense price pressure.

Sodium Formate prices in September 2025 were substantially lower than the prices observed in Q2. The market outlook for Q4 2025 is uncertain; recovery potential will depend on either improved industrial activity or stabilization of the oversupply situation.

Saudi Arabia

Sodium Formate Export prices FOB Jeddah, Saudi Arabia, Grade- Industrial Grade (97% min).

Sodium Formate prices in Saudi Arabia saw a decrease of 16.93%, following a negligible decline of 0.43% in Q2 2025. Sodium Formate price trend in Saudi Arabia was underpinning demand reduction from the leather and textile industry that selectively idled to align their productions seasonally and economically. In addition to demand-side effects, there has been oversupply from local and regional producers in the market, pressuring prices downward.

Rising transportation and logistics cost combined with volatility in crude derivatives used in feedstock were also a factor in pricing. The Sodium Formate price in September 2025 was significantly lower than it was in Q2 2025. The outlook for Q4 2025 is cautious, with trends potentially stabilising only alongside some recovery of industrial consumption and supply levels.

Spain

Sodium Formate Export prices FOB Barcelona, Spain, Grade- Industrial Grade (97% min).

In the third quarter of 2025, the Sodium Formate price in Spain fell significantly at 12.30%, following a reduction of 8.12% in the previous quarter. Sodium formate price trend in Spain reflected lackluster industrial use, especially in leather and textiles, which suffered a slowdown in production and decline in exports. In conjunction with oversupply from producers in Europe, this added downward price pressure.

Furthermore, an increase in logistic costs and sporadic supply burdens from China has also affected pricing. In September of 2025, Sodium Formate prices were lower when compared to prices from quarter two. Price stabilization is uncertain for Q4 of 2025, and any price stabilization will be dependent on recovery of European manufacturing and increased demand from downstream buyers.

USA

Sodium Formate Import prices CIF Houston, USA, Grade- Industrial Grade (97% min).

Sodium Formate price in the USA fell by 9.20% in Q3 2025, after a 6.40% decline in Q2. Weak demand from end-use sectors of leather, textiles, and chemicals facing production slowdowns and reduced consumption, have been the major driver for the sodium formate price trend in the USA. Although import volumes from Spain remained unchanged, rising freight and shipping costs due to global logistics issues continued to add pressure on pricing.

Additionally, currency fluctuations and rising feedstock costs contributed to the price decline. Sodium Formate prices in September 2025 were markedly lower than in Q2. The outlook in Q4 2025 is cautious, with any possibility of price stabilization driven by a resumption of industrial demand and upgrades in supply chains.

Vietnam

Sodium Formate Import prices CIF Haiphong, Vietnam, Grade- Industrial Grade (98% min).

In Q3 2025, Sodium Formate price in Vietnam reduced by 15.85% after a 4.63% reduction in the previous quarter. Sodium Formate price trend in Vietnam was affected by decreased demand from the leather, textile, and chemical industries, which all experienced reduced production and consumption as well as higher import prices from China due to higher freight prices.

The pricing remained under pressure from oversupply in the country market. The pricing of sodium formate was lower in September 2025 than in Q2. The outlook for Q4 2025 is cautious as availability stabilizes with improvement in industrial demand and import logistics.

Mexico

Sodium Formate Import prices CIF Manzanillo, Mexico, Grade- Industrial Grade (98% min).

Sodium Formates prices slipped down 15.62% in Quarter 3 2025, after a slight increase of 1.15% in Quarter 2. The downward trend in prices of Sodium Formate from Quarter 2 to Quarter 3 was primarily due to lessened consumption from construction, leather, and food processing companies, which slowed their operations during the quarter.

While Chinese Sodium Formate imports continued at a consistent volume, increased freight costs and reduced value of the Mexican Peso increased landed costs, contributing to price reductions. Sodium Formate Market price levels in September 2025 were markedly lower than Quarter 2 2025 levels.

The Sodium Formate market outlook for Quarter 4 2025 is uncertain, although there is potential for price adjustments both up and down, depending on the pace of demand growth from industrial customers and improvements in the supply chain.

India

Sodium Formate Import prices CIF Nhava Sheva, India, Grade- Industrial Grade (98% min).

According to Price-Watch, In Q3 2025, Sodium Formate prices in India decreased by 4.18%, following a -3.72% decline in Q2. The Sodium Formate price trend in India was influenced by a combination of weaker demand from key sectors such as textiles and automotive, which faced production slowdowns.

Additionally, Ex-Kandla Sodium Formate prices experienced a more significant drop of 8.51%, compared to a smaller -0.63% decrease in Q2. Rising logistics costs and fluctuating import prices from South Korea contributed to the price decline.

Sodium Formate prices in September 2025 were lower than in Q2, with both domestic and Ex-Kandla prices experiencing significant decreases. The outlook for the next quarter will depend on the recovery of demand from key industrial sectors and supply chain stabilization.

Sodium Formate Price Trend Analysis: Q2 2025

According to the PriceWatch, the Sodium Formate market in Q2 2025 saw price adjustments across various regions. In Saudi Arabia, prices decreased slightly by 0.43% to 340 USD per metric ton, driven by stable downstream demand from textiles and chemicals, though minor fluctuations in feedstock prices played a role.

In China, a more significant drop of 4.55% occurred, bringing prices down to 315 USD per metric ton, influenced by reduced demand from key CIF countries like Mexico, the USA, and Vietnam, along with volatile feedstock costs.

Spain also experienced a price decline of 8.12%, with prices falling to 318 USD per metric ton, largely due to sluggish demand from the USA, its primary CIF market. Taiwan saw a 3.47% decrease, with prices dropping to 325 USD per metric ton, as weaker demand from downstream industries led to a dip in the price trend. The overall market trend reflected adjustments across these regions, impacted by demand shifts and feedstock changes.

According to the PriceWatch, In Q2 2025, India’s CIF prices for Sodium Formate decreased to 373 USD per metric ton, a 2.29% decline from Q1 2025, which had already fallen by 9.38%. This reduction was driven by lower demand from India’s downstream industries, particularly in textiles and chemicals. The price trend for India shows this downward trend, reflecting reduced industrial activity in Q2.

Additionally, feedstock prices in China, India’s main supplier, remained stable with minor fluctuations, influencing the overall pricing. The price trend indicates a steady decline over the past two quarters. Despite this, the market remains competitive, and prices are expected to stabilize as demand recovers in the coming months. The decline in prices is expected to continue to be influenced by demand dynamics and feedstock price stability from

In Q1 2025, regional Sodium Formate markets moved in different directions amid changing seasonal and economic dynamics. Spain saw a steep 17.93% price drop to $346/MT, following winter demand declines and easing energy costs, which helped normalize local supply chains. China experienced a notable 10.11% decrease to $329/MT, largely due to post-holiday oversupply and sluggish demand recovery from key sectors like tanning and pharmaceuticals.

In contrast, Saudi Arabia recorded a mild 1.79% price increase to $341/MT, supported by stable domestic consumption and precautionary stockpiling amid uncertainty over future freight costs. The quarter highlighted diverging regional trends influenced by seasonality and trade flows.

In Q1 2025, Sodium Formate CIF Nhava Sheva prices dropped sharply by 9.38% to $381/MT, marking the most significant quarterly decline of the year. The fall was driven by oversupply in the Chinese domestic market following the Lunar New Year, coupled with subdued demand from global buyers. Chinese exporters, facing sluggish domestic consumption and aggressive competition, cut prices to maintain overseas market share.

For India, the decline was timely, helping cushion the impact of a depreciating Rupee. However, subdued demand from key end-use sectors in India, particularly leather and industrial chemicals, meant that the price drop had limited short-term market impact.

Sodium Formate Price Trend Analysis: Q4 2024

In Q4 2024, Sodium Formate prices exhibited mixed trends across regions, reflecting varying demand patterns and cost factors. In Saudi Arabia, prices saw a modest rise of 1.11% to $336/MT, driven by a rebound in industrial activity and ongoing freight challenges in the Red Sea, which kept logistics tight.

China experienced a similar increase of 1.43%, reaching $367/MT, supported by seasonal demand from the de-icing, leather, and textile industries, along with government-imposed production restrictions for environmental compliance. In Spain, prices surged by 12.85% to $422/MT, mainly due to rising energy costs in Europe and strong demand in the construction and chemical sectors.

In Q4 2024, Sodium Formate CIF Nhava Sheva prices increased marginally by 1.42% to $421/MT, as demand picked up ahead of year-end manufacturing cycles in India. Seasonal restocking by downstream industries, including de-icing chemicals and leather processing, placed slight upward pressure on import prices.

Chinese exporters also faced tighter environmental regulations ahead of winter, which temporarily constrained output and added to global price support. Despite relatively stable freight costs, the continued weakness of the Indian Rupee against the USD marginally increased landed prices for Indian buyers, making imports slightly more expensive even with modest international price increases.

In Q3 2024, the Chinese market has experienced a decline of 3.94%, while the MEA region followed a similar trend with a 6.84% drop. These decreases are attributed to declining demand and falling formic acid prices in the Asian region. In contrast, the European market is exhibiting stability, maintaining a balanced demand and supply equilibrium.

Q3 2024 saw a relatively stable pricing environment for Sodium Formate, with CIF Nhava Sheva prices easing only slightly by 0.86% to $415/MT. This near-flat movement reflects a market in balance, with adequate supply from China and muted seasonal demand in India. While global chemical markets experienced some volatility, stable freight rates and consistent output from Chinese producers prevented sharp price swings.

In India, buyers continued cautious procurement strategies, maintaining low inventory levels amid uncertain macroeconomic signals and fluctuating INR-USD exchange rates. The minimal price shifts this quarter indicated a wait-and-watch approach across both ends of the supply chain.

In Q2 of 2024, the Chinese market experienced an 8.87% decline due to falling exports, creating fluctuations that affected the broader Asian market. In the MEA region, prices dropped by 8.13%, driven by negative sentiments from ongoing trade route disruptions and cargo attacks. Conversely, the European region saw a modest 1.38% increase, spurred by rising demand from the textile sector, which contributed to a slight market share growth.

In Q2 2024, Sodium Formate prices CIF Nhava Sheva dropped by 7.17% to $418/MT, as Chinese suppliers adjusted prices in response to easing feedstock costs and declining global demand. The price correction was also influenced by improved vessel availability and freight normalization, which brought down overall shipping costs.

Indian importers benefited from the reduced international pricing, though the impact was slightly offset by currency volatility. Lower demand from India’s downstream sectors, such as leather and pharmaceuticals during the early monsoon buildup, also contributed to reduced procurement activity, aligning with the broader downtrend in global chemical consumption during the quarter.

In Q1 of 2024, Sodium Formate prices declined globally, largely due to trade route disruptions and rising geopolitical tensions in the Middle East, including increasing attacks on cargo vessels in the Red Sea by Houthi rebels. The Asian market remained flat, while Europe experienced a more significant drop of 8.80%, and the Middle East recorded a decline of 6.85%. These shifts highlight the ongoing impact of geopolitical instability on market dynamics and pricing trends.

In Q1 2024, Sodium Formate prices imported from China to India increased by 4.47% to $451/MT, driven by higher upstream raw material costs and a surge in demand from Indian buyers following the depletion of year-end inventories. Additionally, slight congestion at Chinese ports and rising container freight rates further pushed up costs.

As the Indian market relies heavily on Chinese imports for this commodity, the impact was more pronounced due to a slight depreciation of the INR against the USD, which further raised landed prices. Strong demand from India’s leather processing and de-icing chemical sectors also helped sustain the elevated import prices during this quarter.

Technical Specifications of Sodium Formate Price Trends

Product Description

Sodium Formate (HCOONa) is a key industrial chemical used in textiles, leather processing, and as a precursor to formic acid. It is mainly produced by reacting Sodium hydroxide with Formic acid, which is derived from methanol sourced from natural gas or petroleum. Sodium Formate serves as both a buffering agent and reducing agent in a variety of applications.

Identifiers and Classification:

  • CAS No – 141-53-7
  • HS Code – 29151210
  • Molecular Formula – HCOONa
  • Molecular Weight (in gm/mol) – 68.01


Sodium Formate Synonyms:

  • Sodium Methanoate


Sodium Format Grades Specific Price Assessment:

  • Sodium Formate Industrial grade (98% min), Industrial Grade (97% min), Industrial Grade (97% min), Industrial Grade (97%) Price Trend


Sodium Formate Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-28 MT
  • Packaging Type (Product & Country Specific): 25 Kg Bag


Incoterms Referenced in Sodium Formate Price Reporting

Shipping Term  Location  Definition 
FOB China  Shanghai, China  Sodium Formate Export price from China 
FOB Taiwan  Kaohsiung, Taiwan  Sodium Formate Export price from Taiwan 
FOB Saudi Arabia  Jeddah, Saudi Arabia  Sodium Formate Export price from Saudi Arabia 
FOB Taiwan  Barcelona, Spain  Sodium Formate Export price from Spain 
CIF Houston (Spain)  Houston, USA  Sodium Formate Import price in USA from Spain 
CIF Manzanillo (China)  Manzanillo, Mexico  Sodium Formate Import price in Mexico from China 
CIF Houston (China)  Houston, USA  Sodium Formate Import price in USA from China 
CIF Haiphong (China)  Haiphong, Vietnam  Sodium Formate Import price in Vietnam from China 
CIF Nhava Sheva (China)  Nhava Sheva, India  Sodium Formate Import price in India from China 

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

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

Key Sodium Formate Manufacturers

Manufacturer 
LCY Chemical 
Perstorp Chemical 
Ercros Chemical 
Chemanol Chemical 
Shuntong Chemicals 
Zibo Koyon Chemical Technology Co 
Fengchen Group 

Sodium Formate Industrial Applications

sodium formate market share end use

Historically, several events have caused significant fluctuations in Sodium Formate prices

  • 2023 Geopolitical Conflicts: Ongoing conflicts and trade route disruptions, especially related to Middle Eastern tensions, further impacted supply and pricing dynamics.
  • Global Recovery and Demand Surge (2021-2022): Post-pandemic recovery in various sectors, particularly textiles and pharmaceuticals, drove up demand, leading to significant price increase.
  • COVID-19 Pandemic (2020): The pandemic caused widespread supply chain disruptions, resulting in both shortages and increased prices as demand fluctuated across industries.

 

These events underscore the Sodium Formate market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why PriceWatch?

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

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

Track PriceWatch's sodium formate 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.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Sodium Formate production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
  • Supply Chain Monitoring: We track the entire Sodium Formate supply chain, from raw material availability (e.g., naphtha, ethane) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Sodium Formate prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Sodium Formate production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Sodium Formate demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Sodium Formate production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Sodium Formate production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Sodium Formate pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Sodium Formate prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Sodium Formate pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Sodium Formate Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for sodium formate. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of Sodium Formate is influenced by several key factors, including raw material costs, production methods, supply chain logistics, and demand in various industries such as textiles, leather tanning, and food processing. Additionally, fluctuations in global market trends and geopolitical factors can also impact pricing. For procurement heads, understanding these variables can help in budgeting and forecasting expenses related to Sodium Formate purchases.

Key quality standards for Sodium Formate typically include specifications for purity (usually above 96%), moisture content, and the presence of impurities. Suppliers should provide a Certificate of Analysis (COA) to confirm that their product meets industry standards, especially for applications in textiles, leather, and food processing. Ensuring compliance with these standards is crucial for maintaining product performance.

To ensure a consistent supply of Sodium Formate, procurement heads should establish long-term contracts with reliable suppliers, maintain open communication, and monitor inventory levels regularly. Diversifying suppliers can also mitigate supply chain risks.

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