Glucosamine Price Trend and Forecast

The 4th quarter of 2022 saw a continuation of the decline in Glucosamine Price as a result of persistent market volatility in the U.S; FOB New Jersey prices fell from $10200/mt to $9850/mt from October to December. Imports from China were capped during the first week of October due to the Golden Week holiday. To meet the demand, several domestic merchants had to increase their price offers. Offtakes in the end-user industries were consistent throughout the quarter in terms of demand. Supply chains were in danger for most of the quarter because of China's Covid lockdowns, Russia's turmoil in Ukraine, rising U.S. inflation, and extreme weather. However, the second half of 2022 saw a steady improvement in the U.S. supply chain as the economy began to grow, and the ports saw a considerable reduction in ship backlogs after a protracted port backlog.

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