For the Quarter Ending September 2025
North America
• In United States, the Azelaic Acid Price Index fell quarter-over-quarter in Q3 2025, due to softened oleic acid feedstock costs.
• Azelaic Acid production costs faced upward pressure from a 2.6% PPI increase in August 2025, despite softening oleic acid.
• Demand for Azelaic Acid in personal care strengthened in Q3 2025, supported by 5.42% retail sales growth in September.
• Industrial demand for Azelaic Acid remained weak in Q3 2025, reflecting 0.1% year-over-year industrial production stagnation.
• Consumer spending on non-essentials was challenged by a 3.0% CPI year-over-year in September 2025 and declining confidence.
• Manufacturing inventories continued to shrink in Q3 2025, with oleic acid imports tempering broader sector buying.
• Natural gas prices saw an overall uptick in Q3 2025, impacting production costs, though easing in September.
• The Beauty/Personal Care sector experienced accelerated sales growth in Q3 2025, boosting Azelaic Acid demand.
• Azelaic Acid price trends are expected to remain sensitive to feedstock costs and varied end-use sector performance.
Why did the price of Azelaic Acid change in September 2025 in North America?
• Oleic acid feedstock costs softened in Q3 2025.
• Retail sales grew 5.42% in September 2025, boosting personal care demand.
• Industrial production stagnated at 0.1% year-over-year in September 2025.
APAC
• In China, the Azelaic Acid Price Index fell quarter-over-quarter in Q3 2025, influenced by declining producer prices.
• Azelaic Acid production costs rose in Q3 2025 due to increasing oleic acid feedstock prices through September.
• Demand for Azelaic Acid was mixed, with a contracting Manufacturing Index in September 2025 impacting industrial consumption.
• The Azelaic Acid Price Index faced downward pressure from -2.3% PPI and -0.3% CPI declines in September 2025.
• Cosmetics market recovery in Q3 2025 supported Azelaic Acid demand, despite consumer confidence at 89.6 in September 2025.
• Elevated market inventories in China contributed to dampened prices for some plastics in Q3 2025.
• Industrial production expanded by 6.5% year-on-year in September 2025, offering some underlying demand support.
• Retail sales increased 3.0% and unemployment was 5.2% in September 2025, supporting overall consumer spending.
Why did the price of Azelaic Acid change in September 2025 in APAC?
• Declining PPI of -2.3% and CPI of -0.3% in September 2025 indicated weak demand.
• Rising oleic acid feedstock prices through September 2025 increased Azelaic Acid production costs.
• A contracting Manufacturing Index in September 2025 suggested reduced industrial activity.
Europe
• In Germany, the Azelaic Acid Price Index rose quarter-over-quarter in Q3 2025, driven by elevated production costs.
• Azelaic Acid production costs strengthened in Q3 2025, influenced by rising oleic acid feedstock and elevated energy prices.
• Demand for Azelaic Acid in cosmetics and bio-based lubricants strengthened in Q3 2025, reflecting consumer and regulatory trends.
• Germany's Manufacturing Index was contracting in Q3 2025, indicating a slowdown in industrial demand for Azelaic Acid.
• Industrial production declined by 1.0% year-over-year in September 2025, impacting Azelaic Acid consumption in industrial applications.
• Retail sales increased by 0.2% year-over-year in September 2025, providing some support for Azelaic Acid demand in consumer goods.
• Tight inventory strategies and low capacity utilization affected Azelaic Acid supply dynamics in Germany during Q3 2025.
• The Azelaic Acid Price Forecast indicates continued upward pressure from feedstock and energy costs, despite mixed demand signals.
Why did the price of Azelaic Acid change in September 2025 in Europe?
• Azelaic Acid production costs rose due to strengthened oleic acid feedstock and elevated natural gas prices in Q3 2025.
• The Consumer Price Index increased by 2.4% year-over-year in September 2025, contributing to higher operational expenses.
• Producer prices for industrial products decreased by 1.7% year-over-year in September 2025, partially offsetting cost pressures.
