For the Quarter Ending March 2022
North America
In the first quarter of 2022, the Polyhydroxyalkonate (PHA) market in the North American region followed the uptrend owing to the hiked prices of raw materials. The ongoing stress between Russia and Ukraine has resulted in surge in the prices of all commodities including raw materials such as corn, vegetable oils and more. Polyhydroxyalkonate (PHA) properties, which are biodegradable and biocompatible, have driven the market sentiments of Polyhydroxyalkonate (PHA) in the North American market. Limited availability of container on the ports of US along with supply disruption have forced the manufacturers to increase the production cost of Polyhydroxyalkonate (PHA) in the North American region.
Asia Pacific
In the first quarter of 2022, the Polyhydroxyalkonate (PHA) market sentiments in the Asia Pacific region witnessed sporadic behaviour throughout the quarter. Countries like China had to impose lockdown after the Covid infection resulting in halt in the production of Polyhydroxyalkonate (PHA) in the domestic market. Sluggish demand from downstream sectors such as biodegradable coating, packaging and more impacted the prices of Polyhydroxyalkonate (PHA) in the Asian market. Port congestion and vessel shortage in the Asian region have led to hike in the production cost of Polyhydroxyalkonate (PHA). These facets have impacted the prices Polyhydroxyalkonate (PHA) in the European market.
Europe
During the first quarter of 2022, the market sentiments of Polyhydroxyalkonate (PHA) were observed to follow the uptrend throughout the quarter. The political tension between Russia and Ukraine negatively affected the prices of raw material leading to prices hike of Polyhydroxyalkonate (PHA) in the European market. Port congestion along with container shortage have affected the operational rate of Polyhydroxyalkonate (PHA), consequently impacting the prices of Polyhydroxyalkonate (PHA) in the European market.
For the Quarter Ending December 2021
North America
The Polyhydroxyalkonate (PHA) market in the North American region remained firm during the last quarter of 2021, despite the supply outlook improved compared to the third quarter the pressure remained in the availability of the raw materials. After the hurricane season, the operational rates at the production facilities were restored and the prices eased gradually in the US domestic market. Although the cost support from the raw material remained persistent against the robust demand and the imports were restricted from the Asia Pacific region due to the limited availability of freight vessels. As a ripple effect, the prices for Polyhydroxyalkonate in the US domestic market remained staggering upwards during the fourth quarter of 2021.
Asia Pacific
In the fourth quarter of 2021, the Polyhydroxyalkonate market sentiments in the Asia Pacific region observed mixed sentiments throughout the quarter, whereas the prices were remained buoyed in the Southeast Asian region. In Southeast Asia, this market movement is attributed to an unprecedented increase in energy, wages, and international freight costs. In the Northeast Asian region, the supply concerns were witnessed amidst the subdued production rates in the Chinese facilities due to the power rationing, although the operational rates were improved in the second half of the quarter. As a ripple effect, the discussion for Polyhydroxyalkonate was remained firm during the fourth quarter of 2021.
Europe
During the fourth quarter of 2021, the European Polyhydroxyalkonate market sentiments remained buoyed the quarter. This development is attributed to the ongoing electricity crisis which forced producers to reduce the operational rates at the manufacturing sites. In addition, the raw material prices soared drastically coupled with the high charges of freight vessels. The imported volumes were delayed amidst the congestion and limited availability of freight vessels in the Asia Pacific region. As a ripple effect, the Polyhydroxyalkonate offers eased in the European domestic market.
