For the Quarter Ending June 2025
Asia-Pacific (APAC)
• Tetra Potassium Pyrophosphate (TKPP) Price Index in APAC rose by 3% at the start of Q3 2025, reaching USD 1,550/MT FOB Shanghai. The price increase was driven by constrained feedstock Phosphoric Acid supply and elevated production costs, as sustained high phosphate rock prices and robust agrochemical demand pushed upstream input costs higher. Concurrently, peak agricultural activity and expanding pharmaceutical applications underpinned firm demand, reinforcing bullish market sentiment through late April.
• Why did the price of TKPP change in July 2025 in China? In early July 2025, the Price Index climbed, supported by constrained feedstock availability, strong fertilizer demand during the spring planting season, and growing usage in the pharmaceutical sector. TKPP’s high solubility and nutrient value made it a preferred input in precision farming, while its stabilizing properties gained traction in biopharmaceutical formulations.
• The TKPP Price Forecast for Q3 began with an upward bias, as tightening feedstock supply and robust agri-pharma demand were expected to maintain pricing pressure, despite uncertainties tied to export tariffs and evolving trade policies.
• The TKPP Production Cost Trend rose notably in April, underpinned by high phosphate raw material costs and elevated Phosphoric Acid prices. Production remained moderate due to limited feedstock availability, while increasing energy and transport expenses added further pressure to cost structures.
• TKPP Demand Outlook in April was bullish, driven by strong uptake from the agrochemical sector during the planting season and steady expansion in pharmaceutical use. TKPP’s role as a buffering agent and stabilizer in drug formulations aligned with rising healthcare demand, especially amid China’s push for advanced biopharma development.
• Export momentum was strong, with China’s TKPP exports increasing 8.1% year-on-year. Southeast Asian buyers continued to rely on Chinese supply, while exporters accelerated shipments to the U.S. in anticipation of potential tariff reinstatements, contributing to sustained outbound volumes.
• Domestic procurement in China was solid across agricultural hubs and pharmaceutical corridors, bolstered by infrastructure-led farm input demand and continued growth in life sciences. The steady drawdown of inventories and strategic restocking supported consistent offtake across regions.
North America
• Tetra Potassium Pyrophosphate (TKPP) Price Index in North America rose by 2.2% quarter-on-quarter, reaching USD 1,735/MT CFR Los Angeles by the end of early Q3 2025. Prices climbed in April amid tight feedstock availability and rising Phosphoric Acid costs, then remained firm through May due to elevated freight expenses and import-related regulatory pressures. While June saw slight softening in upstream costs, persistent logistical disruptions, tariff concerns, and steady downstream demand upheld price levels across the quarter.
• Why did the price of TKPP change in July 2025 in the U.S.? In early July 2025, the Price Index held steady, supported by sustained demand from the food and personal care sectors. Although upstream cost pressure eased, ongoing logistical constraints, tariff anxiety, and firm consumption in value-added formulations helped stabilize prices. Agricultural demand remained tepid, but overall consumption trends supported a floor under price declines.
• According to the TKPP Price Forecast, prices are projected to remain rangebound through mid-Q3 2025. While subdued agricultural uptake and easing feedstock prices may limit upside, persistent freight costs, regulatory friction, and steady downstream demand in food processing and industrial cleaning could offer mild upward support.
• The TKPP Production Cost Trend in early Q3 2025 declined moderately as feedstock Phosphoric Acid prices softened on the back of weak global fertilizer demand and sufficient phosphorus supply. However, this cost relief was partly offset by elevated shipping costs due to persistent port congestion, freight rerouting via the Cape of Good Hope, and higher compliance burdens following the suspension of the de minimis exemption. Chinese producers maintained stable output throughout the quarter, ensuring a steady export flow.
• The TKPP Demand Outlook was stable-to-moderately soft across early Q3. In agriculture, seasonal momentum was subdued by tariff concerns and input cost volatility, while demand in pharmaceuticals and personal care remained firm, supported by formulation consistency requirements and growing interest in value-oriented product lines. In the food sector, consistent consumption across processed meat, dairy, and convenience categories upheld baseline demand.
• U.S. imports showed resilience in early Q3 2025, with container volumes rising 1.8% in June. Major West Coast ports—including Los Angeles, Long Beach, and Tacoma—reported increased throughput, which helped sustain supply continuity despite ongoing global shipping disruptions and rerouting caused by Red Sea and Hormuz Strait tensions. The 90-day tariff reprieve provided partial relief but did little to fully restore importer confidence.
• Chinese producers upheld stable operating rates throughout early Q3, with TKPP exports increasing 8.1% year-on-year as overseas buyers accelerated shipments ahead of potential U.S. tariff reimpositions. Despite cost relief in May and June from declining Phosphoric Acid prices, earlier pricing pressure, regulatory shifts, and holiday-induced port congestion contributed to uneven booking patterns and kept global trade flows under persistent strain.
Europe
• Tetra Potassium Pyrophosphate (TKPP) market conditions in Europe remained mixed through early Q3 2025, with early-quarter bullishness driven by rising upstream costs and firm demand across food, pharmaceutical, and cleaning product segments. While the market saw pressure from energy cost fluctuations and supply chain bottlenecks in April, conditions stabilized toward June amid improved logistics, reduced feedstock prices, and subdued seasonal demand in agriculture. Overall sentiment remained cautious as geopolitical tensions and regulatory shifts continued to influence trade dynamics and import behavior.
• Why did the TKPP market trend shift in July 2025 in Europe? In early July 2025, the market maintained relative stability, supported by consistent demand from industrial and consumer sectors. Food-grade applications and pharmaceutical formulations continued to drive baseline consumption. Meanwhile, improved logistics and lower upstream costs from Asia helped alleviate some of the earlier supply-side stress, though demand remained seasonally subdued in agriculture and construction-related industries.
• According to the TKPP Market Outlook, conditions in early Q3 are expected to remain stable, with possible upside driven by restocking activity ahead of late-summer production cycles in food and cleaning sectors. While softer Phosphoric Acid costs and improved shipping reliability may reduce input pressure, persistent macroeconomic uncertainty, energy volatility, and cautious downstream buying may cap aggressive market movement.
• The TKPP Production Cost Trend in Europe softened slightly across early Q3 2025. Declining Phosphoric Acid and phosphate rock prices in global markets, coupled with steady energy supply in Western Europe, helped reduce cost burdens for regional manufacturers. However, inland freight disruptions, high warehouse rates, and inflationary pressures on labor and utilities limited the extent of downstream cost relief.
• TKPP Demand Outlook across Europe was stable but uneven. Food processing and dairy industries sustained regular procurement due to the compound’s function as a sequestrant and stabilizer. The pharmaceutical sector showed steady interest amid growing focus on formulation efficiency and compliance with updated EU regulations. However, demand from agriculture and industrial cleaning was seasonally weaker, impacted by delayed planting, inflation-led budget constraints, and subdued construction sector activity.
• Import trends in Europe showed improvement toward the end of Q2, as vessel availability normalized and congestion at major entry ports such as Rotterdam, Hamburg, and Antwerp eased. While early-quarter shipments were affected by Red Sea route disruptions and freight delays, late-June arrivals improved as carriers adjusted sailings and schedules. Importers remained cautious amid ongoing discussions around tariff alignment and customs harmonization within the bloc.
• Export sentiment from Asian suppliers to Europe remained firm through Q2. Chinese producers continued to prioritize shipments to high-demand regions like Western and Northern Europe, driven by resilient offtake in food and pharmaceutical sectors. However, exporters faced challenges from EU regulatory changes, including revised chemical classification protocols and tightening import documentation standards, which introduced delays and raised administrative costs for consignments headed to the continent.
For the Quarter Ending March 2025
North America
In Q1 2025, the price trend for Tetra Potassium Pyrophosphate (TKPP) in North America demonstrated a gradual upward trajectory, supported by multiple factors. Production rates remained moderate due to a contraction in the manufacturing sector and limited feedstock availability, particularly Phosphoric Acid. This, coupled with rising costs for Potassium Carbonate, contributed to higher upstream costs.
Despite these challenges, exports from Asia remained strong, with a significant year-on-year increase, largely driven by strategic stockpiling in the U.S. ahead of anticipated tariff hikes. The demand for TKPP in North America was primarily driven by steady growth in the cosmetics and pharmaceutical sectors. In cosmetics, demand was bolstered by the rise of eco-friendly products and e-commerce, while in pharmaceuticals, increased investments in domestic manufacturing sustained the need for TKPP in drug formulations.
However, supply chain disruptions, including port congestion and fluctuating freight rates, led to caution among buyers. Despite market volatility and shifting trade policies, the overall demand for TKPP remained stable throughout the quarter, with the pharmaceutical sector seeing steady growth.
APAC
During the first quarter of 2025, the price trend of Tetra Potassium Pyrophosphate (TKPP) in the Asian region exhibited a slight upward trajectory. At the beginning of the quarter, prices rose marginally, driven by higher feedstock costs, particularly for Potassium Carbonate, and a strong export performance. The cosmetics and pharmaceutical sectors, especially online beauty sales and drug innovation, contributed to this demand. In mid-Q1, the price continued to rise as manufacturing activity rebounded, although export growth slowed due to ongoing trade tensions and new tariffs imposed by the U.S. This geopolitical uncertainty affected global trade, impacting both production and exports. Towards the end of the quarter, the price trend remained positive, although challenges persisted, such as limited feedstock supplies and shipping disruptions. Despite these hurdles, demand surged ahead of China’s spring planting season, bolstering the agricultural sector’s need for TKPP. Overall, while supply chain constraints and global trade tensions created headwinds, demand in key sectors like cosmetics, pharmaceuticals, and agriculture supported a stable price trend throughout the quarter.
Europe
In Q1 2025, the price trend for Tetra Potassium Pyrophosphate (TKPP) in Europe exhibited a steady upward momentum, influenced by constrained feedstock supply and persistent upstream cost pressures. Production in key exporting nations such as China remained moderate due to the limited availability of Phosphoric Acid and tight phosphate markets, while logistical disruptions—especially port congestion and fluctuating freight rates—impacted the overall supply chain. Meanwhile, European demand across downstream industries showed resilience. The cosmetics and personal care sector continued its positive trajectory, led by a strong Q4 2024 performance and steady growth into Q1 2025, with Western Europe outpacing Eastern regions. Despite macroeconomic headwinds, rising interest in premium, sustainable products, maintained consistent demand for TKPP. In the pharmaceutical sector, the introduction of the Critical Medicines Act marked a turning point for domestic drug manufacturing, supporting long-term demand for excipients like TKPP. Regulatory incentives, increased investments, and a focus on supply chain security contributed to sustained activity in pharmaceutical production. Overall, stable demand from the cosmetics and pharmaceutical sectors, combined with a tight supply environment, upheld firm pricing and signaled a cautiously optimistic market outlook for TKPP in Europe.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, the price of Tetra potassium pyrophosphate (TKPP) decreased by 2% compared to the previous quarter. This decline resulted from the availability of previous stocks and weak demand from key sectors like agriculture, which showed cautious purchasing behavior amid market uncertainties.
The production rates remained steady, driven by moderate feedstock Phosphoric Acid availability, despite weak Phosphate Rock supplies. The U.S. market experienced an increase in TKPP imports due to concerns over potential port strikes and upcoming tariff changes, prompting stockpiling by U.S. manufacturers.
Although the agricultural sector showed conservative purchasing activity, the cosmetics sector saw growth, fueled by strong holiday season e-commerce performance and rising demand for premium products. Online sales surged, and mobile shopping played a key role in driving demand. While the overall market faced downward pressure due to supply constraints and weak agricultural demand, the cosmetics sector exhibited resilience, supporting some stability in TKPP prices. The mixed market dynamics resulted in a 2% price decrease during the quarter.
APAC
In the fourth quarter of 2024, Tetra potassium pyrophosphate (TKPP) prices experienced a 1% increase from the previous quarter. This uptick in prices was driven by steady demand across key sectors, particularly agriculture, where TKPP plays a crucial role in pesticide production. The cosmetics sector also contributed to stable demand, with moderate growth supported by strong retail sales. However, production was affected by a limited supply of feedstock Phosphoric Acid due to disruptions in upstream supply, including weaker availability of Phosphate Rock. While these challenges led to some supply tightness, they did not cause significant price volatility. The market also faced logistical disruptions as China approached the Lunar New Year, which is typically marked by factory closures and reduced production rates. Despite these hurdles, the overall supply chain remained resilient, and importers maintained moderate demand for TKPP. Moving into 2025, prices are expected to experience gradual increases, driven by ongoing demand in the agricultural and cosmetics sectors, coupled with supply constraints and rising energy costs that are influencing production expenses.
Europe
Like the North American region, Q4 2024, the price of Tetra potassium Pyrophosphate (TKPP) in Europe experienced a decrease compared to the previous quarter. This decline was driven by the availability of previous stock and weak demand from key sectors such as agriculture, where cautious purchasing behavior prevailed amid market uncertainties. The production rates remained stable in the exporting country, supported by moderate feedstock availability, despite some supply challenges. The European market saw an increase in TKPP imports due to concerns about potential disruptions and upcoming tariff changes, prompting some stockpiling by manufacturers. While the agricultural sector displayed conservative buying trends, the cosmetics sector experienced growth, bolstered by strong holiday season performance and increased demand for premium products. Despite the overall market facing downward pressure from supply constraints and subdued agricultural demand, the cosmetics sector showed resilience, helping maintain some stability in TKPP prices. These mixed market dynamics contributed to a slight decrease in prices during the final quarter of the year.
For the Quarter Ending September 2024
North America
In Q3 2024, the Tetra potassium Pyrophosphate (TKPP) price trend shifted movement in the North American region, showcasing moderate sentiments in the market. At the beginning of the quarter, prices witnessed an increase, driven by a combination of factors influencing the market dynamics. Primarily, there was a notable increase in demand from the pharmaceutical and food sectors, driven by significant investments and advancements in healthcare technologies. However, the supply side faced challenges due to disruptions in feedstock availability, particularly phosphoric acid, stemming from sluggish imports and logistical constraints.
In the middle of the third quarter, TKPP imports were affected due to hurricanes in the region contributed to the overall bullish market sentiment, highlighting a stable and robust pricing landscape for TKPP in the region. The offtakes were moderate, and market players again raised their quotations.
However, towards the end of Q3, the TKPP price trend shifted, and market players negatively revised the quotations due to reduced offtakes from the market as TKPP demand was stable in the Pharma sector. At the same time, the manufacturing and export rates were firm in the Asian Tetra potassium pyrophosphate exporter China, which raised the domestic inventory levels.
APAC
Like the North American region, the Tetra potassium Pyrophosphate (TKPP) price trend in the APAC region has been characterized by a fluctuating pricing environment. Initially, the quarter witnessed a slight decline as the production rates were firm, and cost support eased amid a decline in feedstock Phosphoric Acid prices due to a decrease in demand from fertilizer manufacturers driven by reduced consumption. Production rates initially remained moderate but later were hampered by weak phosphoric acid supplies, leading to robust cost support during the mid-quarter. The demand from the food sector was firm, exacerbated by weather-related disruptions that raised farm produce prices. Overall, the market trend was bullish, with low to moderate supply levels and moderate to high demand. Towards the end of the quarter, the TKPP price trend shifted movement, and prices witnessed a decline due to improved inventory levels in the region due to increased inventory levels and moderate offtakes from the textile sector. At the same time, the demand was sluggish from the food sector, which raised the market inventory levels, and market players negatively revised their quotations to improve offtakes.
Europe
In Q3, the Tetra potassium Pyrophosphate (TKPP) market in the European region has been characterized by a fluctuating pricing environment. At the beginning of the quarter, prices showcased an upward movement, as the demand was firm from the key downstream pharma sector, while the manufacturing activities were low amid labor shortages during summer holidays in the region. Reduced production with a consistent decline in the Eurozone Manufacturing PMI Index resulted in low supplies to the market and stressed the inventory levels amid firm offtakes. Supply-side dynamics also played a role, as supply availability was moderately low during the summer holidays creating imbalanced demand-supply dynamics. Yet demand failed to match this increase, which negatively TKPP consumption amid changes in global fertilizer demand. Seasonality played a role as summer holidays resulted in labor shortages and reduced manufacturing rates, impacting supply chains resulting in decreased supplies from exporters and stressed inventory levels in the market amid moderate consumption of TKPP in the regional agriculture sector.
Frequently Asked Questions (FAQs):
1. What is the current price of TKPP in APAC?
By the end of Q1 2025, TKPP prices in China stood at approximately USD 1550/MT FOB Shanghai.
2. What is the current price of TKPP in North America?
By the end of Q1 2025, TKPP prices in the USA stood at approximately USD 1690/MT CFR Los Angeles.
3. Why did TKPP prices change in July 2025?
o APAC: Prices likely increased slightly, as constrained feedstock supply and elevated phosphate input costs coincided with strong seasonal demand in agrochemicals and expanding pharmaceutical applications, reinforcing upward pricing momentum.
o North America: Prices likely stabilized, as firm demand from food, pharmaceutical, and personal care sectors offset the easing upstream Phosphoric Acid cost pressure. Lingering logistical constraints and tariff-related concerns continued to influence supply chain behavior.
o Europe: Prices likely stabilized slightly, as improved logistics and softening feedstock prices helped balance earlier cost pressures. Stable consumption in food and pharma sectors persisted, though subdued agricultural demand and cautious industrial restocking tempered further gains.
