White Oil Prices, Trend, Historical & Forecast [Data]

The latest IMARC Group report, "White Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition," presents a detailed analysis of the White Oil Price Trend, offering key insights into global market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market. The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.

For strategic planning, the report provides White Oil price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trends, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.

Price of White Oil Second Quarter 2024:

United States: 1638 USD/MT
China: 929 USD/MT

Report Offering:

Monthly Updates: Annual Subscription
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The study examines the key factors driving White Oil price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analyzing these elements, the report offers valuable insights into the underlying causes of White Oil price fluctuations, helping businesses and investors understand market behavior more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the White Oil market and optimize future strategies.

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Key Highlights of the White Oil:

The expanding cosmetics and personal care industry is driving the demand for white oil. This is primarily attributed to the moisturizing properties and suitability for sensitive skin which is fueling the market growth. The rising consumer awareness of skin care and personal hygiene further boosts this demand. White oil is used across multiple industries, including cosmetics, pharmaceuticals, plastics, and food processing. Its odorless, colorless, and non-toxic properties make it ideal for personal care products like lotions and baby oils, as well as pharmaceuticals for ointments and laxatives. White oil is utilized as a plasticizer and lubricant in the production of polymers, enhancing the flexibility and durability of plastic products. The growth of the plastics industry, particularly in emerging markets, propels the white oil market. In the food industry, white oil is used as a lubricant for food-processing machinery and as a release agent in baking and confectionery, adhering to strict food safety standards. Improvements in refining processes have enhanced the quality and purity of white oil, expanding its application scope and market acceptance. Stringent regulations and quality standards, particularly in pharmaceuticals and food processing, ensure high demand for white oil that meets safety criteria.

Factors Influencing White Oil Price Trend Across Various Regions:

In North America

The white oil market overall witnessed a stable situation during the opening quarter of 2024. With weather conditions being challenging and logistical and transportation costs experiencing a hike, this translated into the prices of white oil. Moreover, demand for the product was also recorded to be strong as North America witnessed an early and heavy winter season which led to a strong demand from the downstream cosmetic industry. Moreover, the festive New Year season also forecasted positive transactions in the downstream skincare sector. Prices of white oil experiencing a hike were also attributed to the expensive imports arriving at the North American market due to disruptions being recorded in key waterways, namely the Suez and Panama Canal, which prompted freight charges to almost double.

In Asia

The white oil market witnessed an overall bearish trend as prices of the product slumped. The continued slump in the prices of the product was attributed to the low demand from the downstream lubrication industry as manufacturing activities continued to remain in contraction in China and improved only during March 2024. Automotive sales even though witnessed a surge in January 2024, later depreciated overall as the post-festive dullness continued to prevail across the Chinese market. Moreover, the demand from the construction sector was also recorded to be low as housing starts and house prices continued to decline throughout this quarter, leading to pushback of the construction materials.

In Europe

In Europe, the white oil market was recorded to be largely stable despite prices of crude oil increasing during the termination of the first quarter of 2024. The low demand from the downstream paints and coating sector continued to drive the European white oil market as the construction sector continued to remain mired in the downturn. This is largely indicated by declining permits and construction projects. Overall real estate firms remained downbeat throughout the rest year with outlook conditions being largely pessimistic. Overall investment sentiments remained historically negative with contractions witnessed in all segments of the construction sector, namely residential, commercial building, and civil engineering activities. However, during the middle of the first quarter, the European Polyurethane market received support from the demand side due to improvements in the demand from the importing British, Dutch, and Belgian markets where the construction sector improved.

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.