# Propionic Acid Prices, Trend, News, Monitor, Supply & Demand, Forecast | ChemAnalyst
According to the ChemAnalyst, “In Q4 2023, the North American propionic acid market witnessed a downward [[propionic acid prices](https://www.chemanalyst.com/Pricing-data/propionic-acid-1184)](https://) trend, concluding the quarter approximately 5-10% lower than Q3. This decline followed a period of stability earlier in the year.”
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Propionic acid prices have experienced fluctuations influenced by several factors in recent years. As a key chemical compound used in various industries, including food preservation, agriculture, and pharmaceuticals, propionic acid demand is subject to shifts in market dynamics. The pricing of propionic acid is intricately linked to the availability of raw materials, particularly propylene and acetic acid, which are essential in its production process. Additionally, market demand for propionic acid derivatives, such as calcium and sodium propionates, can impact its pricing trends. Economic conditions, geopolitical events, and regulatory changes also play significant roles in shaping propionic acid prices. For instance, disruptions in the supply chain due to natural disasters or geopolitical tensions can lead to supply shortages, causing prices to rise. Conversely, advancements in production technologies or increased competition among manufacturers may exert downward pressure on prices. Moreover, environmental regulations governing chemical manufacturing processes can influence production costs, subsequently affecting pricing dynamics. The interplay of these factors underscores the complexity of propionic acid pricing and highlights the importance of market analysis and strategic planning for stakeholders across various industries reliant on this chemical compound.