Cosmetics and Detergents | Market report preview 04.2023

THE MOST UPDATED FINANCIAL PUBLICATION ON THE WORLD OF CHEMISTRY
MARKET REPORT
COSMETICS & DETERGENTS
APRIL 2023

What’s going on in the market?
BUTYLENGLYCOL
Caprylic/Capric Triglyceride is a glycerine triester with C8-
C10 acids, which are obtained from the fractionation of
coconut or palm oil.
In 2022 the price has more than tripled due to the lack
of short and medium chain fatty acids. In addition, in
the countries of origin, palm and coconut oil has been
subject to export rationing policies to encourage domestic
consumption. In fact, these oils are also widely used in the
food sector.
At the moment the demand is very poor, but we are
expecting a market reaction: this ester is used in almost all
the cosmetic division.
CAPRIC CAPRYLIC TRIGLYCERIDE
Caprylic/Capric Triglyceride is a glycerine triester with C8-
C10 acids, which are obtained from the fractionation of
coconut or palm oil.
In 2022 the price has more than tripled due to the lack
of short and medium chain fatty acids. In addition, in
the countries of origin, palm and coconut oil has been
subject to export rationing policies to encourage domestic
consumption. In fact, these oils are also widely used in the
food sector.
At the moment the demand is very poor, but we are
expecting a market reaction: this ester is used in almost all
the cosmetic division.
3

ECONOMIC INSIGHTS
In partnership with USI, Università della Svizzera Italiana
Persisting bottlenecks affecting global
value chains together with rising energy
prices contributed to an increase
in average price levels. Moreover,
economic uncertainties related to the
Russian invasion of Ukraine have
exacerbated the precariousness of a
stable recovery triggering global ripple
effects through commodity markets,
trade, financial flows, and displaced
people. In the last quarter of 2022, the
average inflation rate among OECD
countries was 1.52% relative to the
previous quarter, and 10.13% relative
to the previous year. Switzerland
and China stand out as (relatively)
low inflation countries. The OECD
economic outlook expects annual
inflation to decrease sharply in the
coming quarters, due to the tightening
of monetary policy by the ECB
and the Fed. The OECD economic
outlook expects annual inflation of
OECD countries to gradually decline
throughout 2023, reaching 5.5%
towards the end of the year, and to
decrease to 5% by the end of 2024.
8

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