World - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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Citric acid market: read recently published statistics empowered by an Ai-driven BI platform. Info include production, imports, companies, consumption, market prices, exports, trade, and market size. There is a breakdown by country, including the U.K., China, Africa, the U.S., the Middle East, EU, Latin America, and Russia. Market dynamics and outlook to 2030 are also provided in the snapshots.
Citric Acid - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | India |
| 3 | China |
| 4 | Japan |
| 5 | Brazil |
In value terms, the United States, India and China constituted the countries with the highest levels of market value in 2020, with a combined 51% share of the global market. Japan, Brazil, Germany, Italy, Thailand, Mexico, the Netherlands, Poland, Russia and Turkey lagged somewhat behind, together comprising a further 26%.
The Netherlands saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while citric acid market for the other global leaders experienced more modest paces of growth.
Citric Acid Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 861 | 665 | 636 | -14.1% |
| Thailand | 1142 | 1227 | 1048 | -4.2% |
| Colombia | 1325 | 1185 | 1071 | -10.1% |
| Canada | 1548 | 996 | 1112 | -15.2% |
| Belgium | 1264 | 1183 | 1192 | -2.9% |
| Netherlands | 1356 | 1476 | 1799 | 15.2% |
| Germany | 2400 | 2324 | 2405 | 0.1% |
| Average | 1147 | 970 | 934 | -9.8% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($2,405 per ton), while China ($636 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced mixed trends in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| France | 1309 | 1275 | 1275 | -1.3% |
| United States | 1573 | 1473 | 1263 | -10.4% |
| United Kingdom | 1307 | 1220 | 1247 | -2.3% |
| Italy | 1231 | 1146 | 1146 | -3.5% |
| Mexico | 1043 | 992 | 1082 | 1.9% |
| Germany | 1111 | 1055 | 1057 | -2.5% |
| Belgium | 1156 | 1031 | 1042 | -5.1% |
| Japan | 991 | 923 | 1039 | 2.4% |
| Netherlands | 1174 | 1150 | 1017 | -6.9% |
| Poland | 1041 | 952 | 968 | -3.6% |
| Russia | 1191 | 1092 | 774 | -19.4% |
| Turkey | 864 | 742 | 715 | -9.0% |
| India | 793 | 682 | 701 | -6.0% |
| Average | 1129 | 1027 | 1033 | -4.3% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($1,275 per ton), while India ($701 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced mixed trends in the import price figures.
Citric Acid - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 0.3 | 0.1 | 0.3 | 2.4% |
| Germany | 0.2 | 0.2 | 0.2 | -2.9% |
| Netherlands | 0.08 | 0.08 | 0.1 | 12.8% |
| Italy | 0.08 | 0.07 | 0.08 | -0.6% |
| Poland | 0.06 | 0.06 | 0.08 | 8.2% |
In value terms, the largest citric acid importing markets worldwide were the United States ($273M), Germany ($179M) and the Netherlands ($105M), together accounting for 27% of global imports.
The Netherlands saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Citric Acid - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.9 | 0.8 | 0.7 | -10.6% |
| Belgium | 0.2 | 0.2 | 0.2 | 2.2% |
| Germany | 0.2 | 0.2 | 0.2 | 1.7% |
| Canada | 0.1 | 0.1 | 0.1 | 6.2% |
| Thailand | 0.1 | 0.09 | 0.1 | 3.0% |
In value terms, China ($742M) remains the largest citric acid supplier worldwide, comprising 44% of global exports. The second position in the ranking was occupied by Belgium ($170M), with a 10% share of global exports. It was followed by Germany, with a 10% share.
From 2018 to 2020, the average annual growth rate of value in China totaled -10.6%. In the other countries, the average annual rates were as follows: Belgium (+2.2% per year) and Germany (+1.7% per year).
Citric Acid - Market Forecast
Driven by increasing demand for citric acid worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Citric Acid - Product Coverage
- HS 291814 - Acids; carboxylic acids, (with alcohol function but without other oxygen function), citric acid
- HS 291815 - Acids; carboxylic acids, (with alcohol function but without other oxygen function), salts and esters of citric acid
This report provides an in-depth analysis of the global citric acid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143473 - Citric acid and its salts and esters
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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