Czech Republic: Citric Acid Market 2024

Citric Acid Market Size in the Czech Republic

The Czech citric acid market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Citric Acid Production in the Czech Republic

In value terms, citric acid production expanded modestly to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by 89%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Citric Acid Exports

Exports from the Czech Republic

In 2021, approx. X tons of citric acid and its salts and esters were exported from the Czech Republic; with an increase of 44% on the year before. Over the period under review, exports showed moderate growth. The pace of growth was the most pronounced in 2016 with an increase of 186% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, citric acid exports skyrocketed to $X in 2021. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 104%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Slovakia (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of citric acid exports from the Czech Republic, with a combined 74% share of total exports. These countries were followed by Austria, Poland, Ukraine, Croatia, Belgium, Italy and China, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +78.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for citric acid exported from the Czech Republic were Slovakia ($X), Germany ($X) and Ukraine ($X), together accounting for 63% of total exports. Poland, Hungary, Austria, Croatia, Belgium, Italy and China lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Belgium, with a CAGR of +75.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average citric acid export price stood at $X per ton in 2021, reducing by -2% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citric acid export price decreased by -11.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 52%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Citric Acid Imports

Imports into the Czech Republic

For the fourth year in a row, the Czech Republic recorded growth in overseas purchases of citric acid and its salts and esters, which increased by 7.7% to X tons in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 38% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, citric acid imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Austria (X tons) and China (X tons) were the main suppliers of citric acid imports to the Czech Republic, together comprising 69% of total imports. These countries were followed by Turkey, Belgium, Germany, the Netherlands and Thailand, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +1,094.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of citric acid and its salts and esters to the Czech Republic, comprising 37% of total imports. The second position in the ranking was taken by Austria ($X), with an 18% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.7% per year) and Germany (+11.0% per year).

Import Prices by Country

The average citric acid import price stood at $X per ton in 2021, rising by 53% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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