EU: Citric Acid Market 2024

Citric Acid Market Size in the EU

The EU citric acid market skyrocketed to $X in 2021, surging by 16% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Citric Acid Production in the EU

In value terms, citric acid production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 58% against the previous year. The level of production peaked in 2021 and is likely to continue growth in years to come.

Citric Acid Exports

Exports in the EU

For the tenth consecutive year, the European Union recorded growth in shipments abroad of citric acid and its salts and esters, which increased by 13% to X tons in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 51%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, citric acid exports surged to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the major exporting country with an export of around X tons, which accounted for 41% of total exports. It was distantly followed by Germany (X tons), the Netherlands (X tons), Poland (X tons) and Spain (X tons), together achieving a 50% share of total exports. Slovenia (X tons) and Ireland (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest citric acid supplying countries in the European Union were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for 71% of total exports. These countries were followed by Spain, Poland, Ireland and Slovenia, which together accounted for a further 19%.

Poland, with a CAGR of +34.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 29% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the other leaders experienced more modest paces of growth.

Citric Acid Imports

Imports in the EU

In 2021, approx. X tons of citric acid and its salts and esters were imported in the European Union; with an increase of 6.8% compared with the year before. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 12% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, citric acid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Poland (X tons), the Netherlands (X tons), Italy (X tons), France (X tons), Spain (X tons) and Belgium (X tons) represented the largest importers of citric acid and its salts and esters, together achieving 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest citric acid importing markets in the European Union were Germany ($X), Poland ($X) and the Netherlands ($X), together comprising 45% of total imports.

Among the main importing countries, Poland, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and Spain ($X per ton), while Germany ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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