Germany: Citric Acid Market 2024

Citric Acid Market Size in Germany

The German citric acid market surged to $X in 2021, jumping by 16% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Citric Acid Production in Germany

In value terms, citric acid production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Citric Acid Exports

Exports from Germany

In 2021, the amount of citric acid and its salts and esters exported from Germany rose remarkably to X tons, with an increase of 14% compared with the previous year. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, citric acid exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), France (X tons) and the United States (X tons) were the main destinations of citric acid exports from Germany, together accounting for 45% of total exports. These countries were followed by Italy, China, Switzerland, Poland, Austria, Spain, Mexico, the UK, Luxembourg and Denmark, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for citric acid exported from Germany were France ($X), the Netherlands ($X) and the United States ($X), together accounting for 29% of total exports. These countries were followed by Italy, China, Switzerland, Poland, Mexico, Spain, Austria, the UK, Denmark and Luxembourg, which together accounted for a further 39%.

Poland, with a CAGR of +16.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average citric acid export price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Luxembourg ($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 Spain (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Citric Acid Imports

Imports into Germany

Citric acid imports into Germany expanded rapidly to X tons in 2021, growing by 12% on the year before. The total import volume increased at an average annual rate of +3.6% 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.

In value terms, citric acid imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% 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

In 2021, Austria (X tons) constituted the largest citric acid supplier to Germany, accounting for a 46% share of total imports. Moreover, citric acid imports from Austria exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Austria amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Belgium (+5.6% per year).

In value terms, Austria ($X), China ($X) and Belgium ($X) appeared to be the largest citric acid suppliers to Germany, together accounting for 82% of total imports. The Netherlands, Poland and Thailand lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Poland, with a CAGR of +45.9%, saw the highest growth rate of 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

The average citric acid import price stood at $X per ton in 2021, surging by 16% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The import price peaked at $X per ton in 2013; however, from 2014 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 Poland ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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