Italy: Citric Acid Market 2024

Citric Acid Market Size in Italy

The Italian citric acid market surged to $X in 2021, rising by 27% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded 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 Italy

In value terms, citric acid production surged to $X in 2021 estimated in export price. Overall, production enjoyed a resilient increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Citric Acid Exports

Exports from Italy

In 2021, the amount of citric acid and its salts and esters exported from Italy skyrocketed to X tons, picking up by 44% on the year before. In general, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +121.9% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Exports by Country

France (X tons), Spain (X tons) and Switzerland (X tons) were the main destinations of citric acid exports from Italy, with a combined 52% share of total exports. The UK, Germany, Belgium, the United States, Poland, Austria, Singapore, Portugal and the Netherlands lagged somewhat behind, together comprising a further 29%.

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 +107.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for citric acid exported from Italy were Belgium ($X), Spain ($X) and France ($X), together comprising 44% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +81.9%, recorded 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, with an increase of 35% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 the UK (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Citric Acid Imports

Imports into Italy

In 2021, approx. X tons of citric acid and its salts and esters were imported into Italy; growing by 12% against the previous year. The total import volume increased at an average annual rate of +2.7% 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 skyrocketed to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Austria (X tons) and Belgium (X tons) were the main suppliers of citric acid imports to Italy, with a combined 79% share of total imports. Germany, Slovenia, Turkey and Poland lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +288.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Austria ($X) were the largest citric acid suppliers to Italy, with a combined 70% share of total imports. These countries were followed by Germany, Slovenia, Turkey and Poland, which together accounted for a further 24%.

Turkey, with a CAGR of +312.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, rising by 21% against the previous year. Over the period under review, the import price, however, showed a slight setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($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 (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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