Report Update Nov 1, 2024

Luxembourg - Citric Acid and Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Citric Acid Market 2024

Citric Acid Market Size in Luxembourg

The Luxembourg citric acid market surged to $X in 2021, jumping by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a remarkable increase. Citric acid consumption peaked in 2021 and is expected to retain growth in the immediate term.

Citric Acid Exports

Exports from Luxembourg

In 2021, the amount of citric acid and its salts and esters exported from Luxembourg skyrocketed to X tons, growing by 30% on 2020. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 267%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, citric acid exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 112%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for citric acid exports from Luxembourg, with a 97% share of total exports. It was followed by France (X kg), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +31.2%.

In value terms, Germany ($X) remains the key foreign market for citric acid and its salts and esters exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was taken by France ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +28.8%.

Export Prices by Country

The average citric acid export price stood at $X per ton in 2021, jumping by 36% against the previous year. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+3.3%), while the prices for the other major destinations experienced a decline.

Citric Acid Imports

Imports into Luxembourg

In 2021, the amount of citric acid and its salts and esters imported into Luxembourg soared to X tons, increasing by 19% against the year before. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 77% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, citric acid imports surged to $X in 2021. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Belgium (X tons) constituted the largest citric acid supplier to Luxembourg, accounting for a 69% share of total imports. Moreover, citric acid imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.9% per year) and Austria (-9.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of citric acid and its salts and esters to Luxembourg, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Austria, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.5% per year) and Austria (-9.2% per year).

Import Prices by Country

In 2021, the average citric acid import price amounted to $X per ton, rising by 13% against the previous year. In general, the import price, however, showed a perceptible decline. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for citric acid and its salts and esters in the world?

China remains the largest citric acid consuming country worldwide, accounting for 25% of total volume. Moreover, citric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.6% share.

What are the largest producers of citric acid and its salts and esters in the world?

China remains the largest citric acid producing country worldwide, accounting for 58% of total volume. Moreover, citric acid production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The United States ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of citric acid and its salts and esters to Luxembourg?

In value terms, Belgium constituted the largest supplier of citric acid to Luxembourg, comprising 62% of total imports. The second position in the ranking was occupied by Germany, with a 23% share of total imports. It was followed by Austria, with an 8.4% share.

What are the leading importers of citric acid and its salts and esters from Luxembourg?

In value terms, Germany remains the key foreign market for citric acid exports from Luxembourg, comprising 95% of total exports. The second position in the ranking was occupied by France $79), with a 0.8% share of total exports.

What is the average export price for citric acid and its salts and esters in Luxembourg?

The average citric acid export price stood at $3,356 per ton in 2021, growing by 40% against the previous year.

What is the average import price for citric acid and its salts and esters in Luxembourg?

The average citric acid import price stood at $1,258 per ton in 2021, surging by 13% against the previous year.

This report provides an in-depth analysis of the citric acid market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023