Middle East: Citric Acid Market 2024

Citric Acid Market Size in the Middle East

The Middle Eastern citric acid market totaled $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, recorded mild growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Citric Acid Production in the Middle East

In value terms, citric acid production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production posted a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 93%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Citric Acid Exports

Exports in the Middle East

In 2021, shipments abroad of citric acid and its salts and esters increased by 204% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was approx. 87% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), mixing up a 6.8% share of total exports. The following exporters - Lebanon (X tons) and Iran (X tons) - each resulted at a 4.7% share of total exports.

Turkey was also the fastest-growing in terms of the citric acid and its salts and esters exports, with a CAGR of +39.0% from 2012 to 2021. At the same time, Iran (+37.4%), the United Arab Emirates (+14.1%) and Lebanon (+8.6%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +34 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest citric acid supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.3% share of total exports. It was followed by Iran, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +41.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+11.3% per year) and Iran (+42.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 45% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citric acid export price increased by +49.6% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+3.6%), while the other leaders experienced more modest paces of growth.

Citric Acid Imports

Imports in the Middle East

In 2021, the amount of citric acid and its salts and esters imported in the Middle East reduced to X tons, which is down by -15% compared with 2020. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 28% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, citric acid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey (X tons) and Israel (X tons) were the largest importers of citric acid and its salts and esters in 2021, amounting to near 36% and 35% of total imports, respectively. It was distantly followed by the United Arab Emirates (X tons), mixing up an 11% share of total imports. The following importers - Saudi Arabia (X tons), Iran (X tons), Lebanon (X tons) and Syrian Arab Republic (X tons) - together made up 10% 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 Israel (with a CAGR of +18.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest citric acid importing markets in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 82% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +16.2%, 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

The import price in the Middle East stood at $X per ton in 2021, increasing by 54% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Iran ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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