Northern America: Citric Acid Market 2024

Citric Acid Market Size in Northern America

The North American citric acid market rose sharply to $X in 2021, surging by 7.3% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.8% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Citric Acid Production in Northern America

In value terms, citric acid production shrank to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.7% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 46% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Citric Acid Exports

Exports in Northern America

In 2021, after two years of growth, there was significant decline in overseas shipments of citric acid and its salts and esters, when their volume decreased by -23.9% to X tons. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. The volume of export peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, citric acid exports totaled $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Canada (X tons) represented the largest exporter of citric acid and its salts and esters, generating 79% of total exports. It was distantly followed by the United States (X tons), mixing up a 21% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of citric acid and its salts and esters. The United States (-5.6%) illustrated a downward trend over the same period. Canada (+12 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -11.8% from 2012 to 2021, respectively.

In value terms, Canada ($X) remains the largest citric acid supplier in Northern America, comprising 68% of total exports. The second position in the ranking was held by the United States ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Canada amounted to +2.1%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 45% against the previous year. In general, 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 origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).

Citric Acid Imports

Imports in Northern America

In 2021, approx. X tons of citric acid and its salts and esters were imported in Northern America; picking up by 32% on the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, citric acid imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main importer of citric acid and its salts and esters, constituting 80% of total imports. It was distantly followed by Canada (X tons), comprising a 20% share of total imports.

Imports into the United States increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, Canada (+8.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.2% from 2012-2021. Canada (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -8.1% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported citric acid and its salts and esters in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

In the United States, citric acid imports increased at an average annual rate of +5.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 14% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 import price increased by +87.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. The level of import peaked in 2021 and is likely to see gradual 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 the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.3%).

Source: IndexBox Platform

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