Australia - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Australia - 2023
Contents:
- Citric Acid Price in Australia (CIF) - 2023
- Citric Acid Price in Australia (FOB) - 2022
- Citric Acid Imports in Australia
- Citric Acid Exports in Australia
Citric Acid Price in Australia (CIF) - 2023
In July 2023, the average citric acid import price amounted to $1,104 per ton, declining by -23.1% against the previous month. In general, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in June 2023 an increase of 12% against the previous month. Over the period under review, average import prices hit record highs at $2,438 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -6.6% per month.
Citric Acid Price in Australia (FOB) - 2022
The average citric acid export price stood at $1,530 per ton in 2022, surging by 28% against the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 61% against the previous year. The export price peaked at $12,368 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Caledonia ($3,566 per ton), while the average price for exports to Japan ($754 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Citric Acid Imports in Australia
In 2022, the amount of citric acid and its salts and esters imported into Australia stood at 25K tons, increasing by 4.6% on the year before. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, citric acid imports surged to $51M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Citric Acid in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.8 | 15.0 | 26.1 | 47.4 | 44.2% |
| Others | 4.4 | 5.3 | 4.2 | 4.0 | -3.1% |
| Total | 20.2 | 20.4 | 30.4 | 51.4 | 36.5% |
Top Suppliers of Citric Acid to Australia in 2022:
- China (24.2K tons)
Citric Acid Exports in Australia
In 2022, after three years of growth, there was significant decline in overseas shipments of citric acid and its salts and esters, when their volume decreased by -9.4% to 250 tons. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 72%.
In value terms, citric acid exports surged to $382K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +27.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Citric Acid in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 34.9 | 96.8 | 130 | 123 | 52.2% |
| New Caledonia | 31.1 | 30.3 | 14.6 | 70.0 | 31.1% |
| New Zealand | 29.1 | 99.4 | 55.7 | 61.8 | 28.5% |
| Papua New Guinea | 34.3 | 21.3 | 53.1 | 51.3 | 14.4% |
| Fiji | N/A | 8.6 | 0.6 | 34.7 | 100.9% |
| Malaysia | 27.0 | N/A | 5.8 | 13.9 | -19.9% |
| United States | N/A | N/A | 38.8 | 1.8 | -95.4% |
| Others | 29.0 | 35.4 | 30.9 | 26.4 | -3.1% |
| Total | 185 | 292 | 329 | 382 | 27.3% |
Top Export Markets for Citric Acid from Australia in 2022:
- Japan (162.7 tons)
- New Zealand (23.6 tons)
- New Caledonia (19.6 tons)
- Papua New Guinea (17.9 tons)
- Fiji (13.1 tons)
- Malaysia (5.7 tons)
- United States (1.0 tons)
This report provides an in-depth analysis of the citric acid market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In March 2023, Citric Acid imports experienced the fastest growth rate with a 57% increase month-on-month. In terms of value, imports of Citric Acid reached $2M in August 2023.
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In value terms, carboxylic acids with additional oxygen function imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the ...
968
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