Belarus - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Belarus - 2022
Contents:
- Citric Acid Price in Belarus (CIF) - 2022
- Citric Acid Price in Belarus (FOB) - 2022
- Citric Acid Imports in Belarus
- Citric Acid Exports in Belarus
Citric Acid Price in Belarus (CIF) - 2022
In April 2021, the average citric acid import price amounted to $1,256 per ton, declining by -25.5% against the previous month. Over the period under review, import price indicated prominent growth from January 2021 to April 2021: its price increased at an average monthly rate of +13.4% over the last three-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2021 figures, citric acid import price decreased by -25.5% against March 2021 indices. The pace of growth was the most pronounced in February 2021 when the average import price increased by 64% month-to-month. Over the period under review, average import prices attained the peak figure at $1,687 per ton in March 2021, and then fell notably in the following month.
Average prices varied noticeably amongst the major supplying countries. In April 2021, the country with the highest price was Russia ($1,300 per ton), while the price for China totaled $1,143 per ton.
From January 2021 to April 2021, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Citric Acid Price in Belarus (FOB) - 2022
The average citric acid export price stood at $2,244 per ton in 2022, with an increase of 4.7% against the previous year. Overall, the export price continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 116% against the previous year. As a result, the export price reached the peak level of $3,056 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($4,034 per ton), while the average price for exports to the United States totaled $320 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+11.1%), while the prices for the other major destinations experienced a decline.
Citric Acid Imports in Belarus
In 2022, overseas purchases of citric acid and its salts and esters decreased by -50.4% to 667 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2020 when imports increased by 36%. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, citric acid imports dropped remarkably to $1.8M in 2022. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of $2.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Citric Acid in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 156 | 402 | 934 | 758 | 69.4% |
| China | 1,121 | 1,313 | 709 | 462 | -25.6% |
| Lithuania | 85.7 | 72.7 | 16.7 | 57.4 | -12.5% |
| Others | 697 | 822 | 572 | 560 | -7.0% |
| Total | 2,060 | 2,610 | 2,231 | 1,837 | -3.7% |
Top Suppliers of Citric Acid to Belarus in 2022:
- Russia (405.9 tons)
- China (195.7 tons)
- Lithuania (12.2 tons)
Citric Acid Exports in Belarus
In 2022, shipments abroad of citric acid and its salts and esters decreased by -16% to 79 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2020 with an increase of 146%. As a result, the exports reached the peak of 175 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, citric acid exports declined to $176K in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $201K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Citric Acid in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 84.4 | 125 | 176 | 164 | 24.8% |
| United States | 8.2 | 11.2 | 16.6 | 12.1 | 13.8% |
| Turkmenistan | N/A | 63.8 | N/A | N/A | 0% |
| Others | 0.1 | 1.6 | 8.3 | 0.4 | 58.7% |
| Total | 92.7 | 201 | 200 | 176 | 23.8% |
Top Export Markets for Citric Acid from Belarus in 2022:
- Russia (40.6 tons)
- United States (37.8 tons)
This report provides an in-depth analysis of the citric acid market in Belarus. 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:
- Belarus
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belarus
- 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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