Belgium - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Belgium - 2023
Contents:
- Citric Acid Price in Belgium (FOB) - 2023
- Citric Acid Price in Belgium (CIF) - 2022
- Citric Acid Exports in Belgium
- Citric Acid Imports in Belgium
Citric Acid Price in Belgium (FOB) - 2023
In June 2023, the average citric acid export price amounted to $2,067 per ton, standing approximately at the previous month. Overall, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in November 2022 an increase of 16% m-o-m. Over the period under review, the average export prices hit record highs at $2,743 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($2,930 per ton), while the average price for exports to France ($1,565 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-0.6%), while the prices for the other major destinations experienced a decline.
Citric Acid Price in Belgium (CIF) - 2022
The average citric acid import price stood at $1,632 per ton in 2022, increasing by 19% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,821 per ton), while the price for China ($1,151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Citric Acid Exports in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of citric acid and its salts and esters, which increased by 11% to 161K tons in 2022. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, citric acid exports skyrocketed to $302M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Citric Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 40.1 | 44.3 | 52.2 | 68.7 | 19.7% |
| Netherlands | 24.5 | 28.8 | 33.1 | 49.8 | 26.7% |
| Italy | 14.7 | 16.4 | 22.8 | 31.2 | 28.5% |
| France | 15.3 | 14.2 | 18.5 | 27.1 | 21.0% |
| Denmark | 6.0 | 6.1 | 5.9 | 15.0 | 35.7% |
| United States | 4.3 | 4.9 | 7.3 | 12.9 | 44.2% |
| Ireland | 5.8 | 6.1 | 7.2 | 12.1 | 27.8% |
| United Kingdom | 13.2 | 13.7 | 11.7 | 11.8 | -3.7% |
| Spain | 5.7 | 6.3 | 9.7 | 10.9 | 24.1% |
| Luxembourg | 7.4 | 8.2 | 6.0 | 10.2 | 11.3% |
| Austria | 2.0 | 2.2 | 2.4 | 7.2 | 53.3% |
| Others | 16.8 | 18.9 | 28.7 | 44.9 | 38.8% |
| Total | 156 | 170 | 206 | 302 | 24.6% |
Top Export Markets for Citric Acid from Belgium in 2022:
- Netherlands (35.2K tons)
- Germany (29.7K tons)
- Italy (21.9K tons)
- Denmark (11.0K tons)
- France (10.6K tons)
- Luxembourg (8.7K tons)
- United States (8.2K tons)
- Ireland (4.5K tons)
- United Kingdom (3.8K tons)
- Spain (3.7K tons)
- Austria (2.9K tons)
Citric Acid Imports in Belgium
In 2022, imports of citric acid and its salts and esters into Belgium soared to 90K tons, increasing by 72% compared with 2021 figures. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, citric acid imports soared to $146M in 2022. Overall, imports recorded 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 Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 19.2 | 31.2 | 64.4 | 61.5% |
| France | 0.2 | 0.9 | 0.7 | 31.6 | 440.6% |
| Austria | 6.5 | 6.9 | 9.3 | 12.1 | 23.0% |
| Netherlands | 8.0 | 10.2 | 10.3 | 11.5 | 12.9% |
| Thailand | 6.0 | 7.0 | 5.2 | 9.4 | 16.1% |
| Germany | 2.6 | 4.8 | 6.4 | 8.2 | 46.6% |
| Cambodia | 3.7 | 1.7 | N/A | 0.1 | -70.0% |
| Others | 2.4 | 6.2 | 8.5 | 8.8 | 54.2% |
| Total | 44.7 | 57.1 | 71.6 | 146 | 48.4% |
Top Suppliers of Citric Acid to Belgium in 2022:
- Cambodia (undefinedK tons)
- China (55.9K tons)
- France (8.3K tons)
- Thailand (7.6K tons)
- Austria (4.6K tons)
- Germany (4.5K tons)
- Netherlands (4.1K tons)
This report provides an in-depth analysis of the citric acid market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
-
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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