China - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in China - 2023
Contents:
- Citric Acid Price in China (FOB) - 2023
- Citric Acid Price in China (CIF) - 2023
- Citric Acid Exports in China
- Citric Acid Imports in China
Citric Acid Price in China (FOB) - 2023
In June 2023, the average citric acid export price amounted to $873 per ton, falling by -4% against the previous month. Over the period under review, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in March 2023 when the average export price increased by 8.2% against the previous month. The export price peaked at $2,034 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Japan ($1,189 per ton), while the average price for exports to India ($693 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 Japan (-4.1%), while the prices for the other major destinations experienced a decline.
Citric Acid Price in China (CIF) - 2023
In June 2023, the average citric acid import price amounted to $5,946 per ton, falling by -10.8% against the previous month. Overall, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 54% against the previous month. The import price peaked at $9,719 per ton in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($20,195 per ton), while the price for Thailand ($2,543 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Citric Acid Exports in China
Citric acid exports from China was estimated at 1.5M tons in 2022, picking up by 13% on the previous year. The total export volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, citric acid exports surged to $2.5B in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 85%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Export of Citric Acid in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 58.2 | 53.8 | 103 | 164 | 41.2% |
Mexico | 39.9 | 32.9 | 73.4 | 149 | 55.1% |
Japan | 50.1 | 48.4 | 67.6 | 132 | 38.1% |
Germany | 38.7 | 34.0 | 62.6 | 116 | 44.2% |
Russia | 33.0 | 34.6 | 67.9 | 107 | 48.0% |
Netherlands | 29.5 | 32.9 | 60.9 | 92.7 | 46.5% |
Indonesia | 28.4 | 26.3 | 45.6 | 87.4 | 45.5% |
Turkey | 36.2 | 32.8 | 48.5 | 73.9 | 26.9% |
Belgium | 16.6 | 20.6 | 35.5 | 69.2 | 60.9% |
South Korea | 21.6 | 22.5 | 39.5 | 58.9 | 39.7% |
Canada | 17.6 | 18.1 | 25.0 | 57.4 | 48.3% |
Poland | 24.6 | 24.7 | 62.1 | 55.9 | 31.5% |
Pakistan | 18.1 | 18.1 | 26.9 | 50.2 | 40.5% |
Others | 362 | 342 | 652 | 1,256 | 51.4% |
Total | 774 | 742 | 1,371 | 2,470 | 47.2% |
Top Export Markets for Citric Acid from China in 2022:
- India (113.2K tons)
- Mexico (85.1K tons)
- Russia (72.9K tons)
- Japan (71.5K tons)
- Germany (64.9K tons)
- Turkey (56.3K tons)
- Indonesia (55.5K tons)
- Netherlands (53.0K tons)
- Belgium (38.3K tons)
- South Korea (36.2K tons)
- Poland (35.2K tons)
- Pakistan (33.9K tons)
- Canada (33.7K tons)
Citric Acid Imports in China
For the fourth year in a row, China recorded growth in purchases abroad of citric acid and its salts and esters, which increased by 18% to 3.4K tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, citric acid imports skyrocketed to $23M in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Citric Acid in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2.5 | 2.6 | 5.6 | 9.4 | 55.5% |
Germany | 2.4 | 4.3 | 5.9 | 5.1 | 28.6% |
Thailand | 0.7 | 0.9 | 0.8 | 3.0 | 62.4% |
United States | 1.6 | 1.3 | 1.2 | 1.9 | 5.9% |
Austria | 1.2 | 1.5 | 1.6 | 1.4 | 5.3% |
India | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
Malaysia | N/A | N/A | 0.3 | 0.4 | 33.3% |
Colombia | 0.5 | 0.4 | 0.6 | 0.3 | -15.7% |
Cambodia | N/A | N/A | N/A | 0.1 | 0% |
Others | 1.2 | 1.5 | 2.6 | 1.4 | 5.3% |
Total | 10.3 | 12.6 | 18.8 | 23.5 | 31.6% |
Top Suppliers of Citric Acid to China in 2022:
- Thailand (1071.4 tons)
- Japan (777.4 tons)
- Germany (776.8 tons)
- Austria (182.8 tons)
- United States (107.2 tons)
- Malaysia (94.4 tons)
- India (71.7 tons)
- Cambodia (50.0 tons)
- Colombia (50.0 tons)
This report provides an in-depth analysis of the citric acid market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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