Serbia - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Serbia - 2023
Contents:
- Citric Acid Price in Serbia (CIF) - 2022
- Citric Acid Price in Serbia (FOB) - 2022
- Citric Acid Imports in Serbia
- Citric Acid Exports in Serbia
Citric Acid Price in Serbia (CIF) - 2022
The average citric acid import price stood at $2,264 per ton in 2022, surging by 66% against the previous year. In general, the import price posted prominent growth. As a result, import 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 importers, the country with the highest price was Ireland ($4,004 per ton), while the price for Austria ($1,964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Citric Acid Price in Serbia (FOB) - 2022
In 2022, the average citric acid export price amounted to $2,602 per ton, surging by 31% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 54% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($3,403 per ton), while the average price for exports to Russia ($1,503 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 North Macedonia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Citric Acid Imports in Serbia
In 2022, after three years of growth, there was decline in overseas purchases of citric acid and its salts and esters, when their volume decreased by -2.7% to 8.5K tons. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of 8.7K tons, and then shrank modestly in the following year.
In value terms, citric acid imports soared to $19M in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Citric Acid in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3.4 | 5.3 | 7.4 | 8.8 | 37.3% |
| China | 2.2 | 1.4 | 3.7 | 8.1 | 54.4% |
| Ireland | 0.2 | 0.1 | 0.2 | 1.2 | 81.7% |
| Others | 0.3 | 0.2 | 0.7 | 1.2 | 58.7% |
| Total | 6.1 | 7.0 | 11.9 | 19.2 | 46.6% |
Top Suppliers of Citric Acid to Serbia in 2022:
- Austria (4.5K tons)
- China (3.6K tons)
- Ireland (0.3K tons)
Citric Acid Exports in Serbia
In 2022, after two years of decline, there was significant growth in overseas shipments of citric acid and its salts and esters, when their volume increased by 8.3% to 306 tons. Over the period under review, exports, however, showed a deep setback.
In value terms, citric acid exports soared to $797K in 2022. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Citric Acid in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 64.6 | 107 | 231 | 316 | 69.8% |
| North Macedonia | 53.5 | 132 | 176 | 290 | 75.7% |
| Montenegro | 52.7 | 54.7 | 64.5 | 82.5 | 16.1% |
| Albania | 0.7 | 8.1 | 11.7 | 39.3 | 282.9% |
| Russia | N/A | N/A | N/A | 28.6 | 0% |
| Czech Republic | N/A | N/A | N/A | 21.8 | 0% |
| Croatia | 426 | 44.2 | 0.1 | 8.2 | -73.2% |
| Romania | 33.8 | 19.6 | 11.3 | 6.9 | -41.1% |
| Netherlands | N/A | N/A | 64.8 | N/A | 0% |
| Others | 10.0 | 8.5 | 3.6 | 3.5 | -29.5% |
| Total | 641 | 375 | 563 | 797 | 7.5% |
Top Export Markets for Citric Acid from Serbia in 2022:
- North Macedonia (120.1 tons)
- Bosnia and Herzegovina (112.0 tons)
- Montenegro (24.3 tons)
- Russia (19.0 tons)
- Albania (14.2 tons)
- Czech Republic (8.0 tons)
- Romania (4.3 tons)
- Croatia (3.2 tons)
This report provides an in-depth analysis of the citric acid market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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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