Thailand - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Thailand - 2023
Contents:
- Citric Acid Price in Thailand (FOB) - 2022
- Citric Acid Price in Thailand (CIF) - 2022
- Citric Acid Exports in Thailand
- Citric Acid Imports in Thailand
Citric Acid Price in Thailand (FOB) - 2022
In 2022, the average citric acid export price amounted to $2,315 per ton, picking up by 23% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 79% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,841 per ton), while the average price for exports to Poland ($808 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 the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Citric Acid Price in Thailand (CIF) - 2022
In 2022, the average citric acid import price amounted to $2,141 per ton, increasing by 80% against the previous year. In general, the import price posted a strong expansion. As a result, import price reached 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 Germany ($6,154 per ton), while the price for Taiwan (Chinese) ($1,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Citric Acid Exports in Thailand
In 2022, shipments abroad of citric acid and its salts and esters decreased by -14.8% to 90K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.6% over the period 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 2020 with an increase of 35% against the previous year.
In value terms, citric acid exports amounted to $209M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 95%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Citric Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.4 | 72.0 | 169 | 147 | 31.7% |
| Belgium | 4.2 | 5.3 | 4.2 | 12.0 | 41.9% |
| Israel | 4.3 | 4.2 | 4.9 | 9.2 | 28.9% |
| Brazil | 8.5 | 4.0 | 2.2 | 6.9 | -6.7% |
| Japan | 0.1 | 0.2 | 0.4 | 6.2 | 295.8% |
| Vietnam | 1.2 | 1.4 | 1.3 | 4.2 | 51.8% |
| Spain | 1.6 | 2.8 | 2.8 | 4.0 | 35.7% |
| Poland | 1.1 | 3.5 | 0.9 | 0.4 | -28.6% |
| Others | 5.0 | 9.4 | 14.6 | 19.6 | 57.7% |
| Total | 90.5 | 103 | 200 | 209 | 32.2% |
Top Export Markets for Citric Acid from Thailand in 2022:
- United States (51.8K tons)
- Israel (7.3K tons)
- Belgium (7.1K tons)
- Japan (4.2K tons)
- Brazil (4.1K tons)
- Vietnam (3.9K tons)
- Spain (2.0K tons)
- Poland (0.5K tons)
Citric Acid Imports in Thailand
In 2022, the amount of citric acid and its salts and esters imported into Thailand totaled 14K tons, rising by 3% against the year before. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, citric acid imports soared to $30M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Citric Acid in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 8.6 | 11.9 | 24.2 | 42.9% |
| Germany | 0.5 | 1.0 | 0.9 | 1.5 | 44.2% |
| United States | 1.0 | 1.0 | 0.8 | 1.3 | 9.1% |
| Israel | 0.6 | 0.5 | 0.7 | 0.9 | 14.5% |
| Austria | 0.6 | 0.4 | 0.5 | 0.9 | 14.5% |
| Taiwan (Chinese) | 1.0 | 0.3 | 0.3 | 0.1 | -53.6% |
| Others | 0.9 | 0.6 | 0.9 | 0.8 | -3.9% |
| Total | 13.0 | 12.3 | 16.1 | 29.7 | 31.7% |
Top Suppliers of Citric Acid to Thailand in 2022:
- China (12.1K tons)
- United States (0.5K tons)
- Israel (0.4K tons)
- Austria (0.3K tons)
- Germany (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
This report provides an in-depth analysis of the citric acid market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
638
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In May 2023, the citric acid price amounted to $1,958 per ton (FOB, Thailand), picking up by 13% against the previous month.
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In value terms, carboxylic acids with additional oxygen function exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; ...
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In May 2023, the citric acid price amounted to $1,958 per ton (FOB, Thailand), picking up by 13% against the previous month.
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The exports of Carboxylic Acid failed to regain momentum from July 2023 to September 2023. However, in September 2023, the value of carboxylic acid exports increased rapidly to $10M.
