U.S. - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in the United States - 2023
Contents:
- Citric Acid Price in the United States (CIF) - 2022
- Citric Acid Price in the United States (FOB) - 2022
- Citric Acid Imports in the United States
- Citric Acid Exports in the United States
Citric Acid Price in the United States (CIF) - 2022
In 2022, the average citric acid import price amounted to $3,686 per ton, picking up by 41% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 86% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($6,502 per ton), while the price for Canada ($1,894 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Citric Acid Price in the United States (FOB) - 2022
The average citric acid export price stood at $3,887 per ton in 2022, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 18%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($11,116 per ton), while the average price for exports to Israel ($1,589 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Citric Acid Imports in the United States
In 2022, the amount of citric acid and its salts and esters imported into the United States dropped slightly to 148K tons, with a decrease of -3.5% compared with the year before. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year.
In value terms, citric acid imports soared to $545M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 53%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Citric Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 70.1 | 70.5 | 134 | 180 | 36.9% |
| Canada | 95.1 | 97.9 | 114 | 118 | 7.5% |
| Israel | 22.1 | 23.7 | 32.5 | 87.1 | 58.0% |
| China | 8.0 | 7.2 | 33.8 | 44.0 | 76.5% |
| India | 7.0 | 7.0 | 15.6 | 35.8 | 72.3% |
| Colombia | 7.1 | 8.9 | 8.2 | 20.1 | 41.5% |
| Germany | 13.6 | 15.6 | 15.0 | 15.8 | 5.1% |
| Belgium | 5.5 | 6.0 | 8.0 | 14.1 | 36.9% |
| Others | 16.7 | 24.3 | 38.1 | 30.2 | 21.8% |
| Total | 245 | 261 | 399 | 545 | 30.5% |
Top Suppliers of Citric Acid to the United States in 2022:
- Canada (62.3K tons)
- Thailand (34.1K tons)
- China (14.6K tons)
- Israel (13.5K tons)
- India (5.5K tons)
- Belgium (4.8K tons)
- Colombia (4.7K tons)
- Germany (4.1K tons)
Citric Acid Exports in the United States
In 2022, the amount of citric acid and its salts and esters exported from the United States skyrocketed to 24K tons, jumping by 23% against 2021 figures. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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 soared to $92M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Citric Acid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 23.7 | 20.7 | 22.5 | 25.8 | 2.9% |
| Mexico | 12.9 | 11.7 | 11.4 | 17.2 | 10.1% |
| Taiwan (Chinese) | 5.0 | 2.5 | 4.3 | 8.0 | 17.0% |
| Netherlands | 1.9 | 1.9 | 2.4 | 4.1 | 29.2% |
| Belgium | 2.0 | 2.3 | 1.9 | 2.8 | 11.9% |
| Germany | 1.0 | 0.9 | 1.7 | 2.5 | 35.7% |
| Ireland | 0.4 | 1.4 | 1.5 | 2.2 | 76.5% |
| Thailand | 1.3 | 0.8 | 0.8 | 1.4 | 2.5% |
| Israel | 0.5 | 1.0 | 0.5 | 1.3 | 37.5% |
| Others | 16.7 | 17.7 | 18.3 | 26.3 | 16.3% |
| Total | 65.5 | 60.9 | 65.4 | 91.6 | 11.8% |
Top Export Markets for Citric Acid from the United States in 2022:
- Canada (8.8K tons)
- Mexico (6.7K tons)
- Taiwan (Chinese) (1.6K tons)
- Israel (0.8K tons)
- Netherlands (0.4K tons)
- Germany (0.4K tons)
- Ireland (0.4K tons)
- Belgium (0.4K tons)
- Thailand (0.3K tons)
This report provides an in-depth analysis of the citric acid market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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