Turkey - Citric Acid And Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCitric Acid Price in Turkey - 2023
Contents:
- Citric Acid Price in Turkey (CIF) - 2023
- Citric Acid Price in Turkey (FOB) - 2022
- Citric Acid Imports in Turkey
- Citric Acid Exports in Turkey
Citric Acid Price in Turkey (CIF) - 2023
The average citric acid import price stood at $1,032 per ton in July 2023, with a decrease of -12.5% against the previous month. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in May 2023 an increase of 11% against the previous month. The import price peaked at $2,424 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($2,710 per ton), while the price for China amounted to $923 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.1%).
Citric Acid Price in Turkey (FOB) - 2022
The average citric acid export price stood at $1,709 per ton in 2022, growing by 22% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, citric acid export price increased by +80.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 48%. Over the period under review, the average export prices reached the peak figure 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 UK ($2,964 per ton), while the average price for exports to Egypt ($935 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 Italy (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Citric Acid Imports in Turkey
In 2022, citric acid imports into Turkey surged to 59K tons, increasing by 41% against 2021 figures. In general, imports, however, showed a pronounced setback.
In value terms, citric acid imports soared to $116M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Citric Acid in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 37.5 | 35.7 | 39.9 | 96.4 | 37.0% |
| Austria | 7.1 | 7.4 | 7.4 | 11.9 | 18.8% |
| Others | 3.5 | 4.4 | 5.1 | 7.4 | 28.3% |
| Total | 48.1 | 47.5 | 52.4 | 116 | 34.1% |
Top Suppliers of Citric Acid to Turkey in 2022:
- China (52.2K tons)
- Austria (4.7K tons)
Citric Acid Exports in Turkey
In 2022, exports of citric acid and its salts and esters from Turkey reached 20K tons, approximately equating the previous year. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 243% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, citric acid exports skyrocketed to $34M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 408% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Citric Acid in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 0.1 | 5.4 | 5.8 | 661.6% |
| Netherlands | N/A | 0.1 | 1.1 | 4.1 | 540.3% |
| Greece | N/A | N/A | 1.0 | 3.0 | 200.0% |
| Syrian Arab Republic | N/A | N/A | N/A | 2.7 | 0% |
| United Kingdom | N/A | 0.1 | 1.2 | 2.1 | 358.3% |
| Iraq | 0.9 | 1.3 | 1.6 | 1.5 | 18.6% |
| Ukraine | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Iran | 0.9 | 0.7 | 0.4 | 1.2 | 10.1% |
| Spain | N/A | N/A | 0.9 | 1.1 | 22.2% |
| Lebanon | N/A | 0.1 | 0.1 | 0.9 | 200.0% |
| Germany | 0.1 | 0.2 | 1.1 | 0.8 | 100.0% |
| Austria | N/A | 0.1 | 2.6 | 0.6 | 144.9% |
| Egypt | 0.5 | 0.5 | 0.7 | 0.5 | 0.0% |
| Others | 1.5 | 2.3 | 12.0 | 8.7 | 79.7% |
| Total | 4.0 | 5.6 | 28.2 | 34.4 | 104.9% |
Top Export Markets for Citric Acid from Turkey in 2022:
- Italy (4.8K tons)
- Greece (2.5K tons)
- Netherlands (1.8K tons)
- Syrian Arab Republic (1.4K tons)
- Spain (1.1K tons)
- United Kingdom (0.7K tons)
- Ukraine (0.6K tons)
- Germany (0.6K tons)
- Iraq (0.6K tons)
- Iran (0.5K tons)
- Egypt (0.5K tons)
- Austria (0.5K tons)
- Lebanon (0.4K tons)
This report provides an in-depth analysis of the citric acid market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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The price of Citric Acid in March 2023 was $1,021 per ton (CIF, Turkey), reflecting a decrease of -2.9% compared to the previous month.
1232
In value terms, carboxylic acids with additional oxygen function imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the ...
962
In value terms, carboxyamide-function compounds and amide-function compounds imports totaled $X in 2016. In general, carboxyamide-function compounds and amide-function compounds imports continue to...
