U.S.: Citric Acid Market 2024

Citric Acid Market Size in the U.S.

The U.S. citric acid market expanded slightly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; afterwards, it flattened through to 2022.

Citric Acid Production in the U.S.

In value terms, citric acid production amounted to $X in 2022. Over the period under review, production continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Citric acid production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Citric Acid Exports

Exports from the U.S.

In 2022, shipments abroad of citric acid and its salts and esters increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, saw a noticeable downturn. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, citric acid exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) were the main destinations of citric acid exports from the United States, with a combined X% share of total exports. Israel, Ireland, Germany, the Netherlands and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for citric acid exported from the United States were Canada ($X), Mexico ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports. The Netherlands, Germany, Ireland, Australia and Israel lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average citric acid export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while the average price for exports to Israel ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Citric Acid Imports

Imports into the U.S.

In 2022, approx. X tons of citric acid and its salts and esters were imported into the United States; which is down by X% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, citric acid imports skyrocketed to $X in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Canada (X tons), Thailand (X tons) and China (X tons) were the main suppliers of citric acid imports to the United States, together comprising X% of total imports. Israel, India, Belgium, Colombia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest citric acid suppliers to the United States were Thailand ($X), Canada ($X) and Israel ($X), together accounting for X% of total imports. China, India, Colombia, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average citric acid import price amounted to $X per ton, surging by X% against the previous year. In general, the import price recorded a buoyant increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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