United Arab Emirates: Citric Acid Market 2024

Citric Acid Market Size in the United Arab Emirates

The citric acid market in the United Arab Emirates declined to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated a measured 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 increased by X% against 2018 indices. Citric acid consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Citric Acid Production in the United Arab Emirates

In value terms, citric acid production contracted significantly to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Citric Acid Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of citric acid and its salts and esters increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, citric acid exports surged to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

India (X tons), Oman (X tons) and Iraq (X tons) were the main destinations of citric acid exports from the United Arab Emirates, together comprising X% of total exports. Saudi Arabia, Iran, Jordan, Syrian Arab Republic, Tanzania, China, Kenya, Belgium and Azerbaijan 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 Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iraq ($X) and Oman ($X) constituted the largest markets for citric acid exported from the United Arab Emirates worldwide, together comprising X% of total exports.

Saudi Arabia, with a CAGR of X.2%, recorded the highest growth rate of the value of exports, among 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

The average citric acid export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price 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, citric acid export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Tanzania ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Citric Acid Imports

Imports into the United Arab Emirates

In 2022, the amount of citric acid and its salts and esters imported into the United Arab Emirates expanded notably to X tons, picking up by X% compared with the year before. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, citric acid imports surged to $X in 2022. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main citric acid supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, citric acid imports from China exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of citric acid and its salts and esters to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average citric acid import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Lebanon stood at $X per ton.

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

Source: IndexBox Platform

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