Global Citric Acid Price Trends: Supply Chain & Demand Analysis

North America Citric Acid Prices Movement Last Quarter:

Citric Acid Prices in the United States:

In Q2 2024, citric acid prices in the United States held steady at 906 USD/MT, despite facing challenges such as environmental regulations and geopolitical issues. The Global Citric Acid Price Chart indicates that the market managed to remain stable, largely due to effective logistics and inventory management.

Although these external factors introduced some uncertainty, the overall market-maintained balance with only slight price changes. Strong supply chain management, coupled with ongoing demand from sectors like food and beverages, pharmaceuticals, and cleaning products, contributed to stable pricing throughout the quarter.

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Note: Adjustments can be made to this analysis to suit the customer's preferences

APAC Citric Acid Prices Movement Last Quarter:

Citric Acid Prices in South Korea:

In South Korea, citric acid prices climbed to 787 USD/MT in June 2024, spurred by rising production costs, regional supply limitations, and active trading. The Citric Acid Price History Chart shows that this price increase was largely due to tighter supply conditions, especially following disruptions in China, a key supplier in the area. Increased production costs and logistical hurdles also played a role in the price rise.

Furthermore, traders made strategic inventory purchases in anticipation of tighter supplies, reflecting a cautious stance amid uncertainties. As demand continues to rise in industries such as food, beverages, and pharmaceuticals, price fluctuations are likely to be influenced by the dynamics of supply and demand as well as regional trade policies.

Regional Analysis: The price analysis can be extended to provide detailed citric acid price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

European Citric Acid Prices Movement Last Quarter:

Citric Acid Prices in Germany:

In Q2 2024, citric acid prices in Germany held steady at 921 USD/MT, showing only slight variations during the quarter. This stability can be attributed to a balanced supply and demand situation, with production levels remaining consistent and logistical issues being minimal. Furthermore, the seasonal increase in demand from the food and beverage sector, a major consumer of citric acid, contributed to the price stability. The reliable supply from key producers, combined with ongoing demand across various industrial sectors, helped keep the market in equilibrium, preventing any significant price fluctuations despite external pressures.

Regional Analysis: The price analysis can be expanded to include detailed citric acid price data for a wide range of European countries:

such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.

Factors Affecting Citric Acid Prices and Demand:

Several factors affect citric acid prices and overall demand, including the costs of raw materials, supply chain conditions, industrial applications, and global economic trends. Changes in the prices of essential feedstocks like corn and sugar have a direct impact on production costs, which in turn influence market prices. Supply chain disruptions, transportation costs, and regulatory policies also significantly affect price volatility.

Additionally, demand from critical industries such as food and beverages, pharmaceuticals, and cosmetics shapes market trends. Economic factors like inflation, trade policies, and currency fluctuations further influence citric acid prices, making it crucial for businesses to monitor the market to make informed decisions.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
o Spot Prices by Major Ports
o Price Breakup
o Price Trends by Region
o Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, "Citric Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition," presents a detailed analysis of Citric Acid price trend, offering key insights into global Citric Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Citric Acid demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.

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This release was published on openPR.