Citric Acid Price Trend, Analysis and Demand | IMARC Group

The latest report by IMARC Group, titled "Citric Acid Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Citric Acid Price Trend. This report delves into the Price of Citric Acid globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this price report an invaluable resource for industry stakeholders.

Citric Acid Prices Second Quarter 2024: 

• United States: 906 USD/MT
• South Korea: 787 USD/MT
• Germany: 921 USD/MT

 

Report Offering: 

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

 

The study delves into the factors affecting citric acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

 

Request For a Sample Copy of the Report:  https://www.imarcgroup.com/citric-acid-pricing-report/requestsample

 

Key Highlights of the Citric Acid Price Trend- Second Quarter 2024

The citric acid prices are primarily driven by its extensive use in the food and beverage (F&B) industry as a preservative and flavoring agent, alongside its applications in pharmaceuticals and cosmetics. Moreover, the growing demand for convenience foods and beverages, coupled with increasing consumer awareness about food safety and quality, is bolstering the market growth. Additionally, the rising compound utilization in cleaning products for eco-friendly household items, due to its biodegradability and safety, is boosting the market growth. Along with this, the ongoing shift toward natural and organic ingredients, encouraging manufacturers to opt for citric acid over synthetic alternatives, is favoring the market growth.

 

Factors Influencing Citric Acid Prices Analysis – Second Quarter 2024 

In the United States

In the USA, citric acid prices in the last quarter were shaped by a mix of logistical challenges and geopolitical tensions. The early peak shipping season led to increased freight rates and container shortages, impacting overall costs. Moreover, environmental issues, including low water levels in critical shipping routes, necessitated alternative logistics, adding complexity, and driving prices upward. Besides this, geopolitical tensions further strained supply chains, influencing cost structures. Despite these disruptions, the market maintained stability with only slight seasonal fluctuations in pricing, reflecting a balanced demand-supply scenario bolstered by robust inventory management and strategic supplier actions.

 

In South Korea Region

Citric acid prices in South Korea during the last quarter saw a consistent upward trend, driven by increased production costs and seasonal factors. Higher raw material prices, particularly for corn, impacted overall production expenses, while warmer months increased energy consumption for cooling processes. Moreover, the strengthening of the Chinese yuan and heightened Chinese export activity further tightened local supplies, pushing prices higher. Additionally, geopolitical tensions and logistical disruptions contributed to market volatility, influencing prices.

 

In Germany

In Germany, citric acid prices remained relatively stable throughout the last quarter, reflecting balanced market conditions and effective supply chain management. The market benefitted from consistent production rates and minimal logistical disruptions, allowing for steady inventory levels. Additionally, seasonal demand from the food and beverage sector provided a predictable pattern, maintaining demand stability. Despite minor seasonal fluctuations, prices showed minimal change, underscoring a well-aligned supply-demand dynamic.

 

Overall, Price Trend and Regional Prices Analysis: 

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco

 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

 

About Us: 

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.

 

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