Citric Acid Price Trend

Citric Acid Prices (Q4 2021)

Corn prices in China continued to stay extremely high. As a result, the cost of producing citric acid rose. In addition to rising resource prices, ocean freight rates were also increasing. The average price in Australia in Q4 was noted to be 2035 USD/MT. Because of the prolonged supply shortage, warehouses in Europe were empty, and any price increase was immediately accepted by the market. Germany recorded a mean price of 2093.5 USD/MT. Prices in the United States increased, owing to inflation and supply chain issues. As a result, they were hovering  around 2610 USD/MT in the country. The average price of the acid in Brazil was 1430 USD/MT.

Citric Acid Prices (Q1-Q3 2021)

Asia

In 2021, the mean price in China in the first three quarters was 867.5 USD/MT, which started from 710 USD/MT and rose to 980 USD/MT. The export demand rose by the end of the second quarter. The price in India was recorded at 1316.66 USD/MT. The average price in Australia in the first three quarters was 1672.5 USD/MT.

Europe

Germany recorded the average price of 1721.55 USD/MT in the first three quarters. In Europe, the chemical’s market experienced a high demand as consumer requirements shifted to more natural products for skincare. As demand increased, the supply from China was limited, which drove up the prices in Europe.

North America

Prices surged high in the North American region, as they witnessed a supply shortage and shipment delays. The mean price in the US in the first three quarters was 2444.44 USD/MT. Prices were soaring in the US due to supply shortages as production suffered owing to unfavourable weather conditions. The imports from China were also delayed and high freight costs drove up the prices even more.

Latin America

Brazil recorded a mean price of 1436.66 USD/MT in the first three quarters of the year.

Citric Acid Prices Overview 2020

Asia

In China, the average price of citric acid was 605.83 USD/MT in 2020. China was its third largest consumer in 2020. India is among the major consumers of citric acid. In India, the average price was 1176.66 USD/MT while it was 1839.16 USD/MT in Australia.

Europe

In Germany, the average price of the chemical was 1434.33 USD/MT while in the Netherlands, it was 1690 USD/MT.

North America

The average price was 2236.66 USD/MT in the US and the country was its second largest consumer in 2020.

Latin America

Brazil is one of the major consumers of the chemical. In Brazil, the average price was 1393.33 USD/MT.

Procurement Resource Database

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Procurement Resource provides latest prices of Citric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description

Procurement Resource provides prices of Citric Acid for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About:

Citric acid (citrate) is basically a weak acid, which is formed in the tricarboxylic acid cycle. Citric acid is utilised as an excipient in pharmaceutical preparations simply because of its antioxidant properties. It is found in citrus fruits. It is known for stability of its active ingredients, and thus, is widely utilised as a preservative.

Chemical Formula of Citric Acid

  • C6H8O7    

Synonyms:

  • 77-92-9
  • 2-hydroxypropane-1,2,3-tricarboxylic acid
  • Citric acid, anhydrous
  • Citrate
  • Anhydrous citric acid

Molecular Weight

  • 192.12g/mol

Industrial Uses

  • Food and beverage industry
  • Acidifier
  • Flavouring agent
  • Chelating agent
  • Antioxidant
  • Cosmetics and personal care industry
  • Fragrance and air fresheners
  • Pharmaceuticals and dietary supplements
  • Plating agents and surface treating agent
  • Oxidising/reducing agent

Production Process

  • Production of Citric Acid via Surface Fermentation; via Submerged Fermentation; and via Solid State Fermentation

Surface fermentation is the process that is utilised for producing citric acid, with aspergillus along with rice bran or wet corn grains.

Supplier Database:    

  • Archer Daniels Midland Company (ADM)
  • Moellhausen S.P.A.
  • Cargill, Incorporated
  • Tate & Lyle PLC
  • Jungbunzlauer Suisse AG
  • COFCO Biochemical (Anhui) Co., Ltd.
  • S.A. Citrique Belge N.V.
  • Acros Organics
  • Ing. Petr Švec - PENTA s.r.o.
  • Hemadri Chemicals

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Procurement Resource also provides the detailed production cost analysis of Citric Acid See more

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