In 2023, China led the global export of salts and esters of citric acid, dominating with a 63.52% share, followed by Germany at 12.17% and Belgium at 6.25%. While most countries showed stable growth, notable increases were observed in the Netherlands and Slovenia, both growing by over 5% year-on-year. Conversely, Australia experienced the largest decline, dropping nearly 29%. The Compound Annual Growth Rate (CAGR) highlights consistent growth in China, Netherlands, and Thailand over the last five years.
Looking forward, continued demand for these compounds, driven by growth in the food and beverage industry, will likely expand Thailand's and China's export shares. Observers should watch potential shifts due to regulatory changes or trade agreements impacting key players like the United States and Germany. Additionally, evolving market dynamics in smaller economies could foster emerging exporters, leading to a more competitive landscape.
Top countries in Export of Salts and Esters of Citric Acid Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 63.52 | 2023 | +3.47% | +3.17% | View data |
| 2 | 2 Germany | 12.17 | 2023 | +2.33% | +2.74% | View data |
| 3 | 3 Belgium | 6.25 | 2023 | +0.37% | -0.99% | View data |
| 4 | 4 Netherlands | 3.85 | 2023 | +2.32% | +5.63% | View data |
| 5 | 5 United States | 1.9 | 2023 | -0.7% | -0.67% | View data |
| 6 | 6 Thailand | 1.51 | 2023 | +2.49% | +10.45% | View data |
| 7 | 7 India | 1.48 | 2023 | +4.47% | +3.69% | View data |
| 8 | 8 France | 1.31 | 2023 | +6.11% | +0.96% | View data |
| 9 | 9 Colombia | 1.24 | 2023 | -0.89% | -0.26% | View data |
| 10 | 10 Brazil | 0.67 | 2023 | -0.047% | -4.69% | View data |
