Sodium Citrate Price Trend

Sodium Citrate Prices March 2024

The price of sodium citrate in the USA market in first quarter reached 776 USD/MT. The USA is a major importer of sodium citrate dihydrate, thereby implementing strategic pricing measures in order to create global competitiveness, leading to global price reductions. However, the trend shifted substantially in February. Downstream merchants witnessed a recoil in regional inquiries initially, with sufficient supplies catering to this demand.

The price of sodium citrate in the Chinese region reached 681 USD/MT in Q1 2024. The market in China displayed a positive trend with a few fluctuations in the month of January. Prices reduced along with reducing inquiries, despite the availability of sufficient material. Cost-saving objectives were emphasized over expansionary initiatives, which further play a major role in price reductions and inventory clearance.

Whereas, the prices of sodium citrate in Germany reached 739 USD/MT in Q1 of 2024. In the initial phase of the quarter, prices witnessed a low but witnessed a slight upsurge in February and maintained it throughout the month of March. Fluctuations in demand from industries such as pharmaceuticals, food, and cosmetics influenced this trend.

Sodium Citrate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Citrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium citrate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium citrate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium citrate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium citrate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Citrate Market Analysis

The global sodium citrate market size reached US$ 877.7 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1293.2 Million, at a projected CAGR of 4.40% during 2023-2032.

• The rising product demand from the food and beverage industry is driving the market growth. Sodium citrate is majorly used as a food additive on account of its ability to act as a flavoring agent, preservative, and emulsifier. In specific, it acts as a preservative which eventually extends the shelf life of numerous products by preventing spoilage and maintaining freshness. This is particularly vital in the production procedure of processed food and beverages, where maintaining product stability and safety over time is a vital factor. The buffering capacity of sodium citrate also allows to maintain the required acidity levels in food products, contributing to flavor and texture consistency. Furthermore, it is majorly used in the manufacturing of dairy product including cheese, where is assists in enhancing the texture and prevents separation. Moreover, the rising demand for convenience foods products, dairy products, and ready-to-drink beverages is creating a positive market outlook for sodium citrate. According to the IMARC GROUP, the global ready-to drink beverage market has already reached US$ 225.0 Billion in 2023 and is expected to reach US$ 402.0 Billion by 2032, expanding at a CAGR of 6.66% during 2024-2032.
• Other than this, sodium citrate is widely utilized in the pharmaceutical industry as an excipient in numerous pharmaceutical formulations. As per a report published by the IMARC GROUP, the India pharmaceutical market has reached US$ 54.6 Billion in 2023, and is expected to reach US$ 163.1 Billion in 2032, exhibiting a CAGR of 12.3% during 2024-2032. The properties possess by it as a pH regulator and buffering agent make it indispensable in the formulation of injectable, oral, and topical medications. In oral medications, this chemical assists in improving the taste and stability of the product thereby making it more palatable for patients. Whereas in tablets, it is used as an effervescent in order to produce a fizzing effect, which can improve patient compliance. Whereas, in case of injectables the buffering capacity of sodium citrate allows it to maintain the stability of a drug solution, safeguarding its efficacy and safety. In line with this, this product is also used in anticoagulant formulations, including those used in blood collection tubes to avoid blood clotting. The rising incidence of chronic diseases globally, increasing demand for generic drugs, and significant advancements in pharmaceutical manufacturing are other major reasons propelling the market for sodium citrate.

Sodium Citrate News

The report covers the latest developments, updates, and trends impacting the global sodium citrate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium citrate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium citrate price trend.

Latest developments in the sodium citrate industry:

• In February 2024, as per the Society of Chinese Scholars on Exercise Physiology and Fitness, published by Elsevier (Singapore) Pte Ltd., acute sodium citrate supplementation may help fitness challengers postpone muscular fatigue and increase performance, potentially via the prevention of lactate accumulation.
• In December 2023, Jungbunzlauer manufactures trisodium citrate dihydrate (TSC) with a GMP certificate, Type II US DMF and a CEP. Sodium citrate is mainly used in its dihydrate form, has excellent pH regulation and buffering properties, and is used in various drug applications. As an API, TSC is widely used as anticoagulant, in rehydration solutions and as a laxative.

Product Description

Sodium citrate refers to a white, crystalline salt with the chemical formula Na₃C₆H₅O₇. It is derived from citric acid, a natural acid found in citrus fruits. Sodium citrate is produced by neutralizing citric acid with sodium hydroxide or sodium carbonate, resulting in a compound that is commonly used for its buffering, emulsifying, and preservative properties.

Sodium citrate is used as food additive in the food and beverage industry. Other than this, it is widely used in the pharmaceutical industry as an excipient, anticoagulant, and effervescent. Whereas, in the personal care and cosmetics industry, it is used as a pH regulator used to stabilize and protect the efficacy of products.

Regional Coverage

The report provides a detailed analysis of the sodium citrate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium citrate price trend.

Global Sodium Citrate Price

The report offers a holistic view of the global sodium citrate pricing trends in the form of sodium citrate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sodium citrate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium citrate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Citrate Price

The sodium citrate during the first quarter of 2024 in the European region reflected those of its main exporting countries, especially China in the APAC region. Prices dropped in January but began to recover in February and stayed elevated throughout March. This pattern was driven by fluctuations in demand from industries such as food, pharmaceuticals, and cosmetics. At the start of the quarter, a global oversupply led to a price drop, further exacerbated by increasing freight costs, which impacted trade momentum. Traders focused on clearing excess inventories, resulting in significant price declines. However, by mid-quarter, a notable price surge occurred due to increased demand, which was met by the ample inventories held by market participants.

This analysis can be extended to include detailed sodium citrate price information for a comprehensive list of countries.

North America Sodium Citrate Price

In North America the sodium citrate dihydrate market started the first quarter of 2024 on a downward trend but gradually recovered by mid-quarter, maintaining a positive outlook until the end of the quarter. In January, prices fell due to reduced demand from downstream industries, leading to surplus inventory among merchants. Despite this, demand remained steady, with local suppliers effectively meeting regional inquiries. This balance between supply and demand helped stabilize market transactions throughout the quarter.

Specific sodium citrate historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Citrate Price

The sodium citrate market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. It has led to limited self-consumption and low exports, resulting in downward price trends. Furthermore, the region is experiencing challenging economic conditions and a liquidity crisis, leading to a further decline in market activity and purchasing power.

In addition to region-wise data, information on sodium citrate prices for countries can also be provided.

Asia Pacific Sodium Citrate Price

In the first quarter of 2024, sodium citrate dihydrate prices in the APAC region, showed an overall positive trend with some fluctuations in January. Prices dropped due to fewer inquiries, even though there was plenty of material available. Cost-saving measures were prioritized over expansion, similar to trends in Western and Northern regions, leading to price reductions and inventory clearance. This was further supported by a significant drop in feed citric acid prices, which kept the production costs of sodium citrate dihydrate low. In February, prices surged significantly as demand rebounded from both domestic and international markets with the reopening of trading nations. Suppliers strategically increased prices to optimize profit margins.

This sodium citrate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Citrate Price

The analysis of sodium citrate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium citrate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium citrate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium citrate price charts ensure our clients remain at the forefront of the industry.