Sodium Citrate Prices

Sodium Citrate Prices December 2023

The sodium citrate prices in the United States for Q4 2023 reached 776 USD/MT in December. During Q4 2023, the sodium citrate market in the USA initially experienced price increases due to strong demand and restricted supply. However, by November, prices began to fall as economic indicators pointed to contraction, reducing production, and leading to cautious procurement practices. A global economic slowdown further pressured prices down through December.

The price trend for sodium citrate in China for Q4 2023 settled at 681 USD/MT in December. During Q4 2023, China's sodium citrate market faced fluctuating demand, with initial rise in price driven by winter festivities. However, a slowdown in economic activity led to reduced purchasing and high inventory levels, causing prices to decline. Weak support from the citric acid market also contributed to lower prices as the quarter progressed.

In Germany, the sodium citrate prices for Q4 2023 reached 739 USD/MT in December. Germany's sodium citrate market in the last quarter of 2023 saw a rise in prices due to strong demand and an improved economic climate. However, a subsequent oversupply and reduced raw material costs led to a price drop by November. Economic concerns and mixed consumer spending further influenced the market, maintaining a cautious outlook through December.

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 the current price but also provides insights into sodium citrate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into sodium citrate 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

In Q4 2023, the sodium citrate dihydrate market in Europe was influenced by various factors that impacted pricing dynamics. Early in the quarter, prices in Germany rose due to strong demand from the food and beverage sector and improved business sentiment. A strengthening euro and a more favorable economic climate helped boost domestic sales. However, by November, an oversupply of sodium citrate led to increased competition among distributors, pushing prices down as they sought to attract buyers. The mixed consumer response to economic conditions and inflation concerns also shaped market trends, maintaining a cautious outlook through the end of the year.

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

North America Sodium Citrate Price

The sodium citrate dihydrate market in North America initially saw a sharp price increase in the fourth quarter of 2023 due to rising consumer demand, driven by a resurgence in manufacturing, higher inflation, and developed corporate confidence. Limited supply, both locally and globally, contributed to the price hike as merchants began stockpiling. Additionally, increased feedstock citric acid costs further bolstered prices. However, as November approached, prices began to decline sharply. The Purchasing Managers' Index showed economic contraction, leading to slower production growth, job cuts, and inventory depletion. These economic challenges, combined with lower downstream uptake and reduced new orders, led to a more cautious market approach and a sustained decline in prices by the end of December.

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

Middle East and Africa Sodium Citrate Price

The report explores the sodium citrate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Sodium Citrate Price

The sodium citrate market in Asia Pacific exhibited significant price volatility in Q4 2023. Prices rose early in the quarter, driven by increased demand from importing markets due to winter holiday celebrations, which augmented consumption in the food and beverage sectors. However, as November progressed, demand dropped due to slower market activity in China and subdued economic conditions. This led suppliers to adjust inventory levels and reduce purchasing in anticipation of lower demand. An increase in production and existing stockpiles, particularly in China, also pressured prices downward. The slowdown in economic activity, as indicated by a declining Purchasing Managers' Index, further dampened demand, and led to a continuous decrease in sodium citrate dihydrate prices until late December.

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.