Sodium Citrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Sodium Citrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23171
Buy Now

Sodium Citrate Prices March 2024

Product
Category Region Price
Sodium Citrate Specialty Chemical USA 776 USD/MT
Sodium Citrate Specialty Chemical China 681 USD/MT
Sodium Citrate Specialty Chemical Germany 739 USD/MT


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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends 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 Price Trend

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 shape the industry landscape.

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 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 price trends.  

Global Sodium Citrate Price

The report offers a holistic view of the global sodium citrate pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

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.

Region Countries Covered
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, among other European 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 data on sodium citrate prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada


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.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.


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 analysis can be further extended to include detailed sodium citrate prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.


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.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.


Report Coverage

Key Attributes Details
Product Name Sodium Citrate
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
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, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 


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 volatility, 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, ensuring they remain at the forefront of the sodium citrate industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Sodium Citrate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Purchase options
For 2 Deliverables, Billed Annually

For 4 Deliverables, Billed Annually

For 12 Deliverables, Billed Annually


Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More