Sodium Citrate Price Chart, Historical and Forecast Analysis | Procurement Resource
Author : Christeen Johnson | Published On : 19 Dec 2023
During the initial quarter of 2023, sodium citrate prices in Asia surged upward, fueled by a surge in both local and global inquiries, bolstering sales and pricing. To keep pace with escalating demand and avert shortages, several manufacturers ramped up production rates.
However, the subsequent quarter took a downturn as trading activities within the food and pharmaceutical sectors gradually waned, signaling a reduced need for sodium citrate. China's dwindling export orders, stemming from sluggish economic activities, contributed to the price slump.
Likewise, in Europe, the first quarter witnessed a sharp price hike owing to heightened consumer interest and constrained stock availability. Yet, the second quarter observed a gradual dip influenced by lackluster performance in the citric acid sector and decreased demand from downstream industries. North America saw a similar pattern, with an upsurge in prices during the first quarter driven by the food and pharmaceutical sectors, alongside pricy imports from China. However, in the subsequent quarter, declining citric acid prices and economic instability impeded the recovery of sodium citrate prices.
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Definition
Sodium citrate, a sodium salt of citric acid, is a crystalline compound with diverse applications. It is known for its excellent chelating properties, making it valuable in the food and beverage industry as a preservative and flavor enhancer. Sodium citrate acts as an emulsifying agent in cheese products, contributing to a smooth texture. It is also used in medicine as an anticoagulant in blood transfusions and as an alkalizing agent in medications. Sodium citrate exhibits a pH buffering capacity, maintaining acidity in various products. Its ability to complex with metal ions makes it a versatile compound in many industrial processes, from food production to pharmaceuticals and beyond.
Key Details About the Sodium citrate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium citrate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium citrate Price trends, including India Sodium citrate price, USA Sodium citrate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium citrate Price Trend:
Sodium citrate is a remarkably adaptable compound that enjoys widespread use across numerous industries. Within the food sector, it functions as a valuable additive, serving as an emulsifier, preservative, and flavor enhancer. Its role in maintaining the stability and consistency of processed cheese is particularly noteworthy, preventing separation and ensuring a smooth, creamy texture. In beverages, sodium citrate contributes by regulating acidity and elevating the taste profile of soft drinks and fruit-infused beverages.
The pharmaceutical realm relies on sodium citrate for its pivotal role as an anticoagulant in blood transfusion bags, crucial in preventing clotting during storage. Beyond this, it finds application in the cosmetic industry as a pH regulator within skincare products. Its chelating capabilities are highly prized in various industrial processes, such as water treatment and metal cleaning, where it binds to metal ions, thwarting undesirable interactions.
Sodium citrate's adaptability and proven safety profile render it an essential and irreplaceable element in numerous industrial applications.
Key Players:
- Pan Chem Corporation
- Jungbunzlauer Suisse AG
- Cargill Incorporated
- ADM
- ATP Group
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