In the first quarter of 2023, the price trend of sodium citrate in Asia enjoyed an upward trajectory, driven by a significant rise in domestic and international inquiries that boosted sales and prices. Some producers had to increase their production rates to meet the growing demand, preventing shortages.
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However, the second quarter followed a bearish trend as trading activities in the food and pharmaceutical sectors gradually declined, reflecting reduced demand for sodium citrate. Export orders from China also decreased due to weak economic activity, contributing to the price decline.
Similarly, in Europe, the first quarter saw a steep price increase due to increased consumer interest and limited stock availability, but the second quarter witnessed a gradual decline, influenced by poor performance in the citric acid sector and reduced demand from downstream industries. North America experienced a similar trend, with a first-quarter price surge driven by the food and pharmaceutical industries and the influx of expensive imports from China. However, in the second quarter, declining citric acid prices and economic instability hindered the recovery of the sodium citrate price trend.
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, a remarkably versatile compound, boasts a wide array of uses across various industries. In the realm of food production, it acts as a multitasking additive, functioning as an emulsifier, preservative, and flavor enhancer. Its role in maintaining the consistency and structure of processed cheese is particularly noteworthy, preventing any unwanted separation and ensuring a velvety smoothness. This compound doesn’t limit itself to edibles; it also plays a pivotal part in beverages, balancing acidity and enriching the taste of soft drinks and fruit-based beverages. Its significance extends to pharmaceuticals, where it serves as a crucial anticoagulant in blood transfusion bags, preventing clots during storage. Even the cosmetic industry benefits from its prowess, employing it as a pH stabilizer in skincare formulations. Thanks to its chelating properties, sodium citrate proves its worth in diverse industrial processes, such as water treatment and metal cleaning, by binding to metal ions and thwarting their undesirable interactions. Its adaptability and impeccable safety record render sodium citrate an irreplaceable ingredient in countless industrial applications.
Key Players:
- Pan Chem Corporation
- Jungbunzlauer Suisse AG
- Cargill Incorporated
- ADM
- ATP Group
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