Japan - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Japan Rises to $1,790 per Ton
Japan Glutamic Acid Import Price in February 2023
In February 2023, the glutamic acid price stood at $1,790 per ton (CIF, Japan), approximately reflecting the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 6.5% m-o-m. Over the period under review, average import prices attained the maximum at $1,925 per ton in November 2022; however, from December 2022 to February 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In February 2023, the countries with the highest prices were Indonesia ($1,937 per ton) and Vietnam ($1,917 per ton), while the price for China ($1,362 per ton) and Brazil ($1,629 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Glutamic Acid in Japan (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Indonesia | 1,658 | 1,646 | 1,640 | 1,676 | 1,686 | 1,709 | 1,942 | 1,907 | 1,917 | 1,962 | 1,968 | 2,040 | 1,937 |
| Vietnam | 1,602 | 1,609 | 1,623 | 1,754 | 1,801 | 1,889 | 1,863 | 1,818 | 1,920 | 2,011 | 2,001 | 1,980 | 1,917 |
| Brazil | 1,598 | 1,645 | 1,699 | 1,760 | 1,698 | 1,712 | 1,859 | 2,031 | 2,144 | 2,044 | 1,677 | 1,660 | 1,629 |
| China | 1,480 | 1,479 | 1,404 | 1,496 | 1,449 | 1,460 | 1,428 | 1,409 | 1,380 | 1,423 | 1,404 | 1,382 | 1,362 |
| Average | 1,609 | 1,621 | 1,598 | 1,702 | 1,686 | 1,751 | 1,827 | 1,838 | 1,901 | 1,925 | 1,844 | 1,765 | 1,790 |
Japan Glutamic Acid Imports
In February 2023, approximately 8.7K tons of glutamic acid and its salts were imported into Japan; shrinking by -17.5% on the previous month's figure. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in October 2022 with an increase of 33% month-to-month. As a result, imports attained the peak of 13K tons. From November 2022 to February 2023, the growth of imports failed to regain momentum.
In value terms, glutamic acid imports dropped markedly to $16M (IndexBox estimates) in February 2023. Over the period under review, imports continue to indicate a mild reduction. The growth pace was the most rapid in October 2022 when imports increased by 38% m-o-m. As a result, imports reached the peak of $25M. From November 2022 to February 2023, the growth of imports remained at a lower figure.
Japan Glutamic Acid Imports by Country
Indonesia (3.6K tons), Vietnam (2.1K tons) and Brazil (1.6K tons) were the main suppliers of glutamic acid imports to Japan, with a combined 84% share of total imports.
From February 2022 to February 2023, the biggest increases were in Indonesia (with a CAGR of +0.7%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Indonesia ($7.1M), Vietnam ($4M) and Brazil ($2.6M) appeared to be the largest glutamic acid suppliers to Japan, with a combined 88% share of total imports.
Indonesia, with a CAGR of +2.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
This report provides an in-depth analysis of the glutamic acid market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21102020 - Glutamic acid and its salts
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
