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Glutamic Acid Market

Glutamic acid market: download newly released datasets featured by an Ai-driven market intelligence platform. Information provide consumption, exports, market prices, production, market size, imports, trade, and companies. There is a breakdown by country, including Russia, Africa, China, Latin America, the Middle East, EU, the U.S., and the U.K. Market dynamics and outlook to 2030 are also featured in the snapshots.

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Glutamic Acid - World's Largest Markets

Rating	Country
1	Pakistan
2	Nigeria
3	Japan
4	Myanmar
5	Indonesia

In value terms, Pakistan, Nigeria and Japan appeared to be the countries with the highest levels of market value in 2021, with a combined 28% share of the global market.

Among the main consuming countries, Pakistan (+90.2% per year) recorded the highest growth rate of market size, over the period under review, while glutamic acid market for the other global leaders experienced more modest paces of growth.

Glutamic Acid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
China	1018	908	1114	4.6%
Brazil	1234	1273	1173	-2.5%
Indonesia	1351	1312	1332	-0.7%
Thailand	1291	1567	1424	5.0%
France	1547	n/a	1551	0.1%
Vietnam	1502	1644	1577	2.5%
Taiwan (Chinese)	1708	1724	1716	0.2%
Average	1183	1098	1238	2.3%

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($1,716 per ton), while China ($1,114 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
India	1353	1350	1597	8.6%
Vietnam	1413	1425	1419	0.2%
Japan	1393	1326	1333	-2.2%
Malaysia	1296	1206	1248	-1.9%
Philippines	1331	1226	1241	-3.4%
South Korea	1262	1221	1241	-0.8%
Myanmar	1151	1074	1114	-1.6%
Taiwan (Chinese)	1183	1071	1110	-3.1%
Nigeria	1032	1142	1104	3.4%
Pakistan	1056	1061	999	-2.7%
Indonesia	1063	930	978	-4.1%
Thailand	1021	933	977	-2.2%
South Africa	1074	992	966	-5.2%
Average	1259	1211	1239	-0.8%

Prices varied noticeably by the country of destination; the country with the highest price was India ($1,597 per ton), while South Africa ($966 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Glutamic Acid - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Pakistan	0.04	0.05	0.2	89.8%
Nigeria	0.1	0.2	0.2	24.5%
Japan	0.2	0.2	0.2	-4.3%
Myanmar	0.1	0.1	0.1	-3.4%
Vietnam	0.1	0.1	0.1	-0.6%

In value terms, Pakistan ($158M), Nigeria ($152M) and Japan ($150M) were the countries with the highest levels of imports in 2021, with a combined 28% share of global imports.

In terms of the main importing countries, Pakistan (+89.8% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Glutamic Acid - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	0.7	0.7	1	19.2%
Indonesia	0.2	0.2	0.2	-2.0%
France	0.09	n/a	0.1	19.2%
Brazil	0.1	0.1	0.1	-7.5%
Vietnam	0.08	0.09	0.08	5.2%

In value terms, China ($984M) remains the largest glutamic acid supplier worldwide, comprising 59% of global exports. The second position in the ranking was occupied by Indonesia ($159M), with a 9.6% share of global exports. It was followed by France, with a 7.7% share.

In China, glutamic acid exports expanded at an average annual rate of +19.2% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-2.0% per year) and France (+19.2% per year).

Glutamic Acid - Market Forecast

Driven by increasing demand for glutamic acid worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.