Brazil - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Brazil - 2023
Contents:
- Glutamic Acid Price in Brazil (FOB) - 2023
- Glutamic Acid Price in Brazil (CIF) - 2023
- Glutamic Acid Exports in Brazil
- Glutamic Acid Imports in Brazil
Glutamic Acid Price in Brazil (FOB) - 2023
The average glutamic acid export price stood at $1,654 per ton in August 2023, declining by -2.9% against the previous month. In general, the export price saw a mild setback. The growth pace was the most rapid in April 2023 an increase of 7.4% month-to-month. Over the period under review, the average export prices hit record highs at $1,981 per ton in September 2022; however, from October 2022 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($12,333 per ton), while the average price for exports to Haiti ($1,120 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Glutamic Acid Price in Brazil (CIF) - 2023
The average glutamic acid import price stood at $1,571 per ton in August 2023, picking up by 15% against the previous month. Over the period under review, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in June 2023 an increase of 21% month-to-month. Over the period under review, average import prices hit record highs at $2,324 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From August 2022 to August 2023, the rate of growth in terms of prices for Indonesia amounted to -1.5% per month.
Glutamic Acid Exports in Brazil
In 2022, shipments abroad of glutamic acid and its salts increased by 1.6% to 108K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a pronounced contraction.
In value terms, glutamic acid exports skyrocketed to $184M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glutamic Acid in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 44.7 | 31.1 | 33.4 | 54.0 | 6.5% |
| Nigeria | 23.4 | 15.0 | 14.9 | 35.7 | 15.1% |
| Philippines | 17.3 | 24.4 | 16.7 | 29.8 | 19.9% |
| Malaysia | 4.9 | 3.6 | 13.9 | 13.3 | 39.5% |
| Mexico | 9.5 | 9.2 | 6.8 | 9.0 | -1.8% |
| South Africa | 3.9 | 4.2 | 5.1 | 5.7 | 13.5% |
| Guatemala | 4.3 | 3.7 | 5.4 | 5.1 | 5.9% |
| Colombia | 2.6 | 2.0 | 4.1 | 4.9 | 23.5% |
| Dominican Republic | 3.8 | 4.4 | 3.9 | 4.3 | 4.2% |
| Honduras | 1.7 | 1.9 | 2.1 | 3.2 | 23.5% |
| Haiti | 0.7 | 1.3 | 1.1 | 2.9 | 60.6% |
| Argentina | 1.9 | 2.2 | 1.8 | 2.7 | 12.4% |
| Vietnam | 18.6 | 1.6 | 0.5 | N/A | -83.6% |
| Others | 12.2 | 9.5 | 10.5 | 13.5 | 3.4% |
| Total | 149 | 114 | 120 | 184 | 7.3% |
Top Export Markets for Glutamic Acid from Brazil in 2022:
- Vietnam (undefinedK tons)
- Japan (31.7K tons)
- Nigeria (20.8K tons)
- Philippines (16.9K tons)
- Malaysia (6.7K tons)
- Mexico (6.2K tons)
- South Africa (3.3K tons)
- Guatemala (3.2K tons)
- Colombia (2.8K tons)
- Dominican Republic (2.8K tons)
- Honduras (2.1K tons)
- Haiti (1.9K tons)
- Argentina (1.6K tons)
Glutamic Acid Imports in Brazil
In 2022, overseas purchases of glutamic acid and its salts decreased by -11.6% to 2.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, glutamic acid imports rose notably to $5.1M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Glutamic Acid in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.3 | 3.7 | 4.0 | 7.7% |
| Indonesia | 0.1 | 0.3 | 0.3 | 0.5 | 71.0% |
| Others | 0.3 | 0.5 | 0.5 | 0.6 | 26.0% |
| Total | 3.6 | 4.2 | 4.5 | 5.1 | 12.3% |
Top Suppliers of Glutamic Acid to Brazil in 2022:
- China (2033.3 tons)
- Indonesia (190.0 tons)
This report provides an in-depth analysis of the glutamic acid market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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.
-
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
-
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
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