Report Update: May 1, 2024

Chile - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights

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Glutamic Acid Price in Chile - 2023

Glutamic Acid Price in Chile (CIF) - 2023

In July 2023, the average glutamic acid import price amounted to $1,589 per ton, reducing by -3.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 66% against the previous month. The import price peaked at $2,956 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Peru ($1,972 per ton), while the price for China ($1,364 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Peru (-0.0%), while the prices for the other major suppliers experienced a decline.

Glutamic Acid Price in Chile (FOB) - 2022

The average glutamic acid export price stood at $3,200 per ton in 2022, increasing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 51%. As a result, the export price reached the peak level of $6,658 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +243.6% per year.

Glutamic Acid Imports in Chile

In 2022, approx. 2.5K tons of glutamic acid and its salts were imported into Chile; picking up by 16% on 2021. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, glutamic acid imports expanded markedly to $3.7M in 2022. In general, imports, however, saw a noticeable curtailment.

Import of Glutamic Acid in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	983	836	966	1,833	23.1%
Peru	601	680	460	767	8.5%
Brazil	699	452	328	723	1.1%
Spain	189	79.6	126	281	14.1%
Taiwan (Chinese)	31.2	60.4	62.3	96.5	45.7%
South Korea	1,553	1,696	1,204	N/A	-12.0%
Vietnam	112	164	221	N/A	40.5%
Others	72.0	79.3	56.8	4.4	-60.6%
Total	4,241	4,047	3,423	3,704	-4.4%

Top Suppliers of Glutamic Acid to Chile in 2022:

China (1068.4 tons)
Brazil (813.5 tons)
Peru (360.9 tons)
Spain (250.1 tons)
Taiwan (Chinese) (40.6 tons)

Glutamic Acid Exports in Chile

Glutamic acid exports from Chile contracted significantly to 1 tons in 2022, declining by -21% compared with 2021 figures. In general, exports saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 106% against the previous year. As a result, the exports reached the peak of 1.3 tons, and then contracted remarkably in the following year.

In value terms, glutamic acid exports contracted to $3.2K in 2022. Overall, exports continue to indicate a deep setback. The smallest decline of -9.1% was in 2021.

Export of Glutamic Acid in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	0.2	0.2	1.2	3.2	152.0%
Bolivia	4.1	1.9	2.3	N/A	-25.1%
Others	N/A	1.8	N/A	N/A	0%
Total	4.4	3.9	3.6	3.2	-10.1%

Top Export Markets for Glutamic Acid from Chile in 2022:

Argentina (1.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the glutamic acid market in Chile. 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:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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
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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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023