China - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in China - 2023
Contents:
- Glutamic Acid Price in China (FOB) - 2023
- Glutamic Acid Price in China (CIF) - 2022
- Glutamic Acid Exports in China
- Glutamic Acid Imports in China
Glutamic Acid Price in China (FOB) - 2023
The average glutamic acid export price stood at $1,170 per ton in June 2023, shrinking by -3.7% against the previous month. In general, the export price showed a slight decline. The pace of growth was the most pronounced in January 2023 an increase of 0.1% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,352 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the countries with the highest prices were Japan ($1,236 per ton) and Peru ($1,219 per ton), while the average price for exports to Thailand ($1,115 per ton) and Indonesia ($1,121 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-0.4%), while the prices for the other major destinations experienced a decline.
Glutamic Acid Price in China (CIF) - 2022
In 2022, the average glutamic acid import price amounted to $3,827 per ton, which is down by -5.6% against the previous year. In general, the import price recorded a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of 89%. Over the period under review, average import prices attained the maximum at $4,794 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($25,093 per ton), while the price for Vietnam ($1,595 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.3%), while the prices for the other major suppliers experienced a decline.
Glutamic Acid Exports in China
In 2022, the amount of glutamic acid and its salts exported from China skyrocketed to 838K tons, picking up by 24% against the year before. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, glutamic acid exports soared to $1.1B in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 103 | 83.9 | 134 | 183 | 21.1% |
| Vietnam | 132 | 109 | 91.6 | 148 | 3.9% |
| Indonesia | 48.6 | 71.5 | 67.8 | 119 | 34.8% |
| Nigeria | 52.4 | 41.6 | 61.3 | 98.9 | 23.6% |
| Myanmar | 39.3 | 77.3 | 55.9 | 63.9 | 17.6% |
| India | 40.4 | 30.6 | 49.9 | 52.2 | 8.9% |
| Malaysia | 21.0 | 20.6 | 41.2 | 50.0 | 33.5% |
| Philippines | 16.6 | 14.6 | 19.7 | 27.3 | 18.0% |
| Japan | 14.7 | 15.7 | 17.5 | 24.8 | 19.0% |
| South Korea | 17.2 | 14.4 | 20.8 | 24.0 | 11.7% |
| South Africa | 13.1 | 14.6 | 15.9 | 23.7 | 21.9% |
| Russia | 12.0 | 11.1 | 16.5 | 18.5 | 15.5% |
| Mexico | 7.8 | 5.1 | 12.5 | 18.2 | 32.6% |
| Others | 174 | 156 | 182 | 263 | 14.8% |
| Total | 692 | 666 | 786 | 1,115 | 17.2% |
Top Export Markets for Glutamic Acid from China in 2022:
- Thailand (141.7K tons)
- Vietnam (111.7K tons)
- Indonesia (93.1K tons)
- Nigeria (72.0K tons)
- Myanmar (49.4K tons)
- India (39.2K tons)
- Malaysia (36.9K tons)
- Philippines (20.5K tons)
- Japan (18.4K tons)
- South Korea (18.0K tons)
- South Africa (17.3K tons)
- Russia (13.7K tons)
- Mexico (13.4K tons)
Glutamic Acid Imports in China
Glutamic acid imports into China surged to 357 tons in 2022, rising by 117% on the previous year's figure. Overall, imports continue to indicate a mild increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glutamic acid imports skyrocketed to $1.4M in 2022. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glutamic Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 275 | 156 | 181 | 473 | 19.8% |
| Japan | 232 | 224 | 191 | 314 | 10.6% |
| Indonesia | 96.3 | 49.3 | 72.1 | 51.3 | -18.9% |
| Democratic People's Republic of Korea | 62.2 | N/A | N/A | N/A | 0% |
| Others | 177 | 253 | 224 | 527 | 43.9% |
| Total | 841 | 683 | 668 | 1,365 | 17.5% |
Top Suppliers of Glutamic Acid to China in 2022:
- Vietnam (296.4 tons)
- Indonesia (31.9 tons)
- Japan (12.5 tons)
This report provides an in-depth analysis of the glutamic acid market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
-
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
363
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332
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In February 2023, the glutamic acid price amounted to $1,233 per ton (FOB, China), which is down by -2% against the previous month.
