Colombia - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Colombia - 2022
Contents:
- Glutamic Acid Price in Colombia (CIF) - 2022
- Glutamic Acid Price in Colombia (FOB) - 2022
- Glutamic Acid Imports in Colombia
- Glutamic Acid Exports in Colombia
Glutamic Acid Price in Colombia (CIF) - 2022
In February 2022, the average glutamic acid import price amounted to $1,770 per ton, shrinking by -2% against the previous month. Over the period under review, import price indicated a moderate increase from February 2021 to February 2022: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, glutamic acid import price increased by +10.4% against October 2021 indices. The pace of growth was the most pronounced in June 2021 when the average import price increased by 19% month-to-month. Over the period under review, average import prices attained the maximum at $1,807 per ton in January 2022, and then contracted modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($1,766 per ton), while the price for China amounted to $1,726 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.2%).
Glutamic Acid Price in Colombia (FOB) - 2022
The average glutamic acid export price stood at $1,253 per ton in 2022, reducing by -33.9% against the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2021 an increase of 71% against the previous year. The export price peaked at $4,740 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($2,029 per ton), while the average price for exports to Tanzania ($303 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-8.9%), while the prices for the other major destinations experienced a decline.
Glutamic Acid Imports in Colombia
In 2022, approx. 4.8K tons of glutamic acid and its salts were imported into Colombia; shrinking by -10.6% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of 5.4K tons, and then shrank in the following year.
In value terms, glutamic acid imports reduced dramatically to $5.9M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports reached the peak of $7.1M, and then declined rapidly in the following year.
| Import of Glutamic Acid in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.6 | 2.3 | 4.0 | 3.4 | 9.4% |
| China | 2.8 | 2.2 | 2.7 | 2.1 | -9.1% |
| Others | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| Total | 5.5 | 4.8 | 7.1 | 5.9 | 2.4% |
Top Suppliers of Glutamic Acid to Colombia in 2022:
- Brazil (2.7K tons)
- China (2.0K tons)
Glutamic Acid Exports in Colombia
In 2022, approx. 150 tons of glutamic acid and its salts were exported from Colombia; increasing by 172% on the previous year. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 173%. As a result, the exports reached the peak of 244 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, glutamic acid exports surged to $187K in 2022. Overall, exports enjoyed measured growth.
| Export of Glutamic Acid in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 142 | 211 | 72.8 | 75.2 | -19.1% |
| Dominican Republic | 16.5 | 37.6 | 17.4 | 55.3 | 49.7% |
| Ecuador | 2.3 | 11.2 | 7.0 | 23.9 | 118.2% |
| Venezuela | 3.3 | 8.7 | 5.4 | 17.0 | 72.7% |
| Tanzania | N/A | N/A | N/A | 13.9 | 0% |
| Others | 1.1 | 1.7 | 1.6 | 2.0 | 22.1% |
| Total | 165 | 270 | 104 | 187 | 4.3% |
Top Export Markets for Glutamic Acid from Colombia in 2022:
- Guatemala (52.9 tons)
- Tanzania (46.0 tons)
- Dominican Republic (27.3 tons)
- Ecuador (12.3 tons)
- Venezuela (9.7 tons)
This report provides an in-depth analysis of the glutamic acid market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
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