Germany - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Germany - 2023
Contents:
- Glutamic Acid Price in Germany (CIF) - 2023
- Glutamic Acid Price in Germany (FOB) - 2022
- Glutamic Acid Imports in Germany
- Glutamic Acid Exports in Germany
Glutamic Acid Price in Germany (CIF) - 2023
In July 2023, the average glutamic acid import price amounted to $2,333 per ton, with a decrease of -5% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 18% month-to-month. As a result, import price reached the peak level of $2,896 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($2,527 per ton), while the price for China ($1,427 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 Denmark (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Glutamic Acid Price in Germany (FOB) - 2022
In 2022, the average glutamic acid export price amounted to $4,155 per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 52%. The export price peaked at $4,730 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($18,123 per ton), while the average price for exports to Spain ($1,402 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 Austria (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Glutamic Acid Imports in Germany
In 2022, approx. 13K tons of glutamic acid and its salts were imported into Germany; falling by -13% against 2021 figures. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of 15K tons, and then dropped in the following year.
In value terms, glutamic acid imports rose sharply to $30M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Glutamic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 15.9 | 14.1 | 17.3 | 19.9 | 7.8% |
| Vietnam | 1.1 | 0.3 | 1.1 | 2.1 | 24.1% |
| Netherlands | 2.1 | 1.1 | 1.9 | 1.8 | -5.0% |
| China | 0.8 | 3.3 | 2.1 | 1.6 | 26.0% |
| India | N/A | N/A | 0.7 | 0.8 | 14.3% |
| Poland | 1.1 | 0.8 | 0.3 | 0.6 | -18.3% |
| Indonesia | 0.5 | 1.1 | 0.4 | 0.4 | -7.2% |
| Others | 2.2 | 2.1 | 2.8 | 2.3 | 1.5% |
| Total | 23.8 | 22.9 | 26.6 | 29.6 | 7.5% |
Top Suppliers of Glutamic Acid to Germany in 2022:
- France (9.1K tons)
- Netherlands (0.9K tons)
- Vietnam (0.9K tons)
- China (0.6K tons)
- India (0.5K tons)
- Poland (0.3K tons)
- Indonesia (0.2K tons)
Glutamic Acid Exports in Germany
Glutamic acid exports from Germany expanded significantly to 1.6K tons in 2022, growing by 7.3% on 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, glutamic acid exports soared to $6.5M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 55%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Glutamic Acid in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 7.6 | 12.7 | 14.0 | 1,503 | 482.6% |
| United States | 146 | 286 | 1,132 | 774 | 74.4% |
| Poland | 497 | 618 | 937 | 630 | 8.2% |
| Belgium | 277 | 502 | 288 | 573 | 27.4% |
| Switzerland | 173 | 347 | 671 | 547 | 46.8% |
| Spain | 157 | 143 | 85.1 | 515 | 48.6% |
| Netherlands | 55.5 | 90.7 | 120 | 274 | 70.3% |
| Austria | 152 | 324 | 718 | 203 | 10.1% |
| Ireland | 29.0 | 8.9 | 53.7 | 157 | 75.6% |
| Czech Republic | 114 | 93.8 | 198 | 121 | 2.0% |
| France | 101 | 81.3 | 130 | 98.5 | -0.8% |
| Denmark | 166 | 40.7 | 106 | 57.3 | -29.9% |
| United Kingdom | 121 | 215 | 143 | 55.4 | -22.9% |
| Others | 740 | 695 | 762 | 989 | 10.2% |
| Total | 2,737 | 3,459 | 5,357 | 6,498 | 33.4% |
Top Export Markets for Glutamic Acid from Germany in 2022:
- Spain (367.5 tons)
- Poland (241.7 tons)
- Netherlands (188.3 tons)
- Belgium (176.1 tons)
- Switzerland (169.4 tons)
- Turkey (83.0 tons)
- Czech Republic (68.6 tons)
- United States (45.2 tons)
- France (35.5 tons)
- Ireland (31.8 tons)
- Austria (26.6 tons)
- Denmark (17.2 tons)
- United Kingdom (15.2 tons)
This report provides an in-depth analysis of the glutamic acid market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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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