Iran - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Iran - 2022
Contents:
- Glutamic Acid Price in Iran (CIF) - 2022
- Glutamic Acid Price in Iran (FOB) - 2022
- Glutamic Acid Imports in Iran
- Glutamic Acid Exports in Iran
Glutamic Acid Price in Iran (CIF) - 2022
The average glutamic acid import price stood at $1,356 per ton in 2022, with a decrease of -10.8% against the previous year. Overall, the import price continues to indicate a slight decrease. The growth pace was the most rapid in 2019 when the average import price increased by 58%. As a result, import price attained the peak level of $2,253 per ton. From 2020 to 2022, the average 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 India ($10,521 per ton), while the price for the United Arab Emirates ($349 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Glutamic Acid Price in Iran (FOB) - 2022
The average glutamic acid export price stood at $3,836 per ton in 2022, stabilizing at the previous year. In general, the export price enjoyed a strong increase. The growth pace was the most rapid in 2020 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum at $4,078 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2016 to 2022, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.
Glutamic Acid Imports in Iran
In 2022, the amount of glutamic acid and its salts imported into Iran dropped dramatically to 1.6K tons, with a decrease of -25.9% on the previous year. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 180% against the previous year. As a result, imports attained the peak of 2.1K tons, and then plummeted in the following year.
In value terms, glutamic acid imports fell sharply to $2.1M in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 211% against the previous year. As a result, imports reached the peak of $3.2M, and then declined remarkably in the following year.
| Import of Glutamic Acid in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 976 | 479 | 732 | 1,466 | 14.5% |
| Switzerland | 179 | 214 | 758 | 167 | -2.3% |
| Indonesia | 110 | 134 | 546 | 120 | 2.9% |
| United Arab Emirates | 105 | 105 | 102 | 119 | 4.3% |
| India | 1,584 | 16.4 | 232 | 89.1 | -61.7% |
| Turkey | 14.7 | 20.3 | 87.4 | 27.8 | 23.7% |
| Malaysia | N/A | N/A | 121 | N/A | 0% |
| Others | 42.3 | 66.0 | 636 | 135 | 47.2% |
| Total | 3,011 | 1,034 | 3,214 | 2,124 | -11.0% |
Top Suppliers of Glutamic Acid to Iran in 2022:
- China (992.3 tons)
- United Arab Emirates (341.1 tons)
- Switzerland (129.7 tons)
- Indonesia (62.8 tons)
- Turkey (13.7 tons)
- India (8.5 tons)
Glutamic Acid Exports in Iran
In 2022, shipments abroad of glutamic acid and its salts decreased by 0% to 4.9 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a precipitous setback. The smallest decline of 99.9% was in 2020.
In value terms, glutamic acid exports stood at $19K in 2022. In general, exports showed a sharp downturn. The smallest decline of 99.9% was in 2020.
| Export of Glutamic Acid in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 18.9 | 0% |
| China | 40.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 40.0 | N/A | N/A | 18.9 | -22.1% |
Top Export Markets for Glutamic Acid from Iran in 2022:
- Turkey (4.9 tons)
This report provides an in-depth analysis of the glutamic acid market in Iran. 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:
- Iran
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Iran
- 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
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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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