Malaysia - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Malaysia - 2021
Contents:
- Glutamic Acid Price in Malaysia (CIF) - 2021
- Glutamic Acid Price in Malaysia (FOB) - 2021
- Glutamic Acid Imports in Malaysia
- Glutamic Acid Exports in Malaysia
Glutamic Acid Price in Malaysia (CIF) - 2021
In December 2021, the average glutamic acid import price amounted to $1,599 per ton, with an increase of 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the peak figure in December 2021.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was Brazil ($1,928 per ton), while the price for China ($1,399 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Glutamic Acid Price in Malaysia (FOB) - 2021
The average glutamic acid export price stood at $1,807 per ton in December 2021, approximately mirroring the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2021 when the average export price increased by 18% against the previous month. The export price peaked at $1,852 per ton in October 2021; however, from November 2021 to December 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($2,691 per ton), while the average price for exports to the United States ($1,526 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Glutamic Acid Imports in Malaysia
After three years of growth, overseas purchases of glutamic acid and its salts decreased by -13.1% to 48K tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 56K tons, and then contracted in the following year.
In value terms, glutamic acid imports declined dramatically to $62M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of $74M, and then declined significantly in the following year.
| Import of Glutamic Acid in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 22.1 | 39.4 | 31.8 | 23.7% |
| Indonesia | 24.3 | 22.6 | 18.7 | 17.3 | -10.7% |
| Brazil | 4.5 | 4.1 | 14.9 | 12.0 | 38.7% |
| Others | 0.8 | 0.6 | 1.3 | 0.7 | -4.4% |
| Total | 46.4 | 49.4 | 74.3 | 61.9 | 10.1% |
Top Suppliers of Glutamic Acid to Malaysia in 2022:
- China (27.1K tons)
- Indonesia (11.8K tons)
- Brazil (9.1K tons)
Glutamic Acid Exports in Malaysia
Glutamic acid exports from Malaysia shrank rapidly to 7.5K tons in 2022, declining by -26% compared with 2021 figures. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 108%. As a result, the exports reached the peak of 10K tons, and then fell markedly in the following year.
In value terms, glutamic acid exports fell sharply to $15M in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 126% against the previous year. As a result, the exports reached the peak of $20M, and then contracted dramatically in the following year.
| Export of Glutamic Acid in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 2.0 | 5.5 | 5.4 | 41.6% |
| Saudi Arabia | 1.8 | 2.0 | 4.8 | 4.8 | 38.7% |
| United Arab Emirates | 2.4 | 0.3 | 1.2 | 1.2 | -20.6% |
| Poland | 0.1 | 0.1 | 0.7 | 0.7 | 91.3% |
| Singapore | 0.7 | 1.0 | 0.5 | 0.5 | -10.6% |
| Qatar | 0.7 | 0.8 | 0.4 | 0.4 | -17.0% |
| Brunei Darussalam | 0.6 | 0.5 | 0.3 | 0.3 | -20.6% |
| Yemen | 0.5 | 0.4 | 0.2 | 0.2 | -26.3% |
| Mauritius | 0.5 | 0.5 | 0.2 | 0.2 | -26.3% |
| Kuwait | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Spain | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Vietnam | N/A | 0.1 | 5.1 | N/A | 5000.0% |
| Others | 0.6 | 0.5 | 0.8 | 0.5 | -5.9% |
| Total | 10.2 | 8.9 | 20.1 | 14.5 | 12.4% |
Top Export Markets for Glutamic Acid from Malaysia in 2022:
- United States (3818.1 tons)
- Saudi Arabia (1811.3 tons)
- United Arab Emirates (458.5 tons)
- Poland (420.9 tons)
- Singapore (235.3 tons)
- Qatar (149.0 tons)
- Brunei Darussalam (122.7 tons)
- Yemen (91.6 tons)
- Kuwait (86.3 tons)
- Mauritius (78.8 tons)
This report provides an in-depth analysis of the glutamic acid market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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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