Singapore - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Singapore - 2022
Contents:
- Glutamic Acid Price in Singapore (CIF) - 2022
- Glutamic Acid Price in Singapore (FOB) - 2022
- Glutamic Acid Imports in Singapore
- Glutamic Acid Exports in Singapore
Glutamic Acid Price in Singapore (CIF) - 2022
The average glutamic acid import price stood at $2,314 per ton in September 2022, which is down by -14.7% against the previous month. In general, import price indicated a tangible expansion from September 2021 to September 2022: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, glutamic acid import price decreased by -14.7% against August 2022 indices. The growth pace was the most rapid in December 2021 when the average import price increased by 71% m-o-m. Over the period under review, average import prices attained the maximum at $2,966 per ton in May 2022; however, from June 2022 to September 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Hong Kong SAR ($6,230 per ton), while the price for Thailand ($2,018 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Glutamic Acid Price in Singapore (FOB) - 2022
The average glutamic acid export price stood at $3,920 per ton in September 2022, dropping by -14.5% against the previous month. Overall, the export price, however, saw a perceptible expansion. The growth pace was the most rapid in May 2022 when the average export price increased by 64% m-o-m. As a result, the export price reached the peak level of $7,552 per ton. From June 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Hong Kong SAR ($34,655 per ton), while the average price for exports to Vietnam ($2,598 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Glutamic Acid Imports in Singapore
Glutamic acid imports into Singapore expanded remarkably to 7.6K tons in 2022, increasing by 7.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, imports reached the peak of 8.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, glutamic acid imports expanded to $14M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Glutamic Acid in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.1 | 4.5 | 5.9 | 6.9 | 10.6% |
| Indonesia | 3.7 | 3.8 | 4.0 | 4.6 | 7.5% |
| Hong Kong SAR | 0.8 | 0.7 | 1.1 | 1.0 | 7.7% |
| Malaysia | 0.2 | 0.4 | 0.4 | 0.7 | 51.8% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Thailand | 0.1 | 0.8 | 0.1 | 0.1 | 0.0% |
| Others | 0.6 | 1.2 | 2.1 | 0.6 | 0.0% |
| Total | 10.7 | 11.6 | 13.7 | 14.1 | 9.6% |
Top Suppliers of Glutamic Acid to Singapore in 2022:
- Thailand (undefinedK tons)
- China (4.4K tons)
- Indonesia (2.5K tons)
- Malaysia (0.4K tons)
- Hong Kong SAR (0.2K tons)
- Taiwan (Chinese) (0.1K tons)
Glutamic Acid Exports in Singapore
Glutamic acid exports from Singapore fell to 1.3K tons in 2022, which is down by -2.7% on the previous year. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 118%. As a result, the exports reached the peak of 1.4K tons, and then fell in the following year.
In value terms, glutamic acid exports declined slightly to $4.1M in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $4.1M, leveling off in the following year.
| Export of Glutamic Acid in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 683 | 1,747 | 1,973 | 1,681 | 35.0% |
| Vietnam | 17.6 | 68.8 | 618 | 1,023 | 287.4% |
| Malaysia | 165 | 69.1 | 456 | 686 | 60.8% |
| Hong Kong SAR | 387 | 279 | 323 | 308 | -7.3% |
| Papua New Guinea | 170 | 284 | 464 | 180 | 1.9% |
| Bahrain | 76.6 | 26.1 | 58.9 | 67.7 | -4.0% |
| Indonesia | 330 | 133 | 123 | 19.9 | -60.8% |
| Others | 217 | 166 | 123 | 151 | -11.4% |
| Total | 2,047 | 2,773 | 4,137 | 4,116 | 26.2% |
Top Export Markets for Glutamic Acid from Singapore in 2022:
- Vietnam (630.4 tons)
- Malaysia (253.1 tons)
- Japan (174.5 tons)
- Hong Kong SAR (126.5 tons)
- Papua New Guinea (61.2 tons)
- Bahrain (30.0 tons)
- Indonesia (3.8 tons)
This report provides an in-depth analysis of the glutamic acid market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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