South Africa - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in South Africa - 2023
Contents:
- Glutamic Acid Price in South Africa (CIF) - 2023
- Glutamic Acid Price in South Africa (FOB) - 2022
- Glutamic Acid Imports in South Africa
- Glutamic Acid Exports in South Africa
Glutamic Acid Price in South Africa (CIF) - 2023
The average glutamic acid import price stood at $1,339 per ton in July 2023, rising by 2.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 11% month-to-month. The import price peaked at $1,565 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Brazil ($1,514 per ton), while the price for China stood at $1,313 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.0%).
Glutamic Acid Price in South Africa (FOB) - 2022
The average glutamic acid export price stood at $2,357 per ton in 2022, rising by 41% against the previous year. In general, the export price, however, showed a mild curtailment. The export price peaked at $2,771 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($2,880 per ton), while the average price for exports to Namibia ($455 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 Democratic Republic of the Congo (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Glutamic Acid Imports in South Africa
In 2022, approx. 20K tons of glutamic acid and its salts were imported into South Africa; jumping by 16% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glutamic acid imports skyrocketed to $31M in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glutamic Acid in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 14.3 | 14.9 | 25.1 | 24.8% |
| Brazil | 3.8 | 3.5 | 5.1 | 5.6 | 13.8% |
| Others | 0.2 | 0.3 | 0.8 | 0.2 | 0.0% |
| Total | 16.9 | 18.1 | 20.8 | 30.9 | 22.3% |
Top Suppliers of Glutamic Acid to South Africa in 2022:
- China (16.8K tons)
- Brazil (3.4K tons)
Glutamic Acid Exports in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of glutamic acid and its salts, when their volume decreased by -34.6% to 151 tons. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 98% against the previous year.
In value terms, glutamic acid exports fell to $356K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 82% against the previous year.
| Export of Glutamic Acid in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 22.1 | 36.8 | 98.6 | 177 | 100.1% |
| Zimbabwe | 51.9 | 43.1 | 80.7 | 139 | 38.9% |
| Swaziland | 12.2 | 5.1 | 6.2 | 17.4 | 12.6% |
| Uganda | 0.2 | N/A | 3.3 | 15.6 | 327.3% |
| Namibia | 0.4 | 4.8 | 0.9 | 3.0 | 95.7% |
| Democratic Republic of the Congo | 14.0 | 0.2 | N/A | 1.1 | -57.2% |
| Cameroon | N/A | 4.9 | 31.6 | N/A | 544.9% |
| Nigeria | 61.2 | 202 | 161 | N/A | 62.2% |
| Others | 1.1 | 0.2 | 3.1 | 2.6 | 33.2% |
| Total | 163 | 297 | 385 | 356 | 29.7% |
Top Export Markets for Glutamic Acid from South Africa in 2022:
- Zambia (68.4 tons)
- Zimbabwe (59.8 tons)
- Swaziland (9.2 tons)
- Namibia (6.6 tons)
- Uganda (6.0 tons)
- Democratic Republic of the Congo (0.4 tons)
This report provides an in-depth analysis of the glutamic acid market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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