Spain - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlutamic Acid Price in Spain - 2023
Contents:
- Glutamic Acid Price in Spain (CIF) - 2023
- Glutamic Acid Price in Spain (FOB) - 2022
- Glutamic Acid Imports in Spain
- Glutamic Acid Exports in Spain
Glutamic Acid Price in Spain (CIF) - 2023
The average glutamic acid import price stood at $1,837 per ton in July 2023, stabilizing at 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 October 2022 an increase of 16% against the previous month. As a result, import price attained the peak level of $2,280 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Vietnam ($1,962 per ton) and France ($1,901 per ton), while the price for China ($1,420 per ton) and Malaysia ($1,812 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.8%), while the prices for the other major suppliers experienced a decline.
Glutamic Acid Price in Spain (FOB) - 2022
In 2022, the average glutamic acid export price amounted to $2,893 per ton, waning by -18.8% against the previous year. Overall, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. The export price peaked at $4,612 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,433 per ton), while the average price for exports to Senegal ($2,097 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 Senegal (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Glutamic Acid Imports in Spain
In 2022, glutamic acid imports into Spain stood at 17K tons, growing by 7.8% on 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glutamic acid imports soared to $34M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +55.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Glutamic Acid in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 14.5 | 14.3 | 18.2 | 20.1 | 11.5% |
China | 2.6 | 3.8 | 0.7 | 7.3 | 41.1% |
Vietnam | 2.9 | 1.0 | 1.0 | 2.6 | -3.6% |
Indonesia | 0.5 | 0.5 | 0.8 | 1.4 | 40.9% |
Malaysia | N/A | 0.5 | 0.9 | 1.0 | 41.4% |
Others | 1.3 | 1.5 | 1.5 | 1.2 | -2.6% |
Total | 21.9 | 21.6 | 23.0 | 33.7 | 15.5% |
Top Suppliers of Glutamic Acid to Spain in 2022:
- France (10.1K tons)
- China (4.1K tons)
- Vietnam (1.2K tons)
- Indonesia (0.8K tons)
- Malaysia (0.5K tons)
Glutamic Acid Exports in Spain
In 2022, approx. 669 tons of glutamic acid and its salts were exported from Spain; with an increase of 21% against the previous year. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 226% against the previous year. As a result, the exports attained the peak of 821 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, glutamic acid exports reduced to $1.9M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Glutamic Acid in Spain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 53.0 | 29.1 | 35.1 | 879 | 155.0% |
Peru | 85.8 | 22.0 | N/A | 149 | 20.2% |
Italy | 404 | 1,421 | 958 | 147 | -28.6% |
United Kingdom | 102 | 69.3 | 102 | 140 | 11.1% |
Senegal | N/A | N/A | N/A | 130 | 0% |
Cuba | 50.0 | 8.5 | 31.7 | 37.0 | -9.5% |
Canada | N/A | 274 | 405 | N/A | 47.8% |
Others | 374 | 254 | 443 | 454 | 6.7% |
Total | 1,069 | 2,078 | 1,974 | 1,936 | 21.9% |
Top Export Markets for Glutamic Acid from Spain in 2022:
- Portugal (418.6 tons)
- Senegal (62.1 tons)
- Italy (61.8 tons)
- United Kingdom (49.5 tons)
- Peru (24.1 tons)
- Cuba (10.8 tons)
This report provides an in-depth analysis of the glutamic acid market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the glutamic acid market in Spain.
This report provides an in-depth analysis of the diethanolamine market in Spain.
This report provides an in-depth analysis of the triethanolamine market in Spain.
This report provides an in-depth analysis of the monoethanolamine market in Spain.
This report provides an in-depth analysis of the lysine market in Spain.
This report provides an in-depth analysis of the oxygen-function amino-compound market in Spain.
This report provides an in-depth analysis of the fluorspar market in Spain.
This report provides an in-depth analysis of the fluorspar market in Spain.
This report provides an in-depth analysis of the global glutamic acid market.
This report provides an in-depth analysis of the global diethanolamine market.
The global decarbonisation trend, the increasing number of CCS projects (carbon capture and storage facility) being implemented and the widespread use of monoethanolamine (MEA) as an absorbing agent to capture СО2 emissions could provide significant impetus to the further development of the MEA market. MEA is currently one of the most widely used absorbing agents in the oil and gas sectors for the purification of industrial waste.
Explore the top import markets for Oxygen-Function Amino-Compound and their key statistics. Learn about the demand, trends, and market dynamics in these countries.
In 2016, the amount of oxygen-function amino-compound imported worldwide amounted to X tons, rising by X% against the previous year level. The total import volume increased at an average annual r...
In 2016, the amount of oxygen-function amino-compound imported worldwide amounted to X tons, rising by X% against the previous year level. The total import volume increased at an average annual r...
Global trade in fluorspar peaked at $822M in 2021. China remains the leading fluorspar supplier worldwide.
The global decarbonisation trend, the increasing number of CCS projects (carbon capture and storage facility) being implemented and the widespread use of monoethanolamine (MEA) as an absorbing agent to capture СО2 emissions could provide significant impetus to the further development of the MEA market. MEA is currently one of the most widely used absorbing agents in the oil and gas sectors for the purification of industrial waste.
Explore the top import markets for Oxygen-Function Amino-Compound and their key statistics. Learn about the demand, trends, and market dynamics in these countries.
In 2016, the amount of oxygen-function amino-compound imported worldwide amounted to X tons, rising by X% against the previous year level. The total import volume increased at an average annual r...
In 2016, the amount of oxygen-function amino-compound imported worldwide amounted to X tons, rising by X% against the previous year level. The total import volume increased at an average annual r...