Report Update: May 1, 2024

Netherlands - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights

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Glutamic Acid Price in the Netherlands - 2023

Glutamic Acid Price in the Netherlands (CIF) - 2023

The average glutamic acid import price stood at $2,304 per ton in July 2023, waning by -7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 7.5% against the previous month. Over the period under review, average import prices attained the maximum at $2,477 per ton in June 2023, and then shrank in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,771 per ton), while the price for Belgium ($1,759 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Glutamic Acid Price in the Netherlands (FOB) - 2023

The average glutamic acid export price stood at $3,709 per ton in July 2023, increasing by 9.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.1%. The growth pace was the most rapid in May 2023 an increase of 12% month-to-month. As a result, the export price attained the peak level of $3,744 per ton; afterwards, it flattened through to July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($12,478 per ton), while the average price for exports to Spain ($2,709 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports in the Netherlands

In 2022, imports of glutamic acid and its salts into the Netherlands fell dramatically to 9.2K tons, reducing by -31.3% on the previous year's figure. In general, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of 13K tons, and then reduced sharply in the following year.

In value terms, glutamic acid imports shrank to $21M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $23M, and then declined in the following year.

Import of Glutamic Acid in the Netherlands (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	9.7	6.9	11.6	10.3	2.0%
Germany	2.5	2.5	3.5	3.4	10.8%
Vietnam	N/A	0.2	0.2	2.2	231.7%
Indonesia	2.2	4.8	4.6	2.0	-3.1%
Belgium	0.1	0.2	0.1	0.6	81.7%
United Kingdom	0.4	0.2	0.4	0.4	0.0%
Japan	0.7	0.8	0.9	N/A	13.4%
Others	0.7	0.9	1.2	1.6	31.7%
Total	16.2	16.5	22.6	20.6	8.3%

Top Suppliers of Glutamic Acid to the Netherlands in 2022:

France (4.7K tons)
Germany (1.4K tons)
Indonesia (1.0K tons)
Vietnam (1.0K tons)
Belgium (0.3K tons)
United Kingdom (0.2K tons)

Glutamic Acid Exports in the Netherlands

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 -7.6% to 5K tons. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of 5.4K tons, and then fell in the following year.

In value terms, glutamic acid exports rose notably to $14M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Glutamic Acid in the Netherlands (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.2	4.5	5.5	5.1	6.7%
Belgium	1.4	1.1	1.2	1.3	-2.4%
United Kingdom	N/A	0.6	0.3	1.0	29.1%
France	0.6	0.8	1.0	0.9	14.5%
Hungary	N/A	0.5	N/A	0.9	34.2%
Czech Republic	0.6	0.5	0.9	0.8	10.1%
Spain	0.3	0.6	0.5	0.8	38.7%
Italy	0.1	0.3	0.2	0.6	81.7%
Poland	0.1	0.1	N/A	0.5	71.0%
Austria	0.5	0.6	0.8	0.4	-7.2%
Sweden	0.3	0.3	0.4	0.3	0.0%
Others	0.6	0.8	1.5	1.1	22.4%
Total	8.6	10.6	12.4	13.9	17.4%

Top Export Markets for Glutamic Acid from the Netherlands in 2022:

Germany (1901.1 tons)
Belgium (522.1 tons)
United Kingdom (354.5 tons)
Hungary (350.4 tons)
Czech Republic (318.4 tons)
France (283.1 tons)
Spain (228.0 tons)
Italy (199.4 tons)
Poland (195.3 tons)
Austria (113.8 tons)
Sweden (104.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the glutamic acid market in the Netherlands. 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:

Netherlands

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Netherlands
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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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
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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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023