United Kingdom - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in the UK - 2023
Contents:
- Glutamic Acid Price in the UK (CIF) - 2023
- Glutamic Acid Price in the UK (FOB) - 2022
- Glutamic Acid Imports in the UK
- Glutamic Acid Exports in the UK
Glutamic Acid Price in the UK (CIF) - 2023
The average glutamic acid import price stood at $2,386 per ton in June 2023, which is down by -24.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 407% month-to-month. As a result, import price reached the peak level of $12,455 per ton. From October 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($3,326 per ton), while the price for China ($1,714 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Glutamic Acid Price in the UK (FOB) - 2022
The average glutamic acid export price stood at $2,754 per ton in 2022, falling by -25% against the previous year. In general, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 27% against the previous year. The export price peaked at $3,671 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($3,809 per ton), while the average price for exports to the Netherlands ($2,432 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 Ireland (+2.6%), while the prices for the other major destinations experienced a decline.
Glutamic Acid Imports in the UK
After two years of decline, purchases abroad of glutamic acid and its salts increased by 23% to 11K tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, glutamic acid imports skyrocketed to $21M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glutamic Acid in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.9 | 13.2 | 12.9 | 16.0 | 4.8% |
| China | 0.2 | 0.2 | 0.9 | 1.6 | 100.0% |
| Netherlands | 0.9 | 0.8 | 0.9 | 0.5 | -17.8% |
| Indonesia | 0.7 | 0.3 | 0.4 | 0.5 | -10.6% |
| Germany | 1.2 | 0.8 | 0.3 | 0.1 | -56.3% |
| Ireland | 0.7 | 0.8 | 0.2 | N/A | -46.5% |
| Others | 0.8 | 1.7 | 1.5 | 1.9 | 33.4% |
| Total | 18.3 | 17.8 | 17.1 | 20.8 | 4.4% |
Top Suppliers of Glutamic Acid to the UK in 2022:
- Ireland (undefinedK tons)
- Germany (undefinedK tons)
- France (9.0K tons)
- China (0.9K tons)
- Indonesia (0.3K tons)
- Netherlands (0.2K tons)
Glutamic Acid Exports in the UK
In 2022, approx. 294 tons of glutamic acid and its salts were exported from the UK; growing by 15% compared with 2021 figures. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 63%. As a result, the exports reached the peak of 694 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, glutamic acid exports reduced to $811K in 2022. Overall, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 108%. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Glutamic Acid in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 488 | 356 | 492 | 435 | -3.8% |
| Ireland | 240 | 274 | 18.0 | 199 | -6.1% |
| France | 40.3 | 1,154 | 31.1 | 15.3 | -27.6% |
| Singapore | 93.4 | 245 | 63.4 | N/A | -17.6% |
| Others | 200 | 178 | 333 | 161 | -7.0% |
| Total | 1,062 | 2,207 | 938 | 811 | -8.6% |
Top Export Markets for Glutamic Acid from the UK in 2022:
- Netherlands (179.0 tons)
- Ireland (67.9 tons)
- France (4.0 tons)
This report provides an in-depth analysis of the glutamic acid market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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