Vietnam - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Vietnam - 2021
Contents:
- Glutamic Acid Price in Vietnam (FOB) - 2022
- Glutamic Acid Price in Vietnam (CIF) - 2022
- Glutamic Acid Exports in Vietnam
- Glutamic Acid Imports in Vietnam
Glutamic Acid Price in Vietnam (FOB) - 2022
The average glutamic acid export price stood at $1,535 per ton in 2022, growing by 2.8% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 11%. The export price peaked at $1,829 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 Spain ($1,919 per ton), while the average price for exports to Nigeria ($926 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 the United States (+3.4%), while the prices for the other major destinations experienced a decline.
Glutamic Acid Price in Vietnam (CIF) - 2022
The average glutamic acid import price stood at $1,455 per ton in 2022, declining by -2.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 15%. Over the period under review, average import prices attained the maximum at $1,497 per ton in 2021, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($1,765 per ton), while the price for the Philippines ($259 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.
Glutamic Acid Exports in Vietnam
In 2022, exports of glutamic acid and its salts from Vietnam totaled 58K tons, approximately equating the year before. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 5.3% against the previous year. As a result, the exports reached the peak of 69K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, glutamic acid exports rose modestly to $89M in 2022. In general, exports, however, continue to indicate a mild decrease.
| Export of Glutamic Acid in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 45.5 | 45.4 | 39.9 | 38.5 | -5.4% |
| United States | 14.7 | 14.8 | 13.1 | 21.5 | 13.5% |
| Cambodia | 15.9 | 17.4 | 15.2 | 11.4 | -10.5% |
| Nigeria | 2.8 | 3.8 | 3.9 | 3.3 | 5.6% |
| Taiwan (Chinese) | 0.7 | 0.7 | 3.4 | 2.5 | 52.9% |
| Spain | 2.6 | 1.0 | 1.1 | 1.7 | -13.2% |
| Philippines | 2.4 | 2.1 | 2.0 | 1.5 | -14.5% |
| Lao People's Democratic Republic | 2.7 | 0.7 | 0.4 | 0.8 | -33.3% |
| Others | 5.4 | 7.0 | 6.8 | 8.1 | 14.5% |
| Total | 92.8 | 93.0 | 85.8 | 89.4 | -1.2% |
Top Export Markets for Glutamic Acid from Vietnam in 2022:
- Japan (24.1K tons)
- United States (11.2K tons)
- Cambodia (9.9K tons)
- Nigeria (3.6K tons)
- Taiwan (Chinese) (2.2K tons)
- Philippines (0.9K tons)
- Spain (0.9K tons)
- Lao People's Democratic Republic (0.5K tons)
Glutamic Acid Imports in Vietnam
In 2022, purchases abroad of glutamic acid and its salts was finally on the rise to reach 67K tons after two years of decline. In general, imports, however, showed a deep reduction.
In value terms, glutamic acid imports rose notably to $98M in 2022. Overall, imports, however, recorded a noticeable decrease.
| Import of Glutamic Acid in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 84.1 | 83.6 | 64.3 | 70.4 | -5.8% |
| Thailand | 4.6 | 18.5 | 13.4 | 16.0 | 51.5% |
| Indonesia | 1.7 | 2.6 | 2.8 | 3.4 | 26.0% |
| Lao People's Democratic Republic | 1.8 | 1.4 | 1.9 | 2.3 | 8.5% |
| Brazil | 18.2 | 1.3 | 1.7 | 1.8 | -53.8% |
| Philippines | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Others | 0.5 | 1.1 | 2.4 | 3.6 | 93.1% |
| Total | 111 | 109 | 86.7 | 97.6 | -4.2% |
Top Suppliers of Glutamic Acid to Vietnam in 2022:
- China (48.5K tons)
- Thailand (10.4K tons)
- Indonesia (2.2K tons)
- Lao People's Democratic Republic (1.3K tons)
- Brazil (1.2K tons)
- Philippines (1.2K tons)
This report provides an in-depth analysis of the glutamic acid market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
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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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