MERCOSUR: Glutamic Acid Market 2024

Glutamic Acid Market Size in MERCOSUR

For the third consecutive year, the MERCOSUR glutamic acid market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Glutamic Acid Production in MERCOSUR

In value terms, glutamic acid production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Glutamic Acid Exports

Exports in MERCOSUR

In 2022, after two years of decline, there was growth in shipments abroad of glutamic acid and its salts, when their volume increased by X% to X tons. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, glutamic acid exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Peru (X tons) held a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of glutamic acid and its salts. Peru (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest glutamic acid supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

In Brazil, glutamic acid exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%).

Glutamic Acid Imports

Imports in MERCOSUR

In 2022, imports of glutamic acid and its salts in MERCOSUR skyrocketed to X tons, surging by X% against 2021. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, glutamic acid imports skyrocketed to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Peru (X tons), distantly followed by Colombia (X tons), Ecuador (X tons), Argentina (X tons), Brazil (X tons) and Chile (X tons) were the key importers of glutamic acid and its salts, together committing X% of total imports. Venezuela (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Brazil ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :