United Kingdom: Glutamic Acid Market 2024

Glutamic Acid Market Size in the UK

In 2022, the UK glutamic acid market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Glutamic Acid Exports

Exports from the UK

In 2022, approx. X tons of glutamic acid and its salts were exported from the UK; with an increase of X% on 2021 figures. Overall, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, glutamic acid exports shrank to $X in 2022. In general, exports saw a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for glutamic acid exports from the UK, accounting for a X% share of total exports. Moreover, glutamic acid exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and France (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for glutamic acid and its salts exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and France (X% per year).

Export Prices by Country

The average glutamic acid export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X 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 (X%), while the prices for the other major destinations experienced a decline.

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Glutamic Acid Imports

Imports into the UK

After two years of decline, purchases abroad of glutamic acid and its salts increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, glutamic acid imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of glutamic acid to the UK, accounting for a X% share of total imports. Moreover, glutamic acid imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, France ($X) constituted the largest supplier of glutamic acid and its salts to the UK, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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