EU: Glutamic Acid Market 2024

Glutamic Acid Market Size in the EU

In 2022, the EU glutamic acid market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Glutamic Acid Production in the EU

In value terms, glutamic acid production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X,461% against the previous year. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Glutamic Acid Exports

Exports in the EU

In 2022, after four years of growth, there was significant decline in overseas shipments of glutamic acid and its salts, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, glutamic acid exports rose significantly to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

France prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports. The following exporters - Poland (X tons) and Germany (X tons) - each reached a X% share of total exports.

Exports from France decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) and the Netherlands (X%) illustrated a downward trend over the same period. France (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest glutamic acid supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In France, glutamic acid exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while France ($X per ton) was amongst the lowest.

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

Glutamic Acid Imports

Imports in the EU

In 2022, glutamic acid imports in the European Union contracted modestly to X tons, dropping by X% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, glutamic acid imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons), Germany (X tons) and the Netherlands (X tons) represented the main importer of glutamic acid and its salts in the European Union, mixing up X% of total import. It was distantly followed by Poland (X tons), Croatia (X tons), Austria (X tons) and Italy (X tons), together creating a X% share of total imports. Portugal (X tons), Hungary (X tons), Slovakia (X tons), France (X tons), Romania (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glutamic acid importing markets in the European Union were Spain ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. Poland, Austria, Croatia, Italy, Hungary, Portugal, Slovakia, France, Romania and the Czech Republic lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Romania ($X per ton) and Hungary ($X per ton), while Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :