Report Update Nov 1, 2024

Benelux - Glutamic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Benelux: Glutamic Acid Market 2024

Glutamic Acid Market Size in Benelux

The Benelux glutamic acid market shrank significantly to $X in 2022, waning by -30.2% against the previous year. In general, consumption continues to indicate a pronounced decline. The level of consumption peaked at $X in 2021, and then fell rapidly in the following year.

Glutamic Acid Production in Benelux

In value terms, glutamic acid production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume decreased by 99.9% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Glutamic Acid Exports

Exports in Benelux

In 2022, overseas shipments of glutamic acid and its salts decreased by -10.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 35%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glutamic acid exports expanded notably to $X in 2022. Overall, exports showed a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands dominates exports structure, amounting to X tons, which was approx. 97% of total exports in 2022. Belgium (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the glutamic acid and its salts exports, with a CAGR of -4.3% from 2012 to 2022. Belgium (-22.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +17 percentage points.

In value terms, the Netherlands ($X) remains the largest glutamic acid supplier in Benelux, comprising 96% of total exports. The second position in the ranking was held by Belgium ($X), with a 3.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled -1.2%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%).

Glutamic Acid Imports

Imports in Benelux

After four years of growth, purchases abroad of glutamic acid and its salts decreased by -31.4% to X tons in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glutamic acid imports fell to $X in 2022. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands prevails in imports structure, recording X tons, which was near 94% of total imports in 2022. It was distantly followed by Belgium (X tons), comprising a 6.4% share of total imports.

The Netherlands was also the fastest-growing in terms of the glutamic acid and its salts imports, with a CAGR of -4.6% from 2012 to 2022. Belgium (-8.8%) illustrated a downward trend over the same period. The Netherlands (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -3.2% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported glutamic acid and its salts in Benelux, comprising 92% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to -1.3%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%).

Source: IndexBox Platform

This report provides an in-depth analysis of the glutamic acid market in Benelux. 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:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Benelux, split by region and country
Trade (exports and imports) in Benelux
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Belgium
- Luxembourg
- Netherlands
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023