Colombia: Glutamic Acid Market 2025

Glutamic Acid Market Size in Colombia

The Colombian glutamic acid market contracted notably to $X in 2022, waning by -16.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a slight slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Glutamic Acid Exports

Exports from Colombia

In 2022, approx. X tons of glutamic acid and its salts were exported from Colombia; increasing by 172% against 2021 figures. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 173% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, glutamic acid exports skyrocketed to $X in 2022. Overall, exports continue to indicate resilient growth. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons), Tanzania (X tons) and the Dominican Republic (X tons) were the main destinations of glutamic acid exports from Colombia, together comprising 84% of total exports. Ecuador and Venezuela lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +111.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), the Dominican Republic ($X) and Ecuador ($X) constituted the largest markets for glutamic acid exported from Colombia worldwide, together accounting for 82% of total exports.

Among the main countries of destination, Ecuador, with a CAGR of +66.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glutamic acid export price stood at $X per ton in 2022, declining by -33.9% against the previous year. Over the period under review, the export price faced a deep reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Tanzania ($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 Guatemala (-8.9%), while the prices for the other major destinations experienced a decline.

Glutamic Acid Imports

Imports into Colombia

In 2022, approx. X tons of glutamic acid and its salts were imported into Colombia; which is down by -10.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, glutamic acid imports declined sharply to $X in 2022. In general, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Peru (X tons) were the main suppliers of glutamic acid imports to Colombia, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +5.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest glutamic acid suppliers to Colombia were Brazil ($X), China ($X) and Peru ($X), with a combined 94% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +1.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, reducing by -6.4% against the previous year. Over the period under review, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 7.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for China ($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 (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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