Germany: Glutamic Acid Market 2024

Glutamic Acid Market Size in Germany

The German glutamic acid market rose modestly to $X in 2022, surging by 4.3% 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). In general, consumption saw a relatively flat trend pattern. Glutamic acid consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Glutamic Acid Exports

Exports from Germany

In 2022, glutamic acid exports from Germany expanded notably to X tons, with an increase of 7.3% compared with 2021 figures. Over the period under review, exports, however, saw a mild descent. The growth pace was the most rapid in 2021 when exports increased by 59%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glutamic acid exports soared to $X in 2022. In general, exports saw a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of glutamic acid exports from Germany, with a combined 51% share of total exports. Belgium, Switzerland, Turkey, the Czech Republic, the United States, France, Ireland, Austria, the UK and Greece lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glutamic acid exported from Germany were Turkey ($X), the United States ($X) and Poland ($X), together comprising 45% of total exports.

The United States, with a CAGR of +58.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glutamic acid export price amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 an increase of 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Spain ($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 Austria (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports

Imports into Germany

In 2022, glutamic acid imports into Germany declined to X tons, with a decrease of -13% against the previous year's figure. Over the period under review, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, glutamic acid imports expanded significantly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest glutamic acid supplier to Germany, accounting for a 72% share of total imports. Moreover, glutamic acid imports from France exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.2% per year) and the Netherlands (-10.3% per year).

In value terms, France ($X) constituted the largest supplier of glutamic acid and its salts to Germany, comprising 67% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7% share of total imports. It was followed by the Netherlands, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+6.7% per year) and the Netherlands (-9.1% per year).

Import Prices by Country

The average glutamic acid import price stood at $X per ton in 2022, rising by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :