Report Update Nov 1, 2024

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

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Indonesia: Glutamic Acid Market 2024

Glutamic Acid Market Size in Indonesia

The Indonesian glutamic acid market surged to $X in 2022, increasing by 121% against the previous year. Over the period under review, consumption saw a significant expansion. Glutamic acid consumption peaked in 2022 and is expected to retain growth in years to come.

Glutamic Acid Production in Indonesia

In value terms, glutamic acid production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 3.1% against the previous year. Glutamic acid production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Glutamic Acid Exports

Exports from Indonesia

In 2022, overseas shipments of glutamic acid and its salts increased by 7.7% to X tons for the first time since 2013, thus ending a eight-year declining trend. In general, exports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2013 with an increase of 12%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glutamic acid exports skyrocketed to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), South Korea (X tons) and Malaysia (X tons) were the main destinations of glutamic acid exports from Indonesia, together accounting for 69% of total exports. The Philippines, Saudi Arabia, Taiwan (Chinese), the Netherlands, Thailand, Singapore, Hong Kong SAR, the United States, Vietnam and China lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glutamic acid exported from Indonesia were Japan ($X), South Korea ($X) and Malaysia ($X), with a combined 70% share of total exports. The Philippines, Saudi Arabia, Taiwan (Chinese), Singapore, the Netherlands, Thailand, Hong Kong SAR, Vietnam, the United States and China lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +15.7%, 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

In 2022, the average glutamic acid export price amounted to $X per ton, jumping by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and the Philippines ($X per ton), while the average price for exports to the United States ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports

Imports into Indonesia

Glutamic acid imports into Indonesia soared to X tons in 2022, rising by 126% compared with the previous year's figure. In general, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glutamic acid imports surged to $X in 2022. Over the period under review, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of glutamic acid to Indonesia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.0%.

In value terms, China ($X) constituted the largest supplier of glutamic acid and its salts to Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.6%.

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, growing by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glutamic acid and its salts in the world?

The countries with the highest volumes of in 2021 were Japan, Myanmar and Nigeria, with a combined 28% share of global consumption. Indonesia, Taiwan Chinese), China, Brazil, the Philippines, South Korea, India, Malaysia, Vietnam and Mexico lagged somewhat behind, together comprising a further 44%.

What are the largest producers of glutamic acid and its salts in the world?

The country with the largest volume of glutamic acid production was China, comprising approx. 67% of total volume. Moreover, glutamic acid production in China exceeded the figures recorded by the second-largest producer, Brazil, fivefold. The third position in this ranking was occupied by Indonesia, with a 12% share.

What are the leading suppliers of glutamic acid and its salts to Indonesia?

In value terms, China constituted the largest supplier of glutamic acid to Indonesia.

What are the leading importers of glutamic acid and its salts from Indonesia?

In value terms, the largest markets for glutamic acid exported from Indonesia were Japan, South Korea and Malaysia, together accounting for 66% of total exports. The Philippines, Saudi Arabia, the Netherlands, Thailand, Taiwan Chinese), Singapore, Vietnam, Hong Kong SAR and the United States lagged somewhat behind, together accounting for a further 26%.

What is the average export price for glutamic acid and its salts in Indonesia?

In 2021, the average glutamic acid export price amounted to $1,332 per ton, growing by 1.5% against the previous year.

What is the average import price for glutamic acid and its salts in Indonesia?

The average glutamic acid import price stood at $978 per ton in 2021, increasing by 5.1% against the previous year.

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

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
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
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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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023