Report Update Nov 1, 2024

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

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Japan: Glutamic Acid Market 2024

Glutamic Acid Market Size in Japan

In 2022, after three years of decline, there was significant growth in the Japanese glutamic acid market, when its value increased by 38% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glutamic Acid Exports

Exports from Japan

Glutamic acid exports from Japan dropped slightly to X tons in 2022, waning by -2.4% against 2021. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 53% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, glutamic acid exports dropped to $X in 2022. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 56%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Vietnam (X tons) was the main destination for glutamic acid exports from Japan, accounting for a 47% share of total exports. Moreover, glutamic acid exports to Vietnam exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +98.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.8% per year) and the Netherlands (+8.8% per year).

In value terms, the United States ($X), the Netherlands ($X) and Vietnam ($X) were the largest markets for glutamic acid exported from Japan worldwide, with a combined 68% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +72.5%, 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, which is down by -12.6% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 15%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Vietnam ($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 South Korea (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports

Imports into Japan

In 2022, purchases abroad of glutamic acid and its salts was finally on the rise to reach X tons after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glutamic acid imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Vietnam (X tons) and Brazil (X tons) were the main suppliers of glutamic acid imports to Japan, with a combined 84% share of total imports. China, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +6.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Vietnam ($X) and Brazil ($X) were the largest glutamic acid suppliers to Japan, with a combined 86% share of total imports. China, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, China, with a CAGR of +5.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glutamic acid import price stood at $X per ton in 2022, growing by 31% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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 accounting for 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, accounting for 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 Japan?

In value terms, Indonesia, Vietnam and Brazil were the largest glutamic acid suppliers to Japan, together accounting for 85% of total imports.

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

In value terms, the United States emerged as the key foreign market for glutamic acid exports from Japan, comprising 36% of total exports. The second position in the ranking was occupied by the Netherlands, with an 18% share of total exports. It was followed by Vietnam, with a 17% share.

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

In 2021, the average glutamic acid export price amounted to $3,358 per ton, growing by 13% against the previous year.

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

The average glutamic acid import price stood at $1,335 per ton in 2021, stabilizing at the previous year.

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

Japan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Japan
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. 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