Report Update Nov 1, 2024

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

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Kazakhstan: Glutamic Acid Market 2024

Glutamic Acid Market Size in Kazakhstan

The Kazakh glutamic acid market expanded significantly to $X in 2022, growing by 13% 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 continues to indicate a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Glutamic Acid Exports

Exports from Kazakhstan

For the third year in a row, Kazakhstan recorded growth in overseas shipments of glutamic acid and its salts, which increased by 1,420% to X tons in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glutamic acid exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) was the main destination for glutamic acid exports from Kazakhstan, accounting for a 100% share of total exports. It was followed by Russia (X kg), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan amounted to +46.9%.

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for glutamic acid and its salts exports from Kazakhstan, comprising 97% of total exports. The second position in the ranking was held by Russia ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kyrgyzstan stood at +44.2%.

Export Prices by Country

In 2022, the average glutamic acid export price amounted to $X per ton, surging by 152% against the previous year. Overall, the export price, however, continues to indicate a mild curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+276.0%).

Glutamic Acid Imports

Imports into Kazakhstan

In 2022, imports of glutamic acid and its salts into Kazakhstan rose notably to X tons, surging by 6.5% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 190% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, glutamic acid imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 199% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of glutamic acid to Kazakhstan, with a 91% share of total imports. Moreover, glutamic acid imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +24.9%.

In value terms, China ($X) constituted the largest supplier of glutamic acid and its salts to Kazakhstan, comprising 85% of total imports. The second position in the ranking was held by Russia ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +22.8%.

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, picking up by 8.6% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.7%).

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?

China remains the largest glutamic acid producing country worldwide, accounting for 67% of total volume. Moreover, glutamic acid production in China exceeded the figures recorded by the second-largest producer, Brazil, fivefold. Indonesia ranked third in terms of total production with a 12% share.

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

In value terms, China constituted the largest supplier of glutamic acid to Kazakhstan, comprising 90% of total imports. The second position in the ranking was occupied by Russia, with a 7.4% share of total imports.

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

In value terms, Kyrgyzstan remains the key foreign market for glutamic acid exports from Kazakhstan.

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

In 2021, the average glutamic acid export price amounted to $1,789 per ton, which is down by -2.6% against the previous year.

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

The average glutamic acid import price stood at $1,002 per ton in 2021, remaining stable against the previous year.

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

Kazakhstan

Data coverage:

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