Poland: Glutamic Acid Market 2024

Glutamic Acid Market Size in Poland

In 2022, the Polish glutamic acid market increased by 30% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, recorded a perceptible setback. Glutamic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Glutamic Acid Exports

Exports from Poland

In 2022, overseas shipments of glutamic acid and its salts decreased by -15.2% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 342%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, glutamic acid exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 318% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for glutamic acid exports from Poland, with a 37% share of total exports. Moreover, glutamic acid exports to Germany exceeded the volume sent to the second major destination, Croatia (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+9.4% per year) and Russia (+131.3% per year).

In value terms, Germany ($X) remains the key foreign market for glutamic acid and its salts exports from Poland, comprising 33% of total exports. The second position in the ranking was held by Croatia ($X), with an 11% share of total exports. It was followed by Austria, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+14.4% per year) and Austria (+160.8% per year).

Export Prices by Country

In 2022, the average glutamic acid export price amounted to $X per ton, rising by 41% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glutamic acid export price increased by +67.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the average price for exports to Russia ($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 Spain (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports

Imports into Poland

Glutamic acid imports into Poland fell slightly to X tons in 2022, waning by -2.7% against the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 56%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, glutamic acid imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 57%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of glutamic acid to Poland, with a 42% share of total imports. Moreover, glutamic acid imports from France exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.6% per year) and Malaysia (+3,893.9% per year).

In value terms, France ($X) constituted the largest supplier of glutamic acid and its salts to Poland, comprising 43% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.2% per year) and Malaysia (+3,410.8% per year).

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, surging by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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