Report Update Nov 1, 2024

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

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Portugal: Glutamic Acid Market 2024

Glutamic Acid Market Size in Portugal

The Portuguese glutamic acid market surged to $X in 2022, increasing by 24% 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, however, continues to indicate a prominent expansion. Glutamic acid consumption peaked in 2022 and is likely to continue growth in the immediate term.

Glutamic Acid Exports

Exports from Portugal

In 2022, exports of glutamic acid and its salts from Portugal fell remarkably to X tons, waning by -80.5% against the previous year. Overall, exports continue to indicate a significant contraction. The growth pace was the most rapid in 2017 when exports increased by 2,860%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glutamic acid exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 2,986% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for glutamic acid exports from Portugal, accounting for a 78% share of total exports. Moreover, glutamic acid exports to Spain exceeded the volume sent to the second major destination, Angola (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled -25.5%.

In value terms, Spain ($X) remains the key foreign market for glutamic acid and its salts exports from Portugal, comprising 79% of total exports. The second position in the ranking was held by Angola ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to -11.6%.

Export Prices by Country

The average glutamic acid export price stood at $X per ton in 2022, with an increase of 49% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 107% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably 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 Angola amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+94.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports

Imports into Portugal

In 2022, after three years of growth, there was decline in supplies from abroad of glutamic acid and its salts, when their volume decreased by -2.9% to X tons. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, glutamic acid imports soared to $X in 2022. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest glutamic acid supplier to Portugal, with a 68% share of total imports. Moreover, glutamic acid imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+43.5% per year) and Belgium (+93.8% per year).

In value terms, France ($X) constituted the largest supplier of glutamic acid and its salts to Portugal, comprising 62% of total imports. The second position in the ranking was taken by Spain ($X), with a 26% share of total imports. It was followed by Belgium, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+42.7% per year) and Belgium (+115.7% per year).

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, rising by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.3%), 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, comprising approx. 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 Portugal?

In value terms, the largest glutamic acid suppliers to Portugal were the Netherlands and Spain.

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

In value terms, Spain remains the key foreign market for glutamic acid exports from Portugal, comprising 74% of total exports. The second position in the ranking was occupied by Angola, with a 26% share of total exports.

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

In 2021, the average glutamic acid export price amounted to $1,455 per ton, surging by 10% against the previous year.

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

The average glutamic acid import price stood at $1,576 per ton in 2021, standing approx. at the previous year.

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

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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