Report Update Nov 1, 2024

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

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Saudi Arabia: Glutamic Acid Market 2024

Glutamic Acid Market Size in Saudi Arabia

The Saudi glutamic acid market shrank to $X in 2022, waning by -14.5% 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). Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Glutamic Acid Exports

Exports from Saudi Arabia

Glutamic acid exports from Saudi Arabia declined dramatically to X tons in 2018, with a decrease of -34.3% against the previous year's figure. Over the period under review, exports recorded a precipitous slump. The exports peaked at X tons in 2017, and then declined notably in the following year.

In value terms, glutamic acid exports reduced notably to $X in 2018. Overall, exports continue to indicate a significant decrease. Over the period under review, the exports attained the peak figure at $X in 2017, and then contracted markedly in the following year.

Exports by Country

Sudan (X tons) was the main destination for glutamic acid exports from Saudi Arabia, accounting for a 94% share of total exports. Moreover, glutamic acid exports to Sudan exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2017 to 2018, the average annual growth rate of volume to Sudan was relatively modest.

In value terms, Sudan ($X) emerged as the key foreign market for glutamic acid and its salts exports from Saudi Arabia, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.6% share of total exports.

From 2017 to 2018, the average annual rate of growth in terms of value to Sudan was relatively modest.

Export Prices by Country

In 2018, the average glutamic acid export price amounted to $X per ton, picking up by 2.2% against the previous year. Over the period from 2017 to 2018, it increased at an average annual rate of +2.2%. 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 export markets. In 2018, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glutamic Acid Imports

Imports into Saudi Arabia

In 2022, the amount of glutamic acid and its salts imported into Saudi Arabia shrank to X tons, falling by -10% against 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 42%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, glutamic acid imports declined markedly to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 76% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of glutamic acid imports to Saudi Arabia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +11.7%), while imports for the other leaders experienced a decline.

In value terms, Indonesia ($X), Malaysia ($X) and China ($X) appeared to be the largest glutamic acid suppliers to Saudi Arabia, together accounting for 99% of total imports.

Indonesia, with a CAGR of +13.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average glutamic acid import price amounted to $X per ton, reducing by -5.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2016 an increase of 24% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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?

China constituted the country with the largest volume of glutamic acid production, 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 Saudi Arabia?

In value terms, Indonesia constituted the largest supplier of glutamic acid to Saudi Arabia, comprising 80% of total imports. The second position in the ranking was occupied by Malaysia, with a 12% share of total imports.

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

The average glutamic acid export price stood at $1,327 per ton in 2018, approximately equating the previous year.

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

The average glutamic acid import price stood at $2,036 per ton in 2021, almost unchanged from the previous year.

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

Saudi Arabia

Data coverage:

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