Romania - Glutamic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlutamic Acid Price in Romania - 2023
Contents:
- Glutamic Acid Price in Romania (CIF) - 2023
- Glutamic Acid Price in Romania (FOB) - 2022
- Glutamic Acid Imports in Romania
- Glutamic Acid Exports in Romania
Glutamic Acid Price in Romania (CIF) - 2023
In July 2023, the average glutamic acid import price amounted to $2,335 per ton, falling by -14.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 56% month-to-month. As a result, import price reached the peak level of $2,850 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Greece ($2,633 per ton), while the price for Malaysia ($1,739 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Glutamic Acid Price in Romania (FOB) - 2022
The average glutamic acid export price stood at $2,827 per ton in 2022, which is down by -6% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +56.4% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 36%. Over the period under review, the average export prices reached the peak figure at $3,008 per ton in 2021, and then reduced in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($2,979 per ton) and Moldova ($2,855 per ton), while the average price for exports to Greece ($2,000 per ton) and Turkey ($2,436 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Glutamic Acid Imports in Romania
In 2022, the amount of glutamic acid and its salts imported into Romania surged to 1.4K tons, growing by 25% on the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glutamic acid imports surged to $3.4M in 2022. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Glutamic Acid in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 1,901 | 1,357 | 1,658 | 2,754 | 13.2% |
Hungary | 132 | 90.8 | 141 | 207 | 16.2% |
Netherlands | 0.3 | 4.9 | 62.0 | 132 | 660.6% |
Czech Republic | 23.7 | 92.1 | 95.4 | 109 | 66.3% |
Greece | N/A | N/A | 27.8 | 66.6 | 139.6% |
Poland | 38.9 | 13.8 | 18.8 | 59.3 | 15.1% |
Others | 109 | 158 | 38.2 | 61.3 | -17.5% |
Total | 2,206 | 1,717 | 2,041 | 3,389 | 15.4% |
Top Suppliers of Glutamic Acid to Romania in 2022:
- France (1162.9 tons)
- Hungary (89.6 tons)
- Czech Republic (45.3 tons)
- Netherlands (36.0 tons)
- Greece (30.3 tons)
- Poland (23.5 tons)
Glutamic Acid Exports in Romania
In 2022, overseas shipments of glutamic acid and its salts decreased by -31.5% to 14 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 409%. As a result, the exports attained the peak of 56 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, glutamic acid exports shrank markedly to $39K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 592%. As a result, the exports attained the peak of $137K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Glutamic Acid in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Moldova | 1.2 | 1.1 | 1.2 | 15.9 | 136.6% |
Germany | 6.0 | 110 | 12.7 | 13.5 | 31.0% |
Turkey | N/A | N/A | N/A | 4.9 | 0% |
Hungary | 0.4 | 0.6 | 14.2 | 3.7 | 109.9% |
Bulgaria | 0.6 | N/A | N/A | 1.3 | 29.4% |
France | N/A | 14.9 | 30.6 | 0.2 | -88.4% |
Greece | 11.6 | 10.1 | 2.4 | N/A | -54.5% |
Others | N/A | 0.8 | N/A | N/A | 0% |
Total | 19.8 | 137 | 61.2 | 39.4 | 25.8% |
Top Export Markets for Glutamic Acid from Romania in 2022:
- Greece (undefined tons)
- Moldova (5.6 tons)
- Germany (4.5 tons)
- Turkey (2.0 tons)
- Hungary (1.3 tons)
- Bulgaria (0.5 tons)
- France (0.1 tons)
This report provides an in-depth analysis of the glutamic acid market in Romania. 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:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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