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Imports of glutamic acid have surged to a record high of $335K in 2023, with continued growth expected in the near future.
Imports of Glutamic Acid reached their highest point and are expected to keep growing in the near future. In terms of value, glutamic acid imports surged to $335K in 2023.
The growth rate for Glutamic Acid was especially high in September 2023, increasing by 30% month-to-month. The value of glutamic acid exports surged to $10M in November 2023.
The growth rate of Glutamic Acid exports peaked in March 2023 with a 29% increase from the previous month, reaching a value of $15M in November 2023.
Imports of Glutamic Acid experienced a significant decline from March 2023 to October 2023, reaching a value of only $1.2M in October 2023.
Between June 2023 and September 2023, imports of Glutamic Acid experienced a significant decline, reaching a value of $608K in September 2023.
In May 2023, there was a significant growth rate recorded with exports of Glutamic Acid increasing by 27% month-on-month. However, in July 2023, the value of Glutamic Acid exports decreased to $9M.
The price of Glutamic Acid in July 2023 was $1,539 per ton (CIF, India), showing a 1.7% increase compared to the previous month.
As of June 2023, the price of Glutamic Acid reached $1,817 per ton (CIF, Australia), experiencing a 5.6% increase compared to the previous month.
In May 2023, the price of Glutamic Acid was $2,023 per ton (CIF, US), experiencing a decrease of 10.4% compared to the previous month.
In April 2023, the glutamic acid price amounted to $1,482 per ton (CIF, South Africa), increasing by 2.8% against the previous month.
In February 2023, the glutamic acid price stood at $1,790 per ton (CIF, Japan), approximately reflecting the previous month.