Product
Glycine Price Trends and Forecast
Glycine Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Glycine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Glycine Price Trends for the First Half of 2023
Asia
The Asian Glycine market observed mixed price trendss during the first half of 2023. Glycine prices rose for the entire first quarter as the downstream demands from fodder and pharmaceutical industries rose, and manufacturing also saw a rise. But as the quarter shifted, the inventories started overflowing because of oversupply, and the demands didn’t rise at the same pace and were steady.
These situations called for a decline in prices in the second quarter. Overall, mixed price trendss for Glycine were observed. In January, the spot prices averaged around 1740 USD/MT in the Chinese market. After a narrow rise in Q1, Glycine prices declined in the second quarter averaging 1565 USD/MT in June’23.
Europe
In the European Glycine market, the prices observed a downhill trends throughout the said time period. The upstream costs started normalizing after a long time, with energy and freight costs subsiding slightly. But the supply overflow amidst lackluster demands drove the market sentiments. Prices remained on a declining trajectory throughout H1 2023. Spot prices averaged around 2010 USD/MT in January and ended the second quarter at about 1610 USD/MT.
Analyst insight
According to Procurement Resource, the price trendss for Glycine are expected to fluctuate further, given the current volatile economic scenario. The downstream demands will continue to be the primary driving factor for market trendss.
Procurement Resource provides latest prices of Glycine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Glycine is known as a non-essential, non-polar, non-optical and also as a glucogenic amino acid. It is a colorless, sweet-tasting crystalline solid. It is a crucial component as well as a precursor for several macromolecules in the cells. In food chemistry, glycine is used as a flavorant as it is mildly sweet and counters the aftertaste of saccharine
Product Details
| Report Features | Details |
| Product Name | Glycine |
| Industrial Uses | Lab research, Metal complexing and finishing, Pet food, Animal feed, Component for parenteral and enteral nutrition |
| Chemical Formula | C2H5NO2 |
| Synonyms | 2-Aminoacetic acid, 56-40-6, Aminoacetic acid, Glycocoll, Aciport |
| Molecular Weight | 75.07 g/mol |
| Supplier Database | Acros Organics, Ajinomoto Health & Nutrition North America, Inc, Newtrend Group, Henan HDF Chemical Company,Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production process
- Production of Glycine via Amination; and via Strecker Amino Acid Synthesis
The production of glycine involves the amination of chloroacetic acid with ammonia, which results in the formation of glycine along with ammonium chloride.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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