The role of China in the world of raw materials
Global trade of raw materials for human and animal nutrition is crucial for the global economy, with China playing a pivotal role as a leading producer and exporter of many essential ingredients such as amino acids, which are vital for animal nutrition, and other important food additives and raw materials.
These exports are indispensable for the rest of countries with limited production, ensuring a steady supply of necessary nutrients and preventing food shortages for humans and animals. Thus, the international exchange of nutritional raw materials is fundamental to sustaining global economic health and well-being.
L-Threonine as an example of how dynamic markets are
Although there are thousands of products traded in Kemiex that have an impact on the global economy, in this case, we looked at the exports from L-Threonine from 2017 to 2023. L-Threonine is commonly used as a dietary supplement in animal feed to improve growth and feed efficiency. This amino acid is essential for animals, just as it is for humans. It plays an important role in maintaining overall health and well-being.
Highlights from the infographic
To put things into perspective, between 2017 and 2023, the top 4 countries buying those exports were never the same, and we can see countries going from 10th to 2nd in the ranking in 1 year.
- The country topping the list most times is The Netherlands, leading the ranking every year, excluding 2019 and 2020.
- The silver medal is for Brazil, with 4 2nd places and 1 leading position, in 2020.
In total, the export volumes of L-Threonine grew by a staggering 47% in just a few years, going from 387k MT in 2017 to 589k MT in 2023.
This piece is a single example of how dynamic and diverse global markets are. However, it is important to note that each product traded globally paints a similar picture: The flows of goods change over time, affected by many factors (regulation, tariffs, population growth, development of the economy, etc.), making global markets a very unpredictable game.
Insights in Imports and Exports with Trade Flows
Trade Flows helps you gain insights into the dynamics of international commerce. Understanding import/export volumes and prices is pivotal for businesses seeking growth and expansion opportunities. Trade Flows acts as a radar, guiding supply teams through the complexities of international trade.