Republic of Korea - Crude Glycerol, Glycerine Waters And Lyes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Glycerol Price in South Korea - 2022
Contents:
- Crude Glycerol Price in South Korea (FOB) - 2022
- Crude Glycerol Price in South Korea (CIF) - 2022
- Crude Glycerol Exports in South Korea
- Crude Glycerol Imports in South Korea
Crude Glycerol Price in South Korea (FOB) - 2022
In 2022, the average crude glycerol export price amounted to $573 per ton, growing by 44% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 76% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($808 per ton), while the average price for exports to Thailand ($428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+82.7%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Glycerol Price in South Korea (CIF) - 2022
The average crude glycerol import price stood at $827 per ton in December 2022, jumping by 20% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2022 an increase of 107% month-to-month. Over the period under review, average import prices hit record highs at $973 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the Philippines ($884 per ton), while the price for the United States ($225 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+65.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Glycerol Exports in South Korea
In 2022, overseas shipments of crude glycerol, glycerine waters and lyes decreased by -29.4% to 33K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of 47K tons, and then dropped dramatically in the following year.
In value terms, crude glycerol exports expanded slightly to $19M in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 181%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Crude Glycerol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 5.8 | 17.9 | 16.0 | 49.4% |
| Turkey | N/A | 0.4 | N/A | 1.4 | 87.1% |
| Thailand | N/A | N/A | 0.3 | 1.3 | 333.3% |
| Others | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
| Total | 5.2 | 6.6 | 18.6 | 18.9 | 53.8% |
Top Export Markets for Crude Glycerol from South Korea in 2022:
- China (27.9K tons)
- Thailand (3.1K tons)
- Turkey (1.7K tons)
Crude Glycerol Imports in South Korea
In 2022, the amount of crude glycerol, glycerine waters and lyes imported into South Korea surged to 14K tons, with an increase of 28% compared with 2021 figures. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 239% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, crude glycerol imports skyrocketed to $10M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 361%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Crude Glycerol in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 214 | 341 | 441 | 3,559 | 155.3% |
| United States | 20.0 | 45.6 | 938 | 3,449 | 456.6% |
| Indonesia | 1,142 | 1,012 | 4,534 | 1,768 | 15.7% |
| Malaysia | 67.9 | 59.5 | 89.0 | 552 | 101.1% |
| Argentina | N/A | N/A | N/A | 473 | 0% |
| Japan | N/A | 0.8 | 56.9 | 295 | 1820.3% |
| Others | 34.1 | 13.1 | 727 | 213 | 84.2% |
| Total | 1,478 | 1,472 | 6,785 | 10,309 | 91.1% |
Top Suppliers of Crude Glycerol to South Korea in 2022:
- United States (5.5K tons)
- Philippines (4.1K tons)
- Indonesia (2.0K tons)
- Malaysia (1.4K tons)
- Japan (0.5K tons)
- Argentina (0.5K tons)
This report provides an in-depth analysis of the crude glycerol market in Republic of Korea. 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 20411000 - Glycerol (glycerine), crude, glycerol waters and glycerol lyes
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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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