Philippines - Crude Glycerol, Glycerine Waters And Lyes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Glycerol Price in the Philippines - 2023
Contents:
- Crude Glycerol Price in the Philippines (FOB) - 2023
- Crude Glycerol Price in the Philippines (CIF) - 2022
- Crude Glycerol Exports in the Philippines
- Crude Glycerol Imports in the Philippines
Crude Glycerol Price in the Philippines (FOB) - 2023
The average crude glycerol export price stood at $249 per ton in June 2023, stabilizing at the previous month. In general, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in November 2022 when the average export price increased by 44% m-o-m. The export price peaked at $849 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -10.6% per month.
Crude Glycerol Price in the Philippines (CIF) - 2022
In 2022, the average crude glycerol import price amounted to $1,015 per ton, shrinking by -4.5% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude glycerol import price decreased by -7.9% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 112% against the previous year. As a result, import price attained the peak level of $1,178 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($1,650 per ton), while the price for Indonesia stood at $1,003 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%).
Crude Glycerol Exports in the Philippines
In 2022, the amount of crude glycerol, glycerine waters and lyes exported from the Philippines soared to 21K tons, with an increase of 24% on the previous year. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, crude glycerol exports surged to $12M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 189% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Crude Glycerol in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 1.4 | 5.2 | 6.9 | 62.8% |
| South Korea | 0.2 | 0.3 | 0.4 | 4.1 | 173.7% |
| Japan | N/A | 0.3 | 0.1 | 0.6 | 41.4% |
| Thailand | N/A | 0.1 | 0.4 | 0.6 | 144.9% |
| India | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Iran | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 2.1 | 2.2 | 6.3 | 12.4 | 80.7% |
Top Export Markets for Crude Glycerol from the Philippines in 2022:
- China (12.7K tons)
- South Korea (5.5K tons)
- Thailand (1.5K tons)
- Japan (0.8K tons)
Crude Glycerol Imports in the Philippines
In 2022, the amount of crude glycerol, glycerine waters and lyes imported into the Philippines skyrocketed to 3.8K tons, increasing by 263% against 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude glycerol imports soared to $3.8M in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 335%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Crude Glycerol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 71.9 | 389 | 1,090 | 3,735 | 273.1% |
| Malaysia | 1.7 | N/A | N/A | 99.1 | 287.7% |
| Others | 16.6 | 3.2 | 16.4 | 6.4 | -27.2% |
| Total | 90.2 | 392 | 1,107 | 3,841 | 249.2% |
Top Suppliers of Crude Glycerol to the Philippines in 2022:
- Indonesia (3.7K tons)
- Malaysia (0.1K tons)
This report provides an in-depth analysis of the crude glycerol market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
-
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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