Glycerol Price in Japan - 2023
Contents:
- Glycerol Price in Japan (CIF) - 2022
- Glycerol Price in Japan (FOB) - 2022
- Glycerol Imports in Japan
- Glycerol Exports in Japan
Glycerol Price in Japan (CIF) - 2022
The average glycerol import price stood at $1,640 per ton in 2022, surging by 69% against the previous year. Over the period under review, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,729 per ton), while the price for Singapore ($994 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in Japan (FOB) - 2022
In 2022, the average glycerol export price amounted to $1,801 per ton, reducing by -26% against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by 35%. The export price peaked at $2,951 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($11,171 per ton), while the average price for exports to China ($905 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 the Philippines (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in Japan
In 2022, approx. 106K tons of glycerol were imported into Japan; increasing by 10% against 2021 figures. Overall, imports, however, continue to indicate a slight curtailment.
In value terms, glycerol imports soared to $174M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 27.8 | 30.5 | 46.7 | 93.0 | 49.6% |
| Malaysia | 31.7 | 27.6 | 36.5 | 67.6 | 28.7% |
| Thailand | 2.1 | 2.1 | 2.4 | 4.5 | 28.9% |
| Singapore | 1.2 | 0.9 | 1.8 | 2.5 | 27.7% |
| Philippines | 21.1 | 0.4 | 2.2 | 1.6 | -57.7% |
| Others | 1.1 | 1.8 | 3.7 | 4.6 | 61.1% |
| Total | 85.0 | 63.2 | 93.2 | 174 | 27.0% |
Top Suppliers of Glycerol to Japan in 2022:
- Indonesia (57.7K tons)
- Malaysia (39.9K tons)
- Thailand (2.6K tons)
- Singapore (2.5K tons)
- Philippines (1.1K tons)
Glycerol Exports in Japan
In 2022, exports of glycerol from Japan skyrocketed to 1.7K tons, surging by 33% compared with the previous year's figure. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, glycerol exports declined to $3.1M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $3.2M, and then shrank in the following year.
| Export of Glycerol in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 314 | 440 | 744 | 869 | 40.4% |
| Poland | 492 | 481 | 669 | 462 | -2.1% |
| South Korea | 144 | 153 | 154 | 427 | 43.7% |
| Taiwan (Chinese) | 114 | 102 | 369 | 280 | 34.9% |
| Singapore | 128 | 66.4 | 406 | 276 | 29.2% |
| Indonesia | 8.6 | 16.1 | 13.6 | 238 | 202.5% |
| Thailand | 183 | 204 | 137 | 128 | -11.2% |
| Malaysia | 75.0 | 60.9 | 78.9 | 84.6 | 4.1% |
| Vietnam | 107 | 206 | 98.6 | 64.3 | -15.6% |
| Others | 237 | 207 | 518 | 309 | 9.2% |
| Total | 1,803 | 1,935 | 3,188 | 3,137 | 20.3% |
Top Export Markets for Glycerol from Japan in 2022:
- China (960.3 tons)
- South Korea (224.2 tons)
- Taiwan (Chinese) (148.9 tons)
- Indonesia (95.6 tons)
- Poland (91.5 tons)
- Thailand (54.0 tons)
- Singapore (49.5 tons)
- Malaysia (28.0 tons)
- Vietnam (19.4 tons)
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