Glycerol Price in Singapore - 2022
Contents:
- Glycerol Price in Singapore (CIF) - 2022
- Glycerol Price in Singapore (FOB) - 2022
- Glycerol Imports in Singapore
- Glycerol Exports in Singapore
Glycerol Price in Singapore (CIF) - 2022
In 2022, the average glycerol import price amounted to $581 per ton, waning by -36.2% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $911 per ton in 2021, and then contracted markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($943 per ton), while the price for Malaysia amounted to $486 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.1%).
Glycerol Price in Singapore (FOB) - 2022
The average glycerol export price stood at $358 per ton in 2022, declining by -13.3% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. The export price peaked at $770 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($27,989 per ton), while the average price for exports to Japan ($209 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 Malaysia (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in Singapore
Glycerol imports into Singapore soared to 30K tons in 2022, increasing by 141% against the year before. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports skyrocketed to $18M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.8 | 2.2 | 3.5 | 13.1 | 93.8% |
| Indonesia | 4.0 | 3.7 | 6.5 | 2.5 | -14.5% |
| Others | 1.2 | 2.5 | 1.5 | 2.0 | 18.6% |
| Total | 7.0 | 8.5 | 11.5 | 17.6 | 36.0% |
Top Suppliers of Glycerol to Singapore in 2022:
- Malaysia (27.0K tons)
- Indonesia (2.6K tons)
Glycerol Exports in Singapore
In 2022, exports of glycerol from Singapore rose slightly to 12K tons, increasing by 3.7% against the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 205% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, glycerol exports dropped to $4.1M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 129% against the previous year. As a result, the exports reached the peak of $4.6M, and then reduced in the following year.
| Export of Glycerol in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 842 | 621 | 1,729 | 2,298 | 39.7% |
| Bangladesh | 19.5 | 69.1 | 206 | 467 | 188.2% |
| China | 24.3 | 61.4 | 1,566 | 20.8 | -5.1% |
| Others | 463 | 1,264 | 1,107 | 1,356 | 43.1% |
| Total | 1,349 | 2,016 | 4,608 | 4,142 | 45.3% |
Top Export Markets for Glycerol from Singapore in 2022:
- China (undefinedK tons)
- Japan (11.0K tons)
- Bangladesh (0.2K tons)
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