China - Refined or Synthetic Glycerol - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Refined or Synthetic Glycerol in China - 2023
Contents:
- Price for Refined or Synthetic Glycerol in China (CIF) - 2023
- Price for Refined or Synthetic Glycerol in China (FOB) - 2022
- Imports of Refined or Synthetic Glycerol in China
- Exports of Refined or Synthetic Glycerol in China
Price for Refined or Synthetic Glycerol in China (CIF) - 2023
In June 2023, the average refined or synthetic glycerol import price amounted to $605 per ton, remaining relatively unchanged against the previous month. In general, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in February 2023 an increase of 2.5% month-to-month. Over the period under review, average import prices hit record highs at $1,788 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($728 per ton), while the price for Argentina ($483 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-8.1%), while the prices for the other major suppliers experienced a decline.
Price for Refined or Synthetic Glycerol in China (FOB) - 2022
The average refined or synthetic glycerol export price stood at $2,350 per ton in 2022, picking up by 42% against the previous year. Over the period under review, the export price posted a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
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 the United States ($11,678 per ton), while the average price for exports to Singapore ($1,070 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 United States (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refined or Synthetic Glycerol in China
In 2022, after three years of growth, there was decline in supplies from abroad of refined or synthetic glycerol, when their volume decreased by -0.7% to 492K tons. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year.
In value terms, refined or synthetic glycerol imports surged to $613M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 97%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Refined or Synthetic Glycerol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 95.8 | 122 | 262 | 381 | 58.4% |
| Malaysia | 60.0 | 53.6 | 95.1 | 117 | 24.9% |
| Brazil | 15.6 | 25.9 | 42.8 | 51.5 | 48.9% |
| Argentina | 12.9 | 9.3 | 17.9 | 29.8 | 32.2% |
| Thailand | 3.3 | 11.1 | 19.9 | 18.0 | 76.0% |
| Others | 9.6 | 9.9 | 19.3 | 15.7 | 17.8% |
| Total | 197 | 232 | 457 | 613 | 46.0% |
Top Suppliers of Refined or Synthetic Glycerol to China in 2022:
- Indonesia (321.7K tons)
- Malaysia (80.7K tons)
- Brazil (41.9K tons)
- Argentina (26.2K tons)
- Thailand (15.0K tons)
Exports of Refined or Synthetic Glycerol in China
In 2022, the amount of refined or synthetic glycerol exported from China skyrocketed to 5.7K tons, with an increase of 27% against the previous year's figure. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 209%. As a result, the exports attained the peak of 8.4K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refined or synthetic glycerol exports soared to $13M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 99% 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.
| Export of Refined or Synthetic Glycerol in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 209 | 1,076 | 2,584 | 2,896 | 140.2% |
| United States | 1,466 | 954 | 1,428 | 2,526 | 19.9% |
| Russia | 3.2 | 27.4 | 30.7 | 1,386 | 656.6% |
| Canada | 2.2 | 227 | 5.0 | 1,158 | 707.4% |
| Australia | 11.6 | 337 | 42.5 | 326 | 204.0% |
| Cameroon | 1.2 | 2.0 | 9.0 | 294 | 525.7% |
| Vietnam | 46.0 | 49.8 | 68.3 | 233 | 71.7% |
| Thailand | 10.4 | 575 | 249 | 208 | 171.4% |
| Uzbekistan | 233 | 172 | 140 | 170 | -10.0% |
| Singapore | 83.9 | 63.2 | 116 | 88.0 | 1.6% |
| Democratic People's Republic of Korea | 674 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | 121 | N/A | N/A | 0% |
| Others | 1,140 | 4,115 | 2,722 | 4,033 | 52.4% |
| Total | 3,881 | 7,720 | 7,395 | 13,319 | 50.8% |
Top Export Markets for Refined or Synthetic Glycerol from China in 2022:
- Japan (1465.3 tons)
- Russia (515.9 tons)
- Canada (446.3 tons)
- Cameroon (218.2 tons)
- United States (216.3 tons)
- Australia (147.6 tons)
- Vietnam (135.5 tons)
- Thailand (109.4 tons)
- Uzbekistan (88.2 tons)
- Singapore (82.2 tons)
This report provides an in-depth analysis of the market for refined or synthetic glycerol in China. 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 20142360 - Glycerol (including synthetic, excluding crude, waters and lyes)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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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
426
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563
In September 2022, the methanol price amounted to $303 per ton (CIF, China), almost unchanged from the previous month.
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