ASEAN: Crude Glycerol Market 2024

Crude Glycerol Market Size in ASEAN

In 2022, the ASEAN crude glycerol market was finally on the rise to reach $X after two years of decline. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Crude Glycerol Production in ASEAN

In value terms, crude glycerol production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Crude Glycerol Exports

Exports in ASEAN

In 2022, after four years of growth, there was significant decline in shipments abroad of crude glycerol, glycerine waters and lyes, when their volume decreased by X% to X tons. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, crude glycerol exports surged to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Indonesia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), comprising a X% share of total exports. The following exporters - the Philippines (X tons) and Thailand (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to crude glycerol exports from Indonesia stood at X%. At the same time, Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest crude glycerol supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, crude glycerol exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Malaysia ($X per ton), while the Philippines ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Crude Glycerol Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in purchases abroad of crude glycerol, glycerine waters and lyes, which increased by X% to X tons in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, crude glycerol imports surged to $X in 2022. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Malaysia was the major importing country with an import of about X tons, which accounted for X% of total imports. Thailand (X tons) took the second position in the ranking, followed by Singapore (X tons). All these countries together held approx. X% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to crude glycerol imports into Malaysia stood at X%. At the same time, Thailand (X%), the Philippines (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform