Asia: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Asia

The Asian refined or synthetic glycerol market stood at $X in 2022, increasing by X% against the previous year. The total consumption indicated perceptible 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. Based on 2022 figures, consumption increased by X% against 2012 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Refined or Synthetic Glycerol in Asia

In value terms, refined or synthetic glycerol production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports in Asia

For the fourth consecutive year, Asia recorded growth in overseas shipments of refined or synthetic glycerol, which increased by X% to X tons in 2022. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, refined or synthetic glycerol exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Indonesia represented the key exporter of refined or synthetic glycerol in Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price 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. Based on 2022 figures, refined or synthetic glycerol export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($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 more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports in Asia

For the sixth year in a row, Asia recorded growth in overseas purchases of refined or synthetic glycerol, which increased by X% to X tons in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%) and Thailand (X%). The following importers - Malaysia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Turkey (X tons), the Philippines (X tons) and Vietnam (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the refined or synthetic glycerol imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%), Malaysia (X%), the United Arab Emirates (X%), Turkey (X%), Japan (X%), India (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported refined or synthetic glycerol in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price showed a strong increase. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform