Eastern Asia: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Eastern Asia

The East Asian refined or synthetic glycerol market dropped modestly to $X in 2022, almost unchanged from the previous year. The total consumption indicated a perceptible expansion 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 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Production of Refined or Synthetic Glycerol in Eastern Asia

In value terms, refined or synthetic glycerol production declined to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Refined or Synthetic Glycerol

Exports in Eastern Asia

In 2022, the amount of refined or synthetic glycerol exported in Eastern Asia shrank slightly to X tons, approximately reflecting the previous year. Total exports indicated a slight expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined or synthetic glycerol exports surged to $X in 2022. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by South Korea (X tons) and Japan (X tons), together achieving a X% share of total exports. Taiwan (Chinese) (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 main exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest refined or synthetic glycerol supplying countries in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total exports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price reached the peak level 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 Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Imports of Refined or Synthetic Glycerol

Imports in Eastern Asia

After five years of growth, purchases abroad of refined or synthetic glycerol decreased by X% to X tons in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, refined or synthetic glycerol imports soared to $X in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

China represented the major importer of refined or synthetic glycerol in Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X tons) and South Korea (X tons), together achieving a X% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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, Japan (X%) and South Korea (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In China, refined or synthetic glycerol imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated buoyant 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 import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform