Asia-Pacific: Crude Glycerol Market 2024

Crude Glycerol Market Size in Asia-Pacific

The Asia-Pacific crude glycerol market stood at $X in 2021, standing approx. at the previous year. Over the period under review, consumption recorded a prominent increase. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Crude Glycerol Production in Asia-Pacific

In value terms, crude glycerol production fell modestly to $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 63%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Crude Glycerol Exports

Exports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded growth in overseas shipments of crude glycerol, glycerine waters and lyes, which increased by 22% to X tons in 2021. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 70% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, crude glycerol exports surged to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia was the major exporting country with an export of about X tons, which finished at 77% of total exports. Malaysia (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took approx. 16% share of total exports. Thailand (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crude glycerol exports from Indonesia stood at +19.1%. At the same time, Malaysia (+25.0%), South Korea (+19.0%) and the Philippines (+7.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +25.0% from 2012-2021. By contrast, Thailand (-7.1%) illustrated a downward trend over the same period. Indonesia (+17 p.p.) and Malaysia (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the Philippines and Thailand saw its share reduced by -1.6% and -20.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest crude glycerol supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was held by Malaysia ($X), with a 7.9% share of total exports. It was followed by South Korea, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia stood at +26.9%. In the other countries, the average annual rates were as follows: Malaysia (+19.2% per year) and South Korea (+19.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 113% against the previous year. Overall, the export price showed moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.6%), while the other leaders experienced more modest paces of growth.

Crude Glycerol Imports

Imports in Asia-Pacific

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were imported in Asia-Pacific; picking up by 20% on the previous year's figure. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, crude glycerol imports surged to $X in 2021. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, reaching X tons, which was near 80% of total imports in 2021. India (X tons) held the second position in the ranking, followed by Malaysia (X tons). All these countries together took near 15% share of total imports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crude glycerol imports into China stood at +11.9%. At the same time, Thailand (+55.7%), India (+27.9%) and Malaysia (+7.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +55.7% from 2012-2021. India (+5.3 p.p.) and Thailand (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while China and Malaysia saw its share reduced by -2.3% and -3.5% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in Asia-Pacific, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 9.1% share of total imports. It was followed by Malaysia, with a 7.4% share.

In China, crude glycerol imports increased at an average annual rate of +18.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+36.9% per year) and Malaysia (+11.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 99% against the previous year. Overall, the import price showed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and India ($X per ton), while China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :