Report Update Nov 1, 2024

Republic of Korea - Crude Glycerol, Glycerine Waters and Lyes - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Crude Glycerol Market 2024

Crude Glycerol Market Size in Republic of Korea

In 2021, the South Korean crude glycerol market decreased by -12% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption, however, posted tangible growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Crude Glycerol Production in Republic of Korea

In value terms, crude glycerol production stood at $X in 2021 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 72%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Crude Glycerol Exports

Exports from Republic of Korea

In 2021, crude glycerol exports from South Korea skyrocketed to X tons, rising by 99% on 2020. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 141%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

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

Exports by Country

China (X tons) was the main destination for crude glycerol exports from South Korea, with a 97% share of total exports. It was followed by India (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled +21.0%.

In value terms, China ($X) remains the key foreign market for crude glycerol, glycerine waters and lyes exports from South Korea, comprising 96% of total exports. The second position in the ranking was taken by India ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +21.9%.

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2021, growing by 41% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.7%).

Crude Glycerol Imports

Imports into Republic of Korea

In 2021, the amount of crude glycerol, glycerine waters and lyes imported into South Korea skyrocketed to X tons, picking up by 195% compared with the previous year's figure. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 393%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crude glycerol imports skyrocketed to $X in 2021. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 518% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest crude glycerol supplier to South Korea, with a 74% share of total imports. Moreover, crude glycerol imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The Philippines (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +53.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.8% per year) and the Philippines (-13.3% per year).

In value terms, Indonesia ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to South Korea, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by the Philippines, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +83.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.9% per year) and the Philippines (-4.6% per year).

Import Prices by Country

The average crude glycerol import price stood at $X per ton in 2021, increasing by 56% against the previous year. In general, the import price continues to indicate a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+166.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude glycerol, glycerine waters and lyes in the world?

The countries with the highest volumes of crude glycerol consumption in 2020 were China, the United States and India, together accounting for 27% of global consumption. These countries were followed by Germany, Japan, Pakistan, Brazil, Indonesia, Bangladesh, Nigeria, Mexico, the UK and the Netherlands, which together accounted for a further 25%.

What are the largest producers of crude glycerol, glycerine waters and lyes in the world?

The countries with the highest volumes of crude glycerol production in 2020 were Indonesia, the United States and Brazil, with a combined 22% share of global production. India, Germany, China, Japan, Spain, Pakistan, France, Bangladesh, Nigeria and the UK lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of crude glycerol, glycerine waters and lyes to Republic of Korea?

In value terms, Indonesia constituted the largest supplier of crude glycerol to South Korea, comprising 69% of total imports. The second position in the ranking was occupied by the Philippines, with a 23% share of total imports.

What are the leading importers of crude glycerol, glycerine waters and lyes from Republic of Korea?

In value terms, China remains the key foreign market for crude glycerol exports from South Korea, comprising 87% of total exports. The second position in the ranking was occupied by Turkey, with a 6.7% share of total exports. It was followed by India, with a 2.7% share.

What is the average export price for crude glycerol, glycerine waters and lyes in Republic of Korea?

In 2020, the average crude glycerol export price amounted to $221 per ton, surging by 3.4% against the previous year.

What is the average import price for crude glycerol, glycerine waters and lyes in Republic of Korea?

The average crude glycerol import price stood at $285 per ton in 2020, declining by -6.9% against the previous year.

This report provides an in-depth analysis of the crude glycerol market in Republic of Korea. 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 20411000 - Glycerol (glycerine), crude, glycerol waters and glycerol lyes

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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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:

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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023