South-Eastern Asia: Crude Glycerol Market 2025

Crude Glycerol Market Size in South-Eastern Asia

In 2021, after three years of decline, there was growth in the Southeast Asian crude glycerol market, when its value increased by 1.2% to $X. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.8% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Crude Glycerol Production in South-Eastern Asia

In value terms, crude glycerol production rose modestly to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 47% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Crude Glycerol Exports

Exports in South-Eastern Asia

Crude glycerol exports surged to X tons in 2021, with an increase of 19% compared with the year before. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 74%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, crude glycerol exports soared to $X in 2021. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia represented the largest exporting country with an export of about X tons, which accounted for 82% of total exports. It was distantly followed by Malaysia (X tons), committing an 11% 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%) and the Philippines (+7.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +25.0% from 2012-2021. By contrast, Thailand (-7.1%) illustrated a downward trend over the same period. While the share of Indonesia (+19 p.p.) and Malaysia (+5.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Philippines (-1.7 p.p.) and Thailand (-22.1 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest crude glycerol supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 8.3% share of total exports. It was followed by Thailand, with a 3.9% share.

In Indonesia, crude glycerol exports expanded at an average annual rate of +26.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+19.2% per year) and Thailand (-2.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by 122% against the previous year. In general, the export price showed tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Crude Glycerol Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were imported in South-Eastern Asia; picking up by 38% against 2020. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 44% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, crude glycerol imports skyrocketed to $X in 2021. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) was the largest importer of crude glycerol, glycerine waters and lyes, committing 73% of total imports. It was distantly followed by Thailand (X tons) and Singapore (X tons), together committing a 26% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to crude glycerol imports into Malaysia stood at +7.7%. At the same time, Thailand (+55.7%) and Singapore (+1.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +55.7% from 2012-2021. Thailand (+20 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Malaysia saw its share reduced by -4.4% and -13.3% from 2012 to 2021, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in South-Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by Thailand ($X), with a 27% share of total imports.

In Malaysia, crude glycerol imports increased at an average annual rate of +11.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+40.2% per year) and Singapore (+3.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 77% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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