Report Update Nov 1, 2024

Thailand - Crude Glycerol, Glycerine Waters and Lyes - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Crude Glycerol Market 2024

Crude Glycerol Market Size in Thailand

The Thai crude glycerol market surged to $X in 2021, picking up by 42% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crude Glycerol Production in Thailand

In value terms, crude glycerol production amounted to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.5% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 39%. Crude glycerol production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Crude Glycerol Exports

Exports from Thailand

After four years of growth, shipments abroad of crude glycerol, glycerine waters and lyes decreased by -42.2% to X tons in 2021. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 98%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, crude glycerol exports surged to $X in 2021. Overall, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 147%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for crude glycerol exports from Thailand, with a 97% share of total exports. It was followed by Iran (X tons), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at -4.0%.

In value terms, China ($X) remains the key foreign market for crude glycerol, glycerine waters and lyes exports from Thailand, comprising 97% of total exports. The second position in the ranking was held by Iran ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +2.7%.

Export Prices by Country

In 2021, the average crude glycerol export price amounted to $X per ton, growing by 139% against the previous year. Over the period under review, the export price posted notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external 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 Iran stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Glycerol Imports

Imports into Thailand

In 2021, supplies from abroad of crude glycerol, glycerine waters and lyes increased by 1,247% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 4,007%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, crude glycerol imports soared to $X in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 2,298% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), Brazil (X tons) and Malaysia (X tons) were the main suppliers of crude glycerol imports to Thailand, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +380.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude glycerol suppliers to Thailand were Indonesia ($X), Brazil ($X) and Malaysia ($X), with a combined 77% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +327.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude glycerol import price stood at $X per ton in 2021, with an increase of 5.9% against the previous year. In general, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 187%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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, with a combined 27% share 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. These countries were followed by India, Germany, China, Japan, Spain, Pakistan, France, Bangladesh, Nigeria and the UK, which together accounted for a further 30%.

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

In value terms, the largest crude glycerol suppliers to Thailand were China, the United States and the Philippines, together comprising 61% of total imports. Brazil, Malaysia, Romania and South Korea lagged somewhat behind, together accounting for a further 25%.

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

In value terms, China remains the key foreign market for crude glycerol exports from Thailand, comprising 89% of total exports. The second position in the ranking was occupied by Iran, with a 4% share of total exports.

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

The average crude glycerol export price stood at $228 per ton in 2020, declining by -7.6% against the previous year.

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

In 2020, the average crude glycerol import price amounted to $691 per ton, with an increase of 13% against the previous year.

This report provides an in-depth analysis of the crude glycerol market in Thailand. 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:

Thailand

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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