Report Update Nov 1, 2024

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

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Vietnam: Crude Glycerol Market 2024

Crude Glycerol Market Size in Vietnam

In 2021, the Vietnamese crude glycerol market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Crude Glycerol Production in Vietnam

In value terms, crude glycerol production rose modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 71%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Crude Glycerol Exports

Exports from Vietnam

In 2018, approx. X tons of crude glycerol, glycerine waters and lyes were exported from Vietnam; standing approx. at 2017 figures. Over the period under review, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2015 with an increase of 36,349%. As a result, the exports reached the peak of X tons. From 2016 to 2018, the growth of the exports remained at a somewhat lower figure.

In value terms, crude glycerol exports fell dramatically to $X in 2018. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 16,330%. As a result, the exports attained the peak of $X. From 2016 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

From 2012 to 2021, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

In 2018, the average crude glycerol export price amounted to $X per ton, dropping by -70.4% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2013 a decrease of -24.5% against the previous year. The export price peaked at $X per ton in 2017, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2018, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

Crude Glycerol Imports

Imports into Vietnam

In 2021, purchases abroad of crude glycerol, glycerine waters and lyes decreased by -20.8% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 47% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, crude glycerol imports rose significantly to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons), Malaysia (X tons) and the Philippines (X tons) were the main suppliers of crude glycerol imports to Vietnam, with a combined 67% 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 South Korea (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and Thailand ($X) constituted the largest crude glycerol suppliers to Vietnam, together comprising 66% of total imports. These countries were followed by Indonesia, the Philippines, Japan and the United States, which together accounted for a further 30%.

Among the main suppliers, the United States, with a CAGR of +15.1%, recorded the highest rates of growth with regard to 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, growing by 44% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude glycerol import price increased by +80.8% against 2019 indices. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Thailand ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.8%), 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, 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. India, Germany, China, Japan, Spain, Pakistan, France, Bangladesh, Nigeria and the UK lagged somewhat behind, together comprising a further 30%.

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

In value terms, the largest crude glycerol suppliers to Vietnam were South Korea, China and Malaysia, together accounting for 73% of total imports. Argentina and Japan lagged somewhat behind, together accounting for a further 24%.

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

The average crude glycerol export price stood at $388 per ton in 2018, dropping by -80.3% against the previous year.

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

The average crude glycerol import price stood at $281 per ton in 2020, waning by -31.9% against the previous year.

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

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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
Find deeper insights into current market developments
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