South-Eastern Asia: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in South-Eastern Asia

After three years of growth, the Southeast Asian refined or synthetic glycerol market decreased by X% to $X in 2023. The total consumption indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2022, and then dropped markedly in the following year.

Production of Refined or Synthetic Glycerol in South-Eastern Asia

In value terms, refined or synthetic glycerol production expanded remarkably to $X in 2023 estimated in export price. The total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports in South-Eastern Asia

In 2023, after seven years of growth, there was significant decline in overseas shipments of refined or synthetic glycerol, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then fell rapidly in the following year.

In value terms, refined or synthetic glycerol exports fell significantly to $X in 2023. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked at $X in 2022, and then fell dramatically in the following year.

Exports by Country

In 2023, Indonesia (X tons) represented the key exporter of refined or synthetic glycerol, committing X% of total exports. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest refined or synthetic glycerol supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Indonesia stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined or synthetic glycerol export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Refined or Synthetic Glycerol

Imports in South-Eastern Asia

In 2023, overseas purchases of refined or synthetic glycerol decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, refined or synthetic glycerol imports reduced remarkably to $X in 2023. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

Malaysia (X tons) and Thailand (X tons) dominates imports structure, together comprising X% of total imports. The Philippines (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price showed a slight decrease. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform