Southern Asia: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Southern Asia

In 2023, after five years of growth, there was decline in the South Asian refined or synthetic glycerol market, when its value decreased by X% to $X. The total consumption indicated buoyant 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. The level of consumption peaked at $X in 2022, and then shrank slightly in the following year.

Production of Refined or Synthetic Glycerol in Southern Asia

In value terms, refined or synthetic glycerol production reached $X in 2023 estimated in export price. Overall, production posted a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Exports of Refined or Synthetic Glycerol

Exports in Southern Asia

In 2023, after six years of growth, there was significant decline in shipments abroad of refined or synthetic glycerol, when their volume decreased by X% to X tons. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined significantly in the following year.

In value terms, refined or synthetic glycerol exports shrank dramatically to $X in 2023. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

The biggest shipments were from Pakistan (X tons) and India (X tons), together reaching X% of total export.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%).

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

In India, refined or synthetic glycerol exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Refined or Synthetic Glycerol

Imports in Southern Asia

After three years of growth, overseas purchases of refined or synthetic glycerol decreased by X% to X tons in 2023. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, refined or synthetic glycerol imports reduced rapidly to $X in 2023. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced notably in the following year.

Imports by Country

India represented the key importer of refined or synthetic glycerol in Southern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Bangladesh (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together took near X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Pakistan experienced a relatively flat trend pattern. Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported refined or synthetic glycerol in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform