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Thailand - Refined or Synthetic Glycerol - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Refined or Synthetic Glycerol in Thailand - 2023
Contents:
- Price for Refined or Synthetic Glycerol in Thailand (CIF) - 2023
- Price for Refined or Synthetic Glycerol in Thailand (FOB) - 2023
- Imports of Refined or Synthetic Glycerol in Thailand
- Exports of Refined or Synthetic Glycerol in Thailand
Price for Refined or Synthetic Glycerol in Thailand (CIF) - 2023
The average refined or synthetic glycerol import price stood at $591 per ton in July 2023, shrinking by -2.8% against the previous month. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in March 2023 an increase of 17% month-to-month. The import price peaked at $1,791 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($896 per ton), while the price for Argentina ($547 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Argentina (-4.8%), while the prices for the other major suppliers experienced a decline.
Price for Refined or Synthetic Glycerol in Thailand (FOB) - 2023
In July 2023, the average refined or synthetic glycerol export price amounted to $619 per ton, growing by 3.6% against the previous month. In general, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in April 2023 an increase of 9.6% month-to-month. Over the period under review, the average export prices hit record highs at $1,779 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was New Zealand ($803 per ton), while the average price for exports to China ($489 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (-3.1%), while the prices for the other major destinations experienced a decline.
Imports of Refined or Synthetic Glycerol in Thailand
In 2022, approx. 51K tons of refined or synthetic glycerol were imported into Thailand; rising by 2.9% on the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 10%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, refined or synthetic glycerol imports soared to $78M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Refined or Synthetic Glycerol in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 11.0 | 16.1 | 33.7 | 65.8 | 81.5% |
Malaysia | 3.3 | 2.8 | 4.9 | 6.8 | 27.3% |
Argentina | 10.4 | 4.5 | 5.7 | 3.9 | -27.9% |
Netherlands | 2.7 | N/A | N/A | N/A | 0% |
Others | 1.7 | 1.4 | 1.8 | 1.8 | 1.9% |
Total | 29.1 | 24.7 | 46.1 | 78.2 | 39.0% |
Top Suppliers of Refined or Synthetic Glycerol to Thailand in 2022:
- Indonesia (42.9K tons)
- Malaysia (4.0K tons)
- Argentina (2.9K tons)
Exports of Refined or Synthetic Glycerol in Thailand
In 2022, approx. 34K tons of refined or synthetic glycerol were exported from Thailand; surging by 7.4% against the previous year. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 77%. As a result, the exports reached the peak of 43K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refined or synthetic glycerol exports soared to $43M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Export of Refined or Synthetic Glycerol in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.1 | 8.7 | 14.2 | 13.0 | 83.6% |
United States | 1.6 | 2.0 | 2.8 | 5.7 | 52.7% |
Japan | 1.5 | 1.4 | 2.3 | 4.1 | 39.8% |
Bangladesh | 1.5 | 1.0 | 1.5 | 3.5 | 32.6% |
Tanzania | 0.6 | 0.3 | 0.6 | 2.1 | 51.8% |
Taiwan (Chinese) | 1.1 | 1.6 | 1.5 | 1.9 | 20.0% |
Kenya | 0.1 | 0.2 | 0.6 | 1.5 | 146.6% |
New Zealand | 1.2 | 1.7 | 0.8 | 1.4 | 5.3% |
Iran | 0.2 | 0.1 | 0.5 | 1.1 | 76.5% |
United Arab Emirates | N/A | 0.3 | 0.5 | 0.9 | 73.2% |
Pakistan | 0.4 | 0.1 | 0.5 | 0.7 | 20.5% |
India | 0.8 | 2.1 | 3.7 | 0.7 | -4.4% |
Israel | 0.3 | 0.6 | 0.2 | 0.5 | 18.6% |
Others | 3.0 | 2.9 | 3.0 | 6.0 | 26.0% |
Total | 14.5 | 23.1 | 32.6 | 43.1 | 43.8% |
Top Export Markets for Refined or Synthetic Glycerol from Thailand in 2022:
- China (13.1K tons)
- United States (3.4K tons)
- Japan (2.8K tons)
- Bangladesh (2.5K tons)
- Tanzania (1.7K tons)
- Taiwan (Chinese) (1.4K tons)
- Kenya (1.0K tons)
- India (0.9K tons)
- United Arab Emirates (0.8K tons)
- New Zealand (0.8K tons)
- Pakistan (0.6K tons)
- Israel (0.6K tons)
- Iran (0.6K tons)
This report provides an in-depth analysis of the market for refined or synthetic glycerol 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 20142360 - Glycerol (including synthetic, excluding crude, waters and 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
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The highest growth rate was reached in August 2023 with a 66% increase from the prior month. The export value of Propylene Glycol soared to $12M in January 2024.
In August 2023, propylene glycol experienced the highest rate of growth, with a month-to-month increase of 66%. However, in November 2023, exports of propylene glycol decreased slightly, reaching a value of $12M.
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In the past decade, global glycerol exports saw a twofold increase both in physical and value terms. In 2020, glycerol exports grew by +2.3% y-o-y to $1.3B. In physical terms, exports soared by +8.5% y-o-y to 1.9M tons last year. Indonesia, Germany and Malaysia constitute the largest glycerol exporters worldwide. China, the U.S. and the Netherlands feature among the largest markets for imported glycerol. In 2020, South Korea recorded the highest import growth rate, while India, China, the Netherlands, Italy, France, the UK, Spain and the Czech Republic also boosted glycerol purchases abroad.
Based on 2018 figures, glycerol exports increased by +91.7% against 2016 indices.
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