ASEAN: Crude Glycerol Market 2024

Crude Glycerol Market Size in ASEAN

The ASEAN crude glycerol market contracted to $X in 2023, shrinking by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2023: its value 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, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Crude Glycerol Production in ASEAN

In value terms, crude glycerol production expanded remarkably to $X in 2023 estimated in export price. Overall, production posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Crude Glycerol Exports

Exports in ASEAN

In 2023, overseas shipments of crude glycerol, glycerine waters and lyes decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, crude glycerol exports fell modestly to $X in 2023. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Indonesia (X tons) was the major exporter of crude glycerol, glycerine waters and lyes, constituting X% of total exports. It was distantly followed by Malaysia (X tons), generating a X% share of total exports. Thailand (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Philippines (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest crude glycerol supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, crude glycerol exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Crude Glycerol Imports

Imports in ASEAN

In 2023, after three years of growth, there was significant decline in overseas purchases of crude glycerol, glycerine waters and lyes, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, crude glycerol imports contracted significantly to $X in 2023. Overall, imports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then shrank significantly in the following year.

Imports by Country

Malaysia was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Thailand (X tons), generating an X% share of total imports. Singapore (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to crude glycerol imports into Malaysia stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. From 2012 to 2023, the share of Thailand increased by X percentage points.

In value terms, Malaysia ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2021 when the import price increased by X%. 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.

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

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

Source: IndexBox Platform