South-Eastern Asia: Crude Glycerol Market 2024

Crude Glycerol Market Size in South-Eastern Asia

The Southeast Asian crude glycerol market declined modestly to $X in 2023, waning by X% against the previous year. The total consumption indicated a moderate increase 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, 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 lower figure.

Crude Glycerol Production in South-Eastern Asia

In value terms, crude glycerol production reached $X in 2023 estimated in export price. In general, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Crude Glycerol Exports

Exports in South-Eastern Asia

Crude glycerol exports surged to X tons in 2023, increasing by X% compared with the year before. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, crude glycerol exports contracted to $X in 2023. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia represented the major exporter of crude glycerol, glycerine waters and lyes in South-Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), generating a X% share of total exports. The following exporters - Thailand (X tons) and the Philippines (X tons) - together made up X% of total exports.

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 South-Eastern Asia, 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 ($X) remains the largest crude glycerol supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($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

The export price in South-Eastern Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 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 South-Eastern Asia

In 2023, after three years of growth, there was significant decline in supplies from abroad of crude glycerol, glycerine waters and lyes, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then declined in the following year.

In value terms, crude glycerol imports reduced rapidly to $X in 2023. In general, imports, however, recorded a measured expansion. 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 reduced sharply in the following year.

Imports by Country

Malaysia represented the largest importer of crude glycerol, glycerine waters and lyes in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Thailand (X tons), creating an X% share of total imports. Singapore (X tons) held a minor 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 South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. While the share of Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Malaysia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then dropped dramatically in the following year.

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