Hong Kong SAR, China - Refined or Synthetic Glycerol - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Refined or Synthetic Glycerol in Hong Kong SAR - 2023
Contents:
- Price for Refined or Synthetic Glycerol in Hong Kong SAR (CIF) - 2022
- Price for Refined or Synthetic Glycerol in Hong Kong SAR (FOB) - 2022
- Imports of Refined or Synthetic Glycerol in Hong Kong SAR
- Exports of Refined or Synthetic Glycerol in Hong Kong SAR
Price for Refined or Synthetic Glycerol in Hong Kong SAR (CIF) - 2022
The average refined or synthetic glycerol import price stood at $1,981 per ton in 2022, with an increase of 24% against the previous year. Overall, the import price recorded a temperate increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 172%. As a result, import price reached the peak level of $2,617 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($16,574 per ton), while the price for China ($653 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refined or Synthetic Glycerol in Hong Kong SAR (FOB) - 2022
The average refined or synthetic glycerol export price stood at $4,033 per ton in 2022, with a decrease of -14.9% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 226%. The export price peaked at $4,741 per ton in 2021, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.7% per year.
Imports of Refined or Synthetic Glycerol in Hong Kong SAR
After two years of decline, purchases abroad of refined or synthetic glycerol increased by 47% to 445 tons in 2022. In general, imports, however, faced a deep slump.
In value terms, refined or synthetic glycerol imports surged to $882K in 2022. Over the period under review, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Refined or Synthetic Glycerol in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 302 | 268 | 266 | 600 | 25.7% |
Japan | 184 | 8.7 | 128 | 128 | -11.4% |
Indonesia | 13.9 | 31.4 | 52.2 | 57.8 | 60.8% |
South Korea | N/A | 2.9 | N/A | 46.3 | 299.6% |
Thailand | N/A | N/A | N/A | 26.5 | 0% |
China | 11.0 | 2.2 | 7.3 | 11.6 | 1.8% |
Peru | 31.5 | N/A | N/A | N/A | 0% |
Others | 80.6 | 51.0 | 28.4 | 11.8 | -47.3% |
Total | 623 | 365 | 481 | 882 | 12.3% |
Top Suppliers of Refined or Synthetic Glycerol to Hong Kong SAR in 2022:
- Malaysia (338.3 tons)
- Indonesia (42.9 tons)
- Thailand (20.0 tons)
- China (17.8 tons)
- South Korea (17.2 tons)
- Japan (7.7 tons)
Exports of Refined or Synthetic Glycerol in Hong Kong SAR
In 2022, shipments abroad of refined or synthetic glycerol was finally on the rise to reach 110 tons after two years of decline. Over the period under review, exports, however, showed a precipitous shrinkage.
In value terms, refined or synthetic glycerol exports soared to $443K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Refined or Synthetic Glycerol in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 368 | 237 | 348 | 439 | 6.1% |
South Korea | 2.0 | N/A | N/A | N/A | 0% |
Others | 2.7 | 13.8 | 13.6 | 3.5 | 9.0% |
Total | 373 | 250 | 362 | 443 | 5.9% |
Top Export Markets for Refined or Synthetic Glycerol from Hong Kong SAR in 2022:
- China (109.7 tons)
This report provides an in-depth analysis of the market for refined or synthetic glycerol in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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