Philippines - Refined or Synthetic Glycerol - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Refined or Synthetic Glycerol in the Philippines - 2023
Contents:
- Price for Refined or Synthetic Glycerol in the Philippines (FOB) - 2023
- Price for Refined or Synthetic Glycerol in the Philippines (CIF) - 2022
- Exports of Refined or Synthetic Glycerol in the Philippines
- Imports of Refined or Synthetic Glycerol in the Philippines
Price for Refined or Synthetic Glycerol in the Philippines (FOB) - 2023
The average refined or synthetic glycerol export price stood at $1,348 per ton in July 2023, waning by -49.3% against the previous month. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in June 2023 an increase of 78% month-to-month. The export price peaked at $3,110 per ton in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Malaysia ($3,143 per ton), while the average price for exports to Vietnam ($445 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 Canada (0.0%), while the prices for the other major destinations experienced a decline.
Price for Refined or Synthetic Glycerol in the Philippines (CIF) - 2022
In 2022, the average refined or synthetic glycerol import price amounted to $1,707 per ton, picking up by 75% against the previous year. Over the period under review, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($2,425 per ton), while the price for China ($605 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refined or Synthetic Glycerol in the Philippines
For the third consecutive year, the Philippines recorded decline in overseas shipments of refined or synthetic glycerol, which decreased by -29.8% to 12K tons in 2022. Overall, exports faced a dramatic decrease. The smallest decline of -13.8% was in 2021.
In value terms, refined or synthetic glycerol exports dropped to $27M in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13%.
| Export of Refined or Synthetic Glycerol in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 22.4 | 19.2 | 19.6 | 17.4 | -8.1% |
| China | 1.7 | 1.6 | 3.2 | 2.8 | 18.1% |
| United States | 0.6 | N/A | N/A | 1.8 | 44.2% |
| South Korea | 1.2 | 1.6 | 1.7 | 1.7 | 12.3% |
| Malaysia | 2.7 | 1.9 | 3.1 | 1.6 | -16.0% |
| Vietnam | 1.0 | 0.5 | 0.5 | 0.3 | -33.1% |
| Others | 1.8 | 0.6 | 0.8 | 0.9 | -20.6% |
| Total | 31.5 | 25.4 | 28.8 | 26.5 | -5.6% |
Top Export Markets for Refined or Synthetic Glycerol from the Philippines in 2022:
- Japan (7.7K tons)
- United States (1.8K tons)
- China (1.2K tons)
- South Korea (0.7K tons)
- Malaysia (0.4K tons)
- Vietnam (0.2K tons)
Imports of Refined or Synthetic Glycerol in the Philippines
In 2022, the amount of refined or synthetic glycerol imported into the Philippines skyrocketed to 23K tons, growing by 25% compared with 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined or synthetic glycerol imports soared to $38M in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined or Synthetic Glycerol in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 8.2 | 5.8 | 11.6 | 27.2 | 49.1% |
| Malaysia | 4.1 | 3.6 | 4.6 | 9.0 | 30.0% |
| South Korea | N/A | 0.4 | 0.6 | 1.4 | 87.1% |
| Thailand | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Others | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Total | 13.0 | 10.4 | 17.6 | 38.5 | 43.6% |
Top Suppliers of Refined or Synthetic Glycerol to the Philippines in 2022:
- Indonesia (16.4K tons)
- Malaysia (4.9K tons)
- South Korea (0.7K tons)
- Thailand (0.3K tons)
This report provides an in-depth analysis of the market for refined or synthetic glycerol in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
-
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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