Scandinavia: Crude Glycerol Market 2024

Crude Glycerol Market Size in Scandinavia

The Scandinavia crude glycerol market rose rapidly to $X in 2023, surging by X% against the previous year. The total consumption indicated a buoyant 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Crude Glycerol Production in Scandinavia

In value terms, crude glycerol production rose to $X in 2023 estimated in export price. The total production indicated prominent 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Crude Glycerol Exports

Exports in Scandinavia

In 2023, approx. X tons of crude glycerol, glycerine waters and lyes were exported in Scandinavia; declining by X% on 2022 figures. Over the period under review, exports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, crude glycerol exports plummeted to $X in 2023. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

Norway was the major exporter of crude glycerol, glycerine waters and lyes in Scandinavia, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Sweden (X tons), committing a X% share of total exports.

Norway was also the fastest-growing in terms of the crude glycerol, glycerine waters and lyes exports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%) displayed positive paces of growth. Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Norway ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2023.

Among the main exporting countries, Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Crude Glycerol Imports

Imports in Scandinavia

In 2023, purchases abroad of crude glycerol, glycerine waters and lyes was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, crude glycerol imports dropped markedly to $X in 2023. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

Sweden dominates imports structure, recording X tons, which was near X% of total imports in 2023. It was distantly followed by Finland (X tons), mixing up a X% share of total imports.

Sweden was also the fastest-growing in terms of the crude glycerol, glycerine waters and lyes imports, with a CAGR of X% from 2012 to 2023. Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by X% from 2012 to 2023, respectively.

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

In Sweden, crude glycerol imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, posted a strong increase. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then dropped remarkably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Source: IndexBox Platform