Global Glycerol Market 2024

Glycerol Market Size

In 2023, the global glycerol market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Glycerol Production

In value terms, glycerol production amounted to $X in 2023 estimated in export price. In general, the total production indicated a remarkable increase 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Glycerol Exports

Exports

In 2023, shipments abroad of glycerol decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at X tons in 2022, and then fell in the following year.

In value terms, glycerol exports shrank markedly to $X in 2023. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2022, and then reduced rapidly in the following year.

Exports by Country

Indonesia was the largest exporting country with an export of around X tons, which finished at X% of total exports. Brazil (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Germany (X%) and the Netherlands (X%). Spain (X tons), France (X tons), the United States (X tons), Belgium (X tons), Argentina (X tons), Poland (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to glycerol exports from Indonesia stood at X%. At the same time, Spain (X%), the United States (X%), Brazil (X%), Malaysia (X%), Germany (X%), the Netherlands (X%) and Poland (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Argentina (X%), Belgium (X%) and France (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Brazil (X p.p.) and Spain (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the Netherlands (X p.p.), Thailand (X p.p.), Germany (X p.p.), Argentina (X p.p.), Belgium (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest glycerol supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

In Indonesia, glycerol exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average glycerol export price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2023: its price 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, glycerol export price increased by X% against 2019 indices. The most prominent rate of growth was recorded 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 reduced markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Brazil ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Glycerol Imports

Imports

In 2023, after two years of growth, there was significant decline in overseas purchases of glycerol, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, glycerol imports dropped significantly to $X in 2023. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

China represented the key importer of glycerol in the world, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Denmark (X tons) and the Netherlands (X tons), together making up an X% share of total imports. Malaysia (X tons), India (X tons), Germany (X tons), the United States (X tons), Japan (X tons), Italy (X tons), Thailand (X tons), France (X tons), the Czech Republic (X tons) and Russia (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to glycerol imports into China stood at X%. At the same time, Denmark (X%), India (X%), Malaysia (X%), Thailand (X%), the Czech Republic (X%), France (X%) and Japan (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Italy and the United States experienced a relatively flat trend pattern. By contrast, Russia (X%), Germany (X%) and the Netherlands (X%) illustrated a downward trend over the same period. China (X p.p.), Denmark (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global imports, while Russia, the United States, Germany and the Netherlands saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported glycerol worldwide, comprising X% of global imports. The second position in the ranking was taken by Denmark ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In China, glycerol imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Denmark (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average glycerol import price stood at $X per ton in 2023, remaining stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform