EU: Crude Glycerol Market 2024

Crude Glycerol Market Size in the EU

In 2023, the EU crude glycerol market decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. The total consumption indicated a strong 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 2016 indices. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Crude Glycerol Production in the EU

In value terms, crude glycerol production shrank to $X in 2023 estimated in export price. The total production indicated resilient growth 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, production increased by X% against 2017 indices. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. As a result, production attained the peak level of $X, and then reduced in the following year.

Crude Glycerol Exports

Exports in the EU

After three years of growth, overseas shipments of crude glycerol, glycerine waters and lyes decreased by X% to X tons in 2023. Over the period under review, exports, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, crude glycerol exports dropped remarkably to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced notably in the following year.

Exports by Country

In 2023, Germany (X tons), distantly followed by Spain (X tons), France (X tons), the Netherlands (X tons) and Belgium (X tons) were the largest exporters of crude glycerol, glycerine waters and lyes, together making up X% of total exports. Poland (X tons), Portugal (X tons), Romania (X tons), Italy (X tons), the Czech Republic (X tons), Lithuania (X tons), Hungary (X tons) and Latvia (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest crude glycerol supplying countries in the European Union were Germany ($X), Spain ($X) and France ($X), together comprising X% of total exports. Belgium, the Netherlands, Poland, Portugal, the Czech Republic, Romania, Italy, Latvia, Lithuania and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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 Latvia ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Crude Glycerol Imports

Imports in the EU

In 2023, overseas purchases of crude glycerol, glycerine waters and lyes decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports, however, continue to indicate slight growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, crude glycerol imports declined remarkably to $X in 2023. Overall, imports, however, showed slight growth. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2023, Denmark (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), the Czech Republic (X tons) and Italy (X tons) represented the major importers of crude glycerol, glycerine waters and lyes, together constituting X% of total imports. Belgium (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Italy, the Czech Republic, France and Belgium lagged somewhat behind, together comprising a further X%.

Among the main importing countries, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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 contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform