Europe: Glycerol Market 2024

Glycerol Market Size in Europe

After two years of growth, the Europe glycerol market decreased by X% to $X in 2023. In general, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Glycerol Production in Europe

In value terms, glycerol production declined to $X in 2023 estimated in export price. Overall, production, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then reduced in the following year.

Glycerol Exports

Exports in Europe

In 2023, overseas shipments of glycerol decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total exports indicated a perceptible expansion from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, glycerol exports plummeted to $X in 2023. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

In 2023, Germany (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), France (X tons), Belgium (X tons) and Poland (X tons) were the major exporters of glycerol, together constituting X% of total exports. Italy (X tons), the Czech Republic (X tons), Portugal (X tons), the UK (X tons), Romania (X tons), Austria (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest glycerol supplying countries in Europe were Germany ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total exports.

In terms of the main exporting countries, Spain, with a CAGR of X%, recorded the highest growth rate of 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

The export price in Europe stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2023: its price 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, 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. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Glycerol Imports

Imports in Europe

After three years of growth, supplies from abroad of glycerol decreased by X% to X tons in 2023. Total imports indicated a mild expansion from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, glycerol imports declined significantly to $X in 2023. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Denmark (X tons) and the Netherlands (X tons) represented the main importers of glycerol in 2023, accounting for approx. X% and X% of total imports, respectively. Germany (X tons) ranks next in terms of the total imports with a X% share, followed by Italy (X%), France (X%), the Czech Republic (X%), Russia (X%) and Spain (X%). The following importers - Belgium (X tons), the UK (X tons), Poland (X tons) and Switzerland (X tons) - together made up X% of total imports.

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

In value terms, the largest glycerol importing markets in Europe were Denmark ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total imports.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Europe stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated a measured increase 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 import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked in 2023 and is likely to see steady 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 the UK ($X per ton), while Denmark ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform