Overview of the Global Market for Refined or Synthetic Glycerol

Market Size for Refined or Synthetic Glycerol

After three years of growth, the global refined or synthetic glycerol market decreased by X% to $X in 2023. In general, the total consumption indicated a prominent expansion 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. Global consumption peaked at $X in 2022, and then declined in the following year.

Production of Refined or Synthetic Glycerol

In value terms, refined or synthetic glycerol production rose modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a resilient 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, global production growth remained at a lower figure.

Exports of Refined or Synthetic Glycerol

Exports

In 2023, shipments abroad of refined or synthetic glycerol decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. Over the period under review, total exports indicated pronounced growth from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The global exports peaked at X tons in 2022, and then dropped notably in the following year.

In value terms, refined or synthetic glycerol exports declined notably to $X in 2023. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

In 2023, Indonesia (X tons) was the main exporter of refined or synthetic glycerol, constituting X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), the Netherlands (X%) and Brazil (X%). Argentina (X tons) and Poland (X tons) followed a long way behind the leaders.

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

In value terms, Indonesia ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Malaysia, Brazil, Poland and Argentina lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average refined or synthetic glycerol export price stood at $X per ton in 2023, reducing by X% against the previous year. In general, export price indicated a perceptible increase 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, refined or synthetic glycerol export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2022, and then shrank slightly 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 Germany ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Imports of Refined or Synthetic Glycerol

Imports

In 2023, after seven years of growth, there was significant decline in overseas purchases of refined or synthetic glycerol, when their volume decreased by X% to X tons. In general, imports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, refined or synthetic glycerol imports contracted sharply to $X in 2023. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2023, China (X tons) represented the largest importer of refined or synthetic glycerol, creating X% of total imports. It was distantly followed by the United States (X tons), comprising a X% share of total imports. The following importers - the Netherlands (X tons), Japan (X tons), India (X tons), Malaysia (X tons), Thailand (X tons), France (X tons), Spain (X tons), Italy (X tons), South Korea (X tons), the UK (X tons) and Poland (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the refined or synthetic glycerol imports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%), Spain (X%), India (X%), Italy (X%), Thailand (X%), South Korea (X%), Japan (X%), Poland (X%) and the UK (X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global imports, while France, the Netherlands and the United States saw its share reduced by 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 ($X) constitutes the largest market for imported refined or synthetic glycerol worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

The average refined or synthetic glycerol import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, import price indicated a noticeable 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, refined or synthetic glycerol import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Malaysia ($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 UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform