Africa: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in Africa

The African refined or synthetic glycerol market rose markedly to $X in 2022, picking up by 6.3% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.4% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Production of Refined or Synthetic Glycerol in Africa

In value terms, refined or synthetic glycerol production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports in Africa

In 2022, approx. X tons of refined or synthetic glycerol were exported in Africa; surging by 2.4% against the year before. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 36% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, refined or synthetic glycerol exports amounted to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

South Africa represented the largest exporting country with an export of around X tons, which recorded 38% of total exports. Senegal (X tons) ranks second in terms of the total exports with a 22% share, followed by Algeria (13%), Kenya (12%) and Tanzania (6.6%). The following exporters - Uganda (X tons) and Rwanda (X tons) - each amounted to a 4.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of +47.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest refined or synthetic glycerol supplier in Africa, comprising 61% of total exports. The second position in the ranking was held by Senegal ($X), with a 13% share of total exports. It was followed by Tanzania, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +1.4%. In the other countries, the average annual rates were as follows: Senegal (+10.8% per year) and Tanzania (+1.6% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by 3.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 47%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports in Africa

In 2022, refined or synthetic glycerol imports in Africa surged to X tons, growing by 29% against 2021 figures. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 54% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons), distantly followed by Tanzania (X tons), South Africa (X tons) and Nigeria (X tons) were the major importers of refined or synthetic glycerol, together generating 59% of total imports. Zambia (X tons), Morocco (X tons), Malawi (X tons), Sudan (X tons), Kenya (X tons), Djibouti (X tons), Democratic Republic of the Congo (X tons), Cote d'Ivoire (X tons) and Ethiopia (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refined or synthetic glycerol importing markets in Africa were Egypt ($X), South Africa ($X) and Tanzania ($X), with a combined 55% share of total imports.

Among the main importing countries, Tanzania, with a CAGR of +18.8%, saw the highest rates of growth with regard to 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 Africa stood at $X per ton in 2022, growing by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 34% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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