Argentina: Crude Glycerol Market 2025

Crude Glycerol Market Size in Argentina

The Argentinian crude glycerol market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crude Glycerol Production in Argentina

In value terms, crude glycerol production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable reduction. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. Crude glycerol production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Crude Glycerol Exports

Exports from Argentina

In 2021, overseas shipments of crude glycerol, glycerine waters and lyes decreased by -56.2% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2014 with an increase of 73%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, crude glycerol exports dropped rapidly to $X in 2021. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 79%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for crude glycerol exports from Argentina, with a 52% share of total exports. Moreover, crude glycerol exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), threefold. India (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-23.8% per year) and India (+1.8% per year).

In value terms, the Netherlands ($X), China ($X) and Peru ($X) appeared to be the largest markets for crude glycerol exported from Argentina worldwide, together comprising 75% of total exports.

Among the main countries of destination, Peru, with a CAGR of +32.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2021, surging by 1.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 47%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Glycerol Imports

Imports into Argentina

In 2021, purchases abroad of crude glycerol, glycerine waters and lyes increased by 17% to X tons, rising for the fifth year in a row after four years of decline. Overall, imports saw temperate growth. The growth pace was the most rapid in 2020 with an increase of 131% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, crude glycerol imports declined to $X in 2021. In general, imports, however, saw a mild contraction. The pace of growth was the most pronounced in 2020 when imports increased by 49%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of crude glycerol to Argentina, with a 88% share of total imports. Moreover, crude glycerol imports from Brazil exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +54.2%.

In value terms, Brazil ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to Argentina, comprising 78% of total imports. The second position in the ranking was held by Uruguay ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled +42.8%.

Import Prices by Country

The average crude glycerol import price stood at $X per ton in 2021, falling by -25.5% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 109% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Uruguay amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (-7.4%).

Source: IndexBox Platform

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