Australia and Oceania: Crude Glycerol Market 2024

Crude Glycerol Market Size in Australia and Oceania

The crude glycerol market in Australia and Oceania reached $X in 2021, stabilizing at the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Crude Glycerol Production in Australia and Oceania

In value terms, crude glycerol production totaled $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Crude Glycerol Exports

Exports in Australia and Oceania

In 2021, exports of crude glycerol, glycerine waters and lyes in Australia and Oceania skyrocketed to X tons, rising by 593% against the previous year. Overall, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when exports increased by 116,138% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crude glycerol exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 38,688%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of crude glycerol, glycerine waters and lyes, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the crude glycerol, glycerine waters and lyes exports, with a CAGR of -4.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest crude glycerol supplier in Australia and Oceania.

In Australia, crude glycerol exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, shrinking by -6.5% against the previous year. In general, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 103% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +5.3% per year.

Crude Glycerol Imports

Imports in Australia and Oceania

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were imported in Australia and Oceania; dropping by -89.8% compared with 2020 figures. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 761%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, crude glycerol imports dropped dramatically to $X in 2021. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 389% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

New Zealand was the major importing country with an import of around X tons, which finished at 69% of total imports. Australia (X tons) held the second position in the ranking, followed by Papua New Guinea (X tons). All these countries together took near 26% share of total imports. Fiji (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the crude glycerol, glycerine waters and lyes imports, with a CAGR of -5.7% from 2012 to 2021. Papua New Guinea (-8.1%), Australia (-12.4%) and Fiji (-13.5%) illustrated a downward trend over the same period. New Zealand (+11 p.p.) significantly strengthened its position in terms of the total imports, while Fiji and Australia saw its share reduced by -2% and -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was taken by Australia ($X), with a 21% share of total imports. It was followed by Papua New Guinea, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand totaled -5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (-1.3% per year) and Papua New Guinea (-7.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, with an increase of 253% against the previous year. Over the period under review, the import price recorded a moderate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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