Australia and Oceania: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Australia and Oceania

The refined or synthetic glycerol market in Australia and Oceania soared to $X in 2022, rising by 55% against the previous year. In general, consumption continues to indicate resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Refined or Synthetic Glycerol in Australia and Oceania

In value terms, refined or synthetic glycerol production rose to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports in Australia and Oceania

In 2022, after two years of decline, there was significant growth in overseas shipments of refined or synthetic glycerol, when their volume increased by 124% to X tons. Over the period under review, exports, however, recorded a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of 499%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined or synthetic glycerol exports soared to $X in 2022. In general, exports, however, showed a significant decline. The most prominent rate of growth was recorded in 2017 when exports increased by 230%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia was the main exporter of refined or synthetic glycerol in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. 74% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 26% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to refined or synthetic glycerol exports from Australia stood at -29.9%. At the same time, New Zealand (+32.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +32.7% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +26 percentage points.

In value terms, Australia ($X) remains the largest refined or synthetic glycerol supplier in Australia and Oceania, comprising 75% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -23.1%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, shrinking by -11.8% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 296%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.7%).

Imports of Refined or Synthetic Glycerol

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in purchases abroad of refined or synthetic glycerol, which increased by 5.1% to X tons in 2022. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +23.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the main importing country with an import of around X tons, which finished at 74% of total imports. It was distantly followed by New Zealand (X tons), generating a 26% share of total imports.

Australia was also the fastest-growing in terms of the refined or synthetic glycerol imports, with a CAGR of +6.9% from 2012 to 2022. At the same time, New Zealand (+2.8%) displayed positive paces of growth. Australia (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -8.2% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported refined or synthetic glycerol in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 27% share of total imports.

In Australia, refined or synthetic glycerol imports expanded at an average annual rate of +16.5% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 75% against the previous year. Over the period under review, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+9.3%).

Source: IndexBox Platform

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