Brazil: Crude Glycerol Market 2024

Crude Glycerol Market Size in Brazil

In 2021, the Brazilian crude glycerol market decreased by -16.2% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Crude Glycerol Production in Brazil

In value terms, crude glycerol production reached $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 -17.6% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Crude glycerol production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Crude Glycerol Exports

Exports from Brazil

In 2021, the amount of crude glycerol, glycerine waters and lyes exported from Brazil surged to X tons, growing by 32% compared with the previous year's figure. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 69% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, crude glycerol exports surged to $X in 2021. In general, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for crude glycerol exports from Brazil, with a 75% share of total exports. Moreover, crude glycerol exports to China exceeded the volume sent to the second major destination, Russia (X tons), eightfold. India (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+129.4% per year) and India (+53.9% per year).

In value terms, China ($X) remains the key foreign market for crude glycerol, glycerine waters and lyes exports from Brazil, comprising 72% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Thailand, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+127.5% per year) and Thailand (+384.4% per year).

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2021, increasing by 102% against the previous year. In general, the export price showed a temperate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Pakistan ($X per ton), while the average price for exports to China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Glycerol Imports

Imports into Brazil

In 2021, overseas purchases of crude glycerol, glycerine waters and lyes increased by 58% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 163%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, crude glycerol imports skyrocketed to $X in 2021. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 155%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and France (X tons) were the main suppliers of crude glycerol imports to Brazil, together comprising 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +126.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude glycerol suppliers to Brazil were Germany ($X), the United States ($X) and France ($X), with a combined 87% share of total imports.

In terms of the main suppliers, France, with a CAGR of +157.8%, saw the highest growth rate of 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 average crude glycerol import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 200%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+82.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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