Brazil: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in Brazil

The Brazilian refined or synthetic glycerol market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, showed a perceptible setback. Refined or synthetic glycerol consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Refined or Synthetic Glycerol in Brazil

In value terms, refined or synthetic glycerol production totaled $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -0.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. Refined or synthetic glycerol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports from Brazil

In 2022, after five years of growth, there was significant decline in shipments abroad of refined or synthetic glycerol, when their volume decreased by -6.8% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,008% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, refined or synthetic glycerol exports soared to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 560% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons) was the main destination for refined or synthetic glycerol exports from Brazil, with a 29% share of total exports. Moreover, refined or synthetic glycerol exports to China exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. The third position in this ranking was held by Egypt (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+27.5% per year) and Egypt (+20.5% per year).

In value terms, China ($X) remains the key foreign market for refined or synthetic glycerol exports from Brazil, comprising 26% of total exports. The second position in the ranking was taken by South Africa ($X), with a 7.9% share of total exports. It was followed by Egypt, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +97.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+39.0% per year) and Egypt (+31.8% per year).

Export Prices by Country

The average refined or synthetic glycerol export price stood at $X per ton in 2022, rising by 46% against the previous year. Overall, the export price recorded perceptible growth. The growth pace was the most rapid in 2021 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports into Brazil

Refined or synthetic glycerol imports into Brazil skyrocketed to X tons in 2022, jumping by 87% compared with the year before. In general, imports, however, recorded a abrupt slump. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, refined or synthetic glycerol imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible curtailment. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Malaysia (X tons) and Peru (X tons) were the main suppliers of refined or synthetic glycerol imports to Brazil, with a combined 77% share of total imports. Germany, Mexico, the Netherlands and Indonesia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +143.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Argentina ($X) and Malaysia ($X) appeared to be the largest refined or synthetic glycerol suppliers to Brazil, with a combined 68% share of total imports. Peru, Mexico, Indonesia and the Netherlands lagged somewhat behind, together accounting for a further 22%.

Mexico, with a CAGR of +120.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined or synthetic glycerol import price stood at $X per ton in 2022, which is down by -7.7% against the previous year. In general, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 41%. The import price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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