China: Crude Glycerol Market 2024

Crude Glycerol Market Size in China

The Chinese crude glycerol market amounted to $X in 2021, growing by 3% against the previous year. In general, consumption recorded a buoyant expansion. Crude glycerol consumption peaked in 2021 and is expected to retain growth in the immediate term.

Crude Glycerol Production in China

In value terms, crude glycerol production declined to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 83% against the previous year. Crude glycerol production peaked at $X in 2020, and then fell in the following year.

Crude Glycerol Exports

Exports from China

In 2021, shipments abroad of crude glycerol, glycerine waters and lyes was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 298%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, crude glycerol exports amounted to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by 231% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X tons), Canada (X tons) and Burkina Faso (X tons) were the main destinations of crude glycerol exports from China, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +6,100.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude glycerol exported from China were Saudi Arabia ($X), Canada ($X) and the United States ($X), together comprising 80% of total exports. These countries were followed by Russia, Ethiopia, Uzbekistan, Burkina Faso and South Korea, which together accounted for a further 11%.

Among the main countries of destination, Burkina Faso, with a CAGR of +832.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average crude glycerol export price amounted to $X per ton, which is down by -12.7% against the previous year. Over the period under review, the export price, however, posted prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Burkina Faso ($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 Netherlands (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Glycerol Imports

Imports into China

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were imported into China; jumping by 18% against the year before. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 52%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, crude glycerol imports soared to $X in 2021. In general, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest crude glycerol supplier to China, with a 54% share of total imports. Moreover, crude glycerol imports from Indonesia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.5% per year) and Malaysia (+28.8% per year).

In value terms, Indonesia ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to China, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 20% share of total imports. It was followed by Malaysia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+11.2% per year) and Malaysia (+36.7% per year).

Import Prices by Country

The average crude glycerol import price stood at $X per ton in 2021, increasing by 99% against the previous year. In general, the import price enjoyed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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