Colombia: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in Colombia

In 2022, the Colombian refined or synthetic glycerol market increased by 4.8% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Refined or synthetic glycerol consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Refined or Synthetic Glycerol in Colombia

In value terms, refined or synthetic glycerol production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Refined or Synthetic Glycerol

Exports from Colombia

In 2022, overseas shipments of refined or synthetic glycerol decreased by -20.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, refined or synthetic glycerol exports fell dramatically to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 117% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for refined or synthetic glycerol exports from Colombia, accounting for a 48% share of total exports. Moreover, refined or synthetic glycerol exports to Mexico exceeded the volume sent to the second major destination, Ecuador (X tons), fourfold. Panama (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-6.7% per year) and Panama (+38.6% per year).

In value terms, Mexico ($X) remains the key foreign market for refined or synthetic glycerol exports from Colombia, comprising 46% of total exports. The second position in the ranking was held by El Salvador ($X), with a 13% share of total exports. It was followed by Ecuador, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+16.9% per year) and Ecuador (-5.0% per year).

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, waning by -8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 when the average export price increased by 33%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Panama ($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 China (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports into Colombia

In 2022, approx. X tons of refined or synthetic glycerol were imported into Colombia; jumping by 53% compared with the year before. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 232% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. In general, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 130%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Germany (X tons) and Argentina (X tons) were the main suppliers of refined or synthetic glycerol imports to Colombia, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +49.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Germany ($X) and Argentina ($X) were the largest refined or synthetic glycerol suppliers to Colombia, together accounting for 76% of total imports. The United States, Malaysia, Peru and Italy lagged somewhat behind, together comprising a further 22%.

Peru, with a CAGR of +63.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, falling by -12.2% against the previous year. In general, the import price showed a noticeable reduction. The growth pace was the most rapid in 2018 an increase of 69% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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