Czech Republic: Crude Glycerol Market 2024

Crude Glycerol Market Size in the Czech Republic

The Czech crude glycerol market rose significantly to $X in 2021, picking up by 6.1% against the previous year. In general, consumption recorded a deep slump. Crude glycerol consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Crude Glycerol Production in the Czech Republic

In value terms, crude glycerol production rose significantly to $X in 2021 estimated in export price. Overall, production saw a deep reduction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Crude Glycerol Exports

Exports from the Czech Republic

In 2021, crude glycerol exports from the Czech Republic soared to X tons, with an increase of 22% compared with 2020. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2018 when exports increased by 112%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, crude glycerol exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 132%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main destinations of crude glycerol exports from the Czech Republic, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +65.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude glycerol exported from the Czech Republic were Germany ($X), Belgium ($X) and Poland ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +90.5%, saw the highest rates of growth with regard to 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

The average crude glycerol export price stood at $X per ton in 2021, growing by 46% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude glycerol export price increased by +100.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Belgium (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Glycerol Imports

Imports into the Czech Republic

For the third year in a row, the Czech Republic recorded decline in supplies from abroad of crude glycerol, glycerine waters and lyes, which decreased by -12.8% to X tons in 2021. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, crude glycerol imports skyrocketed to $X in 2021. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 43%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Hungary (X tons) and Slovakia (X tons) were the main suppliers of crude glycerol imports to the Czech Republic, with a combined 77% share of total imports. These countries were followed by France, Germany, Romania, Lithuania, the Netherlands and Austria, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +113.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to the Czech Republic, comprising 41% of total imports. The second position in the ranking was held by Hungary ($X), with a 20% share of total imports. It was followed by Slovakia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +47.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-5.4% per year) and Slovakia (+5.0% per year).

Import Prices by Country

In 2021, the average crude glycerol import price amounted to $X per ton, surging by 61% against the previous year. Overall, the import price enjoyed a measured increase. As a result, import price attained 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 Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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