Czech Republic: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in the Czech Republic

For the third consecutive year, the Czech refined or synthetic glycerol market recorded growth in sales value, which increased by 32% to $X in 2022. In general, consumption, however, posted a prominent increase. Refined or synthetic glycerol consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Refined or Synthetic Glycerol in the Czech Republic

In value terms, refined or synthetic glycerol production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Refined or Synthetic Glycerol

Exports from the Czech Republic

Refined or synthetic glycerol exports from the Czech Republic soared to X tons in 2022, rising by 16% against 2021. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 49% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, refined or synthetic glycerol exports skyrocketed to $X in 2022. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for refined or synthetic glycerol exports from the Czech Republic, accounting for a 45% share of total exports. Moreover, refined or synthetic glycerol exports to Poland exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+280.2% per year) and Hungary (-13.8% per year).

In value terms, Poland ($X) remains the key foreign market for refined or synthetic glycerol exports from the Czech Republic, comprising 39% of total exports. The second position in the ranking was taken by Denmark ($X), with an 11% share of total exports. It was followed by Hungary, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+220.9% per year) and Hungary (-5.5% per year).

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belgium ($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 Russia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports into the Czech Republic

Refined or synthetic glycerol imports into the Czech Republic declined to X tons in 2022, with a decrease of -13.6% on the previous year's figure. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 349%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 527%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of refined or synthetic glycerol to the Czech Republic, accounting for a 77% share of total imports. Moreover, refined or synthetic glycerol imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. Austria (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.6% per year) and Austria (+1.6% per year).

In value terms, Germany ($X) constituted the largest supplier of refined or synthetic glycerol to the Czech Republic, comprising 85% of total imports. The second position in the ranking was held by Poland ($X), with a 5.1% share of total imports. It was followed by Austria, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.8% per year) and Austria (+8.9% per year).

Import Prices by Country

The average refined or synthetic glycerol import price stood at $X per ton in 2022, jumping by 83% against the previous year. In general, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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