Eastern Europe: Crude Glycerol Market 2025

Crude Glycerol Market Size in Eastern Europe

In 2021, the East European crude glycerol market decreased by -12% to $X, falling for the third consecutive year after three years of growth. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -27.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Crude Glycerol Production in Eastern Europe

In value terms, crude glycerol production soared to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Crude Glycerol Exports

Exports in Eastern Europe

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were exported in Eastern Europe; rising by 15% on the previous year's figure. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, crude glycerol exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), distantly followed by Romania (X tons), Hungary (X tons), Lithuania (X tons), the Czech Republic (X tons), Bulgaria (X tons) and Slovakia (X tons) were the main exporters of crude glycerol, glycerine waters and lyes, together achieving 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hungary (with a CAGR of +60.9%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest crude glycerol supplier in Eastern Europe, comprising 33% of total exports. The second position in the ranking was taken by Romania ($X), with a 14% share of total exports. It was followed by Lithuania, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland stood at +10.5%. In the other countries, the average annual rates were as follows: Romania (+13.8% per year) and Lithuania (+13.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 64% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 +108.0% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+15.3%), while the other leaders experienced more modest paces of growth.

Crude Glycerol Imports

Imports in Eastern Europe

After two years of decline, overseas purchases of crude glycerol, glycerine waters and lyes increased by 46% to X tons in 2021. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude glycerol imports surged to $X in 2021. Overall, 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

Russia was the key importer of crude glycerol, glycerine waters and lyes in Eastern Europe, with the volume of imports resulting at X tons, which was approx. 57% of total imports in 2021. Ukraine (X tons) held the second position in the ranking, followed by the Czech Republic (X tons) and Poland (X tons). All these countries together held approx. 38% share of total imports. Bulgaria (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to crude glycerol imports into Russia stood at +60.6%. At the same time, Bulgaria (+120.5%), Poland (+20.4%) and Ukraine (+2.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +120.5% from 2012-2021. By contrast, the Czech Republic (-5.4%) illustrated a downward trend over the same period. Russia (+55 p.p.), Poland (+5.4 p.p.) and Bulgaria (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine and the Czech Republic saw its share reduced by -19.1% and -36.5% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in Eastern Europe, comprising 55% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +43.5%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+21.4% per year) and the Czech Republic (-2.0% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, growing by 49% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :