EU: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in the EU

The EU refined or synthetic glycerol market surged to $X in 2022, increasing by 61% against the previous year. Over the period under review, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Refined or Synthetic Glycerol in the EU

In value terms, refined or synthetic glycerol production soared to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 59% against the previous year. The level of production peaked in 2022 and is likely to continue growth in years to come.

Exports of Refined or Synthetic Glycerol

Exports in the EU

In 2022, overseas shipments of refined or synthetic glycerol increased by 26% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol exports soared to $X in 2022. Over the period under review, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and the Netherlands (X tons) prevails in exports structure, together achieving 74% of total exports. Poland (X tons) took a 5.8% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (5.4%). France (X tons), Italy (X tons), Austria (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +11.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest refined or synthetic glycerol supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 82% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +18.6%, 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

The export price in the European Union stood at $X per ton in 2022, picking up by 38% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined or synthetic glycerol export price increased by +86.9% 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 origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Poland ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports in the EU

In 2022, approx. X tons of refined or synthetic glycerol were imported in the European Union; picking up by 50% against 2021 figures. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol imports soared to $X in 2022. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the largest importer of refined or synthetic glycerol in the European Union, with the volume of imports reaching X tons, which was near 33% of total imports in 2022. Denmark (X tons) took the second position in the ranking, followed by France (X tons), Germany (X tons), Spain (X tons), Italy (X tons), Poland (X tons), Belgium (X tons) and the Czech Republic (X tons). All these countries together took near 57% share of total imports. Hungary (X tons) took a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Denmark (+12.8%), the Czech Republic (+9.3%), Spain (+7.9%), Italy (+7.0%), Germany (+5.3%), Poland (+4.3%) and France (+3.3%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.8% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Belgium (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Denmark increased by +8.2 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. Spain, Italy, Denmark, Poland, the Czech Republic, Belgium and Hungary lagged somewhat behind, together accounting for a further 46%.

The Czech Republic, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 26% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined or synthetic glycerol import price increased by +23.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 36%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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