EU: Crude Glycerol Market 2024

Crude Glycerol Market Size in the EU

In 2021, the EU crude glycerol market decreased by -0.1% to $X, falling for the second year in a row after four years of growth. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Crude Glycerol Production in the EU

In value terms, crude glycerol production expanded sharply to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.3% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the immediate term.

Crude Glycerol Exports

Exports in the EU

In 2021, crude glycerol exports in the European Union reduced slightly to X tons, with a decrease of -2.6% compared with the previous year. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then fell modestly in the following year.

In value terms, crude glycerol exports skyrocketed to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.1% against 2019 indices. 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 Spain (X tons) represented the key exporters of crude glycerol, glycerine waters and lyes in 2021, accounting for approx. 22% and 21% of total exports, respectively. It was distantly followed by France (X tons), Poland (X tons), Portugal (X tons), Belgium (X tons), the Netherlands (X tons) and Italy (X tons), together making up a 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Italy (with a CAGR of +35.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 51% share of total exports.

Among the main exporting countries, Spain, with a CAGR of +34.4%, 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 2021, jumping by 72% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+6.1%), while the other leaders experienced more modest paces of growth.

Crude Glycerol Imports

Imports in the EU

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were imported in the European Union; surging by 3.1% against the year before. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, crude glycerol imports surged to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.0% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) represented the major importer of crude glycerol, glycerine waters and lyes, constituting 40% of total imports. Germany (X tons) held the second position in the ranking, followed by Belgium (X tons), Denmark (X tons) and Italy (X tons). All these countries together held near 50% share of total imports. The following importers - the Czech Republic (X tons) and Poland (X tons) - each recorded a 4.8% share of total imports.

Imports into the Netherlands increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Poland (+20.4%), Denmark (+15.9%) and Belgium (+6.8%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +20.4% from 2012-2021. By contrast, Germany (-2.2%), Italy (-3.0%) and the Czech Republic (-5.4%) illustrated a downward trend over the same period. Denmark (+8.3 p.p.), the Netherlands (+4.6 p.p.), Belgium (+4.1 p.p.) and Poland (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Italy and Germany saw its share reduced by -2.5%, -3.2% and -9.9% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) were the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. Belgium, Italy, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

Poland, with a CAGR of +21.4%, saw the highest rates of growth with regard to 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

In 2021, the import price in the European Union amounted to $X per ton, jumping by 35% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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