France: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in France

For the eighth consecutive year, the French refined or synthetic glycerol market recorded growth in sales value, which increased by 39% to $X in 2022. In general, consumption, however, continues to indicate a significant increase. Refined or synthetic glycerol consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Refined or Synthetic Glycerol in France

In value terms, refined or synthetic glycerol production rose to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 218%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Refined or Synthetic Glycerol

Exports from France

After three years of decline, overseas shipments of refined or synthetic glycerol increased by 34% to X tons in 2022. Overall, exports, however, showed a pronounced downturn. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, refined or synthetic glycerol exports surged to $X in 2022. Over the period under review, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of refined or synthetic glycerol exports from France, with a combined 70% share of total exports. Spain, Poland, Portugal and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +63.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for refined or synthetic glycerol exported from France were Italy ($X), Germany ($X) and Spain ($X), together comprising 59% of total exports. Belgium, the UK, Portugal and Poland lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Poland, with a CAGR of +65.6%, 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

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, increasing by 8.7% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +44.8% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 Ukraine (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports into France

For the third consecutive year, France recorded growth in supplies from abroad of refined or synthetic glycerol, which increased by 5% to X tons in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +24.3% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 24%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. Over the period under review, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of refined or synthetic glycerol imports to France, together comprising 85% of total imports. Italy, Indonesia and Spain lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of refined or synthetic glycerol to France, comprising 51% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.3% per year) and Belgium (+2.0% per year).

Import Prices by Country

In 2022, the average refined or synthetic glycerol import price amounted to $X per ton, with an increase of 57% against the previous year. Over the period under review, the import price enjoyed 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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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