Iran: Glycerol Market 2024

Glycerol Market Size in Iran

The Iranian glycerol market contracted slightly to $X in 2022, remaining stable against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Glycerol Production in Iran

In value terms, glycerol production fell to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Glycerol production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Glycerol Exports

Exports from Iran

Glycerol exports from Iran reduced rapidly to X tons in 2022, waning by X% compared with the year before. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, glycerol exports dropped dramatically to $X in 2022. Overall, exports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for glycerol exports from Iran, with a X% share of total exports. Moreover, glycerol exports to Iraq exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Poland (X.8% per year).

In value terms, Iraq ($X) remains the key foreign market for glycerol exports from Iran, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Poland (X.1% per year).

Export Prices by Country

In 2022, the average glycerol export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

Glycerol Imports

Imports into Iran

In 2022, the amount of glycerol imported into Iran surged to X tons, jumping by X% compared with the previous year's figure. In general, imports showed measured growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, glycerol imports soared to $X in 2022. Overall, imports recorded temperate growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Turkey (X tons) were the main suppliers of glycerol imports to Iran, with a combined X% share of total imports. Italy, South Korea, the United Arab Emirates, Thailand, India, Singapore, Spain, Cyprus, Bulgaria and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glycerol suppliers to Iran were Turkey ($X), Indonesia ($X) and Malaysia ($X), together accounting for X% of total imports. The United Arab Emirates, Italy, India, South Korea, Thailand, Singapore, Spain, Cyprus, the Philippines and Bulgaria lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glycerol import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform