Jordan: Glycerol Market 2024

Glycerol Market Size in Jordan

The Jordanian glycerol market shrank to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated prominent growth 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 increased 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 Jordan

In value terms, glycerol production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Glycerol Exports

Exports from Jordan

In 2022, the amount of glycerol exported from Jordan amounted to X tons, surging by X% on the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, glycerol exports surged to $X in 2022. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Free Zones (X tons), Lebanon (X tons) and Syrian Arab Republic (X tons) were the main destinations of glycerol exports from Jordan, with a combined X% share of total exports. Egypt and Saudi Arabia lagged somewhat behind, together comprising a further X%.

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

In value terms, Free Zones ($X), Lebanon ($X) and Syrian Arab Republic ($X) were the largest markets for glycerol exported from Jordan worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Syrian Arab Republic, with a CAGR of X%, recorded 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 average glycerol export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Lebanon ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Free Zones ($X per ton) and Syrian Arab Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glycerol Imports

Imports into Jordan

In 2022, the amount of glycerol imported into Jordan shrank significantly to X tons, dropping by X% on 2021. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glycerol imports skyrocketed to $X in 2022. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and Brazil (X tons) were the main suppliers of glycerol imports to Jordan, with a combined X% share of total imports.

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

In value terms, Indonesia ($X), Malaysia ($X) and Brazil ($X) were the largest glycerol suppliers to Jordan, together accounting for X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glycerol import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Malaysia ($X per ton), while the price for Brazil ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform