Luxembourg: Glycerol Market 2024

Glycerol Market Size in Luxembourg

In 2022, the Luxembourg glycerol market increased by X% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glycerol Production in Luxembourg

In value terms, glycerol production declined to $X in 2022 estimated in export price. In general, the total production indicated a noticeable 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Glycerol production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Glycerol Exports

Exports from Luxembourg

In 2022, the amount of glycerol exported from Luxembourg skyrocketed to X tons, increasing by X% on the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, glycerol exports rose slightly to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for glycerol exports from Luxembourg, with a X% share of total exports. Moreover, glycerol exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by Austria (X tons), with a X% share.

From 2015 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Austria (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for glycerol exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2015 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average glycerol export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Glycerol Imports

Imports into Luxembourg

For the seventh year in a row, Luxembourg recorded growth in supplies from abroad of glycerol, which increased by X% to X tons in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glycerol imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) was the main supplier of glycerol to Luxembourg, accounting for a X% share of total imports. Moreover, glycerol imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) constituted the largest supplier of glycerol to Luxembourg, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

The average glycerol import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform