Northern America: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Northern America

The North American refined or synthetic glycerol market surged to $X in 2022, with an increase of 35% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 +70.0% against 2014 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Refined or Synthetic Glycerol in Northern America

In value terms, refined or synthetic glycerol production rose slightly to $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 43%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports in Northern America

Refined or synthetic glycerol exports skyrocketed to X tons in 2022, with an increase of 18% compared with 2021 figures. In general, exports recorded a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 41% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, refined or synthetic glycerol exports skyrocketed to $X in 2022. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of refined or synthetic glycerol, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the refined or synthetic glycerol exports, with a CAGR of +12.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest refined or synthetic glycerol supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +18.1%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, jumping by 53% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +83.4% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.2% per year.

Imports of Refined or Synthetic Glycerol

Imports in Northern America

In 2022, approx. X tons of refined or synthetic glycerol were imported in Northern America; picking up by 73% against 2021. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol imports skyrocketed to $X in 2022. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importing country with an import of around X tons, which reached 78% of total imports. It was distantly followed by Canada (X tons), making up a 22% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to refined or synthetic glycerol imports into the United States stood at +6.7%. At the same time, Canada (+16.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +16.9% from 2012-2022. While the share of Canada (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-11.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported refined or synthetic glycerol in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

In the United States, refined or synthetic glycerol imports expanded at an average annual rate of +12.7% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 35% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 import price increased by +86.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 38% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%).

Source: IndexBox Platform

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