Northern America: Crude Glycerol Market 2024

Crude Glycerol Market Size in Northern America

In 2021, the North American crude glycerol market decreased by -7.4% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.1% against 2017 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Crude Glycerol Production in Northern America

In value terms, crude glycerol production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 76%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Crude Glycerol Exports

Exports in Northern America

In 2021, approx. X tons of crude glycerol, glycerine waters and lyes were exported in Northern America; surging by 48% on 2020. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 214%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, crude glycerol exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 125% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States represented the key exporter of crude glycerol, glycerine waters and lyes in Northern America, with the volume of exports finishing at X tons, which was approx. 63% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +35.5%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Canada, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 20% against the previous year. In general, the export price, however, showed a pronounced descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.4%).

Crude Glycerol Imports

Imports in Northern America

In 2021, overseas purchases of crude glycerol, glycerine waters and lyes increased by 20% to X tons, rising for the third consecutive year after five years of decline. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 429% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crude glycerol imports soared to $X in 2021. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 266%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the largest importer of crude glycerol, glycerine waters and lyes, generating 75% of total imports. It was distantly followed by Canada (X tons), achieving a 25% share of total imports.

Imports into the United States increased at an average annual rate of +10.4% from 2012 to 2021. At the same time, Canada (+14.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +14.7% from 2012-2021. From 2012 to 2021, the share of Canada increased by +5.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in Northern America, comprising 74% of total imports. The second position in the ranking was held by Canada ($X), with a 26% share of total imports.

In the United States, crude glycerol imports expanded at an average annual rate of +13.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 31% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%).

Source: IndexBox Platform

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