Pakistan: Crude Glycerol Market 2025

Crude Glycerol Market Size in Pakistan

The Pakistani crude glycerol market declined to $X in 2021, waning by -6% against the previous year. Over the period under review, consumption saw prominent growth. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Crude Glycerol Production in Pakistan

In value terms, crude glycerol production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Crude Glycerol Exports

Exports from Pakistan

In 2021, exports of crude glycerol, glycerine waters and lyes from Pakistan surged to X tons, jumping by 104% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 277% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, crude glycerol exports skyrocketed to $X in 2021. Over the period under review, exports showed resilient growth. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Ethiopia (X kg) was the main destination for crude glycerol exports from Pakistan, accounting for a 68% share of total exports. Moreover, crude glycerol exports to Ethiopia exceeded the volume sent to the second major destination, the UK (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia stood at +11.7%.

In value terms, Ethiopia ($X) and the UK ($X) appeared to be the largest markets for crude glycerol exported from Pakistan worldwide.

The UK, with a CAGR of +21.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2021, surging by 92% against the previous year. Overall, the export price saw a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 148%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ethiopia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+61.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Glycerol Imports

Imports into Pakistan

Crude glycerol imports into Pakistan skyrocketed to X tons in 2021, with an increase of 267% against the year before. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude glycerol imports surged to $X in 2021. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of crude glycerol to Pakistan, accounting for a 37% share of total imports. Moreover, crude glycerol imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +520.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.7% per year) and the United States (+65.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to Pakistan, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with a 10% share of total imports. It was followed by Malaysia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +459.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+27.7% per year) and Malaysia (+20.2% per year).

Import Prices by Country

In 2021, the average crude glycerol import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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