Peru: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in Peru

The Peruvian refined or synthetic glycerol market rose modestly to $X in 2022, growing by 4.4% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Refined or Synthetic Glycerol in Peru

In value terms, refined or synthetic glycerol production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Refined or Synthetic Glycerol

Exports from Peru

In 2022, after four years of growth, there was decline in overseas shipments of refined or synthetic glycerol, when their volume decreased by -3.6% to X tons. In general, exports, however, enjoyed measured growth. The growth pace was the most rapid in 2013 with an increase of 143%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, refined or synthetic glycerol exports reduced to $X in 2022. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2013 when exports increased by 101% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Mexico (X tons) and Ecuador (X tons) were the main destinations of refined or synthetic glycerol exports from Peru, together accounting for 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +380.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined or synthetic glycerol exported from Peru were China ($X), Mexico ($X) and Ecuador ($X), together comprising 82% of total exports.

China, with a CAGR of +413.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, stabilizing at the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refined or Synthetic Glycerol

Imports into Peru

In 2022, purchases abroad of refined or synthetic glycerol was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 124% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, refined or synthetic glycerol imports reached $X in 2022. In general, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of 128% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of refined or synthetic glycerol to Peru, with a 88% share of total imports. Moreover, refined or synthetic glycerol imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +84.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-22.8% per year) and Malaysia (-14.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of refined or synthetic glycerol to Peru, comprising 75% of total imports. The second position in the ranking was taken by Colombia ($X), with a 9.2% share of total imports. It was followed by Malaysia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +94.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-19.3% per year) and Malaysia (-10.5% per year).

Import Prices by Country

The average refined or synthetic glycerol import price stood at $X per ton in 2022, reducing by -20.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 49%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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