Saudi Arabia: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in Saudi Arabia

After two years of growth, the Saudi refined or synthetic glycerol market decreased by -21.3% to $X in 2022. In general, consumption, however, posted a noticeable expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Refined or Synthetic Glycerol

Exports from Saudi Arabia

In 2022, overseas shipments of refined or synthetic glycerol were finally on the rise to reach X tons after two years of decline. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 306% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, refined or synthetic glycerol exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 407% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for refined or synthetic glycerol exports from Saudi Arabia, with a 67% share of total exports. Moreover, refined or synthetic glycerol exports to Egypt exceeded the volume sent to the second major destination, Jordan (X tons), sixfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+32.3% per year) and the United Arab Emirates (+122.5% per year).

In value terms, Egypt ($X) remains the key foreign market for refined or synthetic glycerol exports from Saudi Arabia, comprising 68% of total exports. The second position in the ranking was taken by Jordan ($X), with a 10% share of total exports. It was followed by Pakistan, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Egypt amounted to +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+33.2% per year) and Pakistan (+4.0% per year).

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, waning by -20.7% against the previous year. In general, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Pakistan ($X per ton) and Egypt ($X per ton), while the average price for exports to Lebanon ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports into Saudi Arabia

In 2022, the amount of refined or synthetic glycerol imported into Saudi Arabia fell to X tons, shrinking by -3.8% compared with the year before. Overall, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 71%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, refined or synthetic glycerol imports dropped notably to $X in 2022. In general, imports, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2018 with an increase of 126%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of refined or synthetic glycerol to Saudi Arabia, with a 69% share of total imports. Moreover, refined or synthetic glycerol imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +29.7%.

In value terms, Indonesia ($X) constituted the largest supplier of refined or synthetic glycerol to Saudi Arabia, comprising 67% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at +27.3%.

Import Prices by Country

In 2022, the average refined or synthetic glycerol import price amounted to $X per ton, dropping by -16.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.0%).

Source: IndexBox Platform

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