Sweden: Market for Refined or Synthetic Glycerol 2025

Market Size for Refined or Synthetic Glycerol in Sweden

The Swedish refined or synthetic glycerol market surged to $X in 2022, jumping by 26% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +101.2% against 2019 indices. Refined or synthetic glycerol consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Refined or Synthetic Glycerol in Sweden

In value terms, refined or synthetic glycerol production rose markedly to $X in 2022 estimated in export price. Overall, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Refined or Synthetic Glycerol

Exports from Sweden

In 2022, shipments abroad of refined or synthetic glycerol decreased by -13.1% to X tons, falling for the second year in a row after three years of growth. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2018 when exports increased by 24% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined or synthetic glycerol exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for refined or synthetic glycerol exports from Sweden, with a 36% share of total exports. Moreover, refined or synthetic glycerol exports to Denmark exceeded the volume sent to the second major destination, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark totaled +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-3.8% per year) and Germany (+61.7% per year).

In value terms, Norway ($X), Denmark ($X) and Germany ($X) were the largest markets for refined or synthetic glycerol exported from Sweden worldwide, with a combined 56% share of total exports.

Germany, with a CAGR of +65.6%, recorded the highest rates of growth with regard to the value of exports, among 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

The average refined or synthetic glycerol export price stood at $X per ton in 2022, with an increase of 40% against the previous year. Overall, the export price enjoyed noticeable growth. The growth pace was the most rapid in 2021 an increase of 60% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($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 Norway (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports into Sweden

In 2022, purchases abroad of refined or synthetic glycerol increased by 0.9% to X tons, rising for the sixth year in a row after three years of decline. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, refined or synthetic glycerol imports soared to $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 58%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Denmark (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of refined or synthetic glycerol imports to Sweden, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +237.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of refined or synthetic glycerol to Sweden, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Poland, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and Poland (+243.4% per year).

Import Prices by Country

The average refined or synthetic glycerol import price stood at $X per ton in 2022, jumping by 22% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +98.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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