United Arab Emirates: Crude Glycerol Market 2024

Crude Glycerol Market Size in the United Arab Emirates

The crude glycerol market in the United Arab Emirates shrank to $X in 2021, reducing by -13.2% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 increased by +40.7% against 2019 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Crude Glycerol Production in the United Arab Emirates

In value terms, crude glycerol production fell rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 78%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Crude Glycerol Exports

Exports from the United Arab Emirates

In 2021, the amount of crude glycerol, glycerine waters and lyes exported from the United Arab Emirates totaled X tons, approximately mirroring 2020. Overall, exports, however, showed a sharp decrease. The pace of growth was the most pronounced in 2018 when exports increased by 489% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, crude glycerol exports rose slightly to $X in 2021. Over the period under review, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 922%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for crude glycerol exports from the United Arab Emirates, accounting for a approx. 66% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to -10.5%.

In value terms, Oman ($X) emerged as the key foreign market for crude glycerol, glycerine waters and lyes exports from the United Arab Emirates.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman stood at -9.1%.

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 164% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to +19.5% per year.

Crude Glycerol Imports

Imports into the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in purchases abroad of crude glycerol, glycerine waters and lyes, which increased by 28% to X tons in 2021. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 202% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, crude glycerol imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 760% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Spain (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of crude glycerol imports to the United Arab Emirates, with a combined 48% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +50.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude glycerol suppliers to the United Arab Emirates were Spain ($X), Indonesia ($X) and Malaysia ($X), with a combined 49% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +60.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude glycerol import price stood at $X per ton in 2021, picking up by 128% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 185% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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