United Kingdom: Crude Glycerol Market 2024

Crude Glycerol Market Size in the UK

After two years of growth, the UK crude glycerol market decreased by -7.5% to $X in 2021. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.1% against 2017 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Crude Glycerol Production in the UK

In value terms, crude glycerol production shrank to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +24.1% against 2016 indices. The growth pace was the most rapid in 2013 when the production volume increased by 105% against the previous year. Crude glycerol production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Crude Glycerol Exports

Exports from the UK

Crude glycerol exports from the UK skyrocketed to X tons in 2021, growing by 34% compared with 2020 figures. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 113%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, crude glycerol exports surged to $X in 2021. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 141% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Denmark (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of crude glycerol exports from the UK, with a combined 85% share of total exports. Belgium, Ukraine and China lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +500.4%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for crude glycerol exported from the UK worldwide, together accounting for 85% of total exports. China, Ukraine and Belgium lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Ukraine, with a CAGR of +520.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude glycerol export price stood at $X per ton in 2021, growing by 35% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Glycerol Imports

Imports into the UK

In 2021, purchases abroad of crude glycerol, glycerine waters and lyes was finally on the rise to reach X tons after two years of decline. In general, imports posted buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 45%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, crude glycerol imports skyrocketed to $X in 2021. Overall, imports posted a buoyant increase. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of crude glycerol imports to the UK, with a combined 93% 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 the Netherlands (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the largest crude glycerol suppliers to the UK, together accounting for 87% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +15.7%, 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, jumping by 26% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 39% 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.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :