Overview of the Global Market for Refined or Synthetic Glycerol

Market Size for Refined or Synthetic Glycerol

In 2022, the global refined or synthetic glycerol market increased by 21% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +37.1% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Refined or Synthetic Glycerol

In value terms, refined or synthetic glycerol production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.9% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14% against the previous year. Global production peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Refined or Synthetic Glycerol

Exports

In 2022, shipments abroad of refined or synthetic glycerol increased by 57% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol exports surged to $X in 2022. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia was the major exporter of refined or synthetic glycerol in the world, with the volume of exports reaching X tons, which was near 53% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with a 10% share, followed by Germany (9.5%) and the Netherlands (9.5%). Brazil (X tons) and Argentina (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of +22.0% from 2012 to 2022. At the same time, Brazil (+51.4%), the Netherlands (+11.2%), Germany (+4.8%), Argentina (+3.7%) and Malaysia (+2.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in the world, with a CAGR of +51.4% from 2012-2022. From 2012 to 2022, the share of Indonesia and Brazil increased by +33 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest refined or synthetic glycerol supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by Germany ($X), with a 13% share of global exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +26.0%. In the other countries, the average annual rates were as follows: Germany (+10.0% per year) and the Netherlands (+18.6% per year).

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 export price increased by +63.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 37%. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.7%), while the other global leaders experienced more modest paces of growth.

Imports of Refined or Synthetic Glycerol

Imports

For the seventh year in a row, the global market recorded growth in supplies from abroad of refined or synthetic glycerol, which increased by 26% to X tons in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.3% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol imports skyrocketed to $X in 2022. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by the Netherlands (X tons), the United States (X tons) and the UK (X tons) represented the major importers of refined or synthetic glycerol, together comprising 45% of total imports. Japan (X tons), Denmark (X tons), France (X tons), Mexico (X tons), Canada (X tons), Germany (X tons), Spain (X tons), India (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada (with a CAGR of +16.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest refined or synthetic glycerol importing markets worldwide were China ($X), the United States ($X) and the Netherlands ($X), with a combined 36% share of global imports.

China, with a CAGR of +20.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average refined or synthetic glycerol import price stood at $X per ton in 2022, rising by 29% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +78.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the Netherlands ($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 (+8.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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