Glycerol Price in the UK - 2023
Contents:
- Glycerol Price in the UK (CIF) - 2022
- Glycerol Price in the UK (FOB) - 2022
- Glycerol Imports in the UK
- Glycerol Exports in the UK
Glycerol Price in the UK (CIF) - 2022
The average glycerol import price stood at $894 per ton in 2022, rising by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $914 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,193 per ton), while the price for Indonesia ($742 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in the UK (FOB) - 2022
In 2022, the average glycerol export price amounted to $619 per ton, picking up by 45% against the previous year. Over the period under review, the export price saw a buoyant increase. The growth pace was the most rapid in 2018 an increase of 46% against the previous year. Over the period under review, the average export prices reached the maximum at $704 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,230 per ton), while the average price for exports to Ukraine ($227 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 Belgium (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in the UK
For the fourth consecutive year, the UK recorded growth in purchases abroad of glycerol, which increased by 94% to 172K tons in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports skyrocketed to $154M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 31.4 | 30.6 | 42.9 | 83.2 | 38.4% |
| Netherlands | 14.2 | 13.5 | 21.9 | 31.9 | 31.0% |
| Indonesia | 0.2 | 0.7 | 0.3 | 19.7 | 361.8% |
| Malaysia | 0.4 | 1.7 | 1.1 | 5.0 | 132.1% |
| Belgium | 5.4 | 3.8 | 4.3 | 4.1 | -8.8% |
| France | 3.5 | 4.7 | 1.9 | 1.4 | -26.3% |
| Others | 3.7 | 4.8 | 5.0 | 8.3 | 30.9% |
| Total | 58.8 | 59.9 | 77.4 | 154 | 37.8% |
Top Suppliers of Glycerol to the UK in 2022:
- Germany (92.5K tons)
- Netherlands (42.7K tons)
- Indonesia (26.5K tons)
- Malaysia (3.5K tons)
- Belgium (1.9K tons)
- France (0.7K tons)
Glycerol Exports in the UK
In 2022, overseas shipments of glycerol decreased by -3% to 40K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 12%.
In value terms, glycerol exports soared to $25M in 2022. Overall, exports, however, showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glycerol in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.4 | 0.4 | 3.2 | 8.6 | 83.1% |
| Netherlands | 3.4 | 3.7 | 3.2 | 5.7 | 18.8% |
| Ireland | 0.9 | 1.1 | 2.9 | 3.0 | 49.4% |
| Denmark | 1.8 | 4.0 | 4.1 | 2.4 | 10.1% |
| China | 0.8 | 1.0 | 0.7 | 0.8 | 0.0% |
| Spain | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
| Belgium | 1.2 | 0.9 | 0.3 | 0.3 | -37.0% |
| Ukraine | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Others | 14.4 | 9.9 | 2.7 | 3.4 | -38.2% |
| Total | 24.2 | 21.3 | 17.6 | 24.8 | 0.8% |
Top Export Markets for Glycerol from the UK in 2022:
- Germany (14.8K tons)
- Netherlands (13.7K tons)
- Denmark (5.5K tons)
- Ireland (1.3K tons)
- China (1.3K tons)
- Ukraine (1.0K tons)
- Spain (0.6K tons)
- Belgium (0.1K tons)
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