Glycerol Price in the United States - 2023
Contents:
- Glycerol Price in the United States (CIF) - 2022
- Glycerol Price in the United States (FOB) - 2022
- Glycerol Imports in the United States
- Glycerol Exports in the United States
Glycerol Price in the United States (CIF) - 2022
The average glycerol import price stood at $1,409 per ton in 2022, surging by 41% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glycerol import price increased by +103.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($1,754 per ton), while the price for Canada ($909 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in the United States (FOB) - 2022
In 2022, the average glycerol export price amounted to $1,228 per ton, jumping by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,626 per ton), while the average price for exports to Denmark ($411 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 Canada (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in the United States
In 2022, approx. 281K tons of glycerol were imported into the United States; picking up by 71% against the previous year. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports soared to $396M in 2022. In general, imports recorded 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 United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 39.1 | 33.9 | 58.0 | 204 | 73.4% |
| Malaysia | 51.5 | 45.8 | 48.6 | 81.2 | 16.4% |
| Canada | 4.8 | 7.6 | 13.3 | 31.9 | 88.0% |
| Argentina | 10.5 | 5.7 | 12.9 | 28.3 | 39.2% |
| Germany | 6.6 | 6.3 | 6.2 | 7.7 | 5.3% |
| Others | 15.2 | 19.1 | 25.4 | 43.2 | 41.6% |
| Total | 128 | 118 | 164 | 396 | 45.7% |
Top Suppliers of Glycerol to the United States in 2022:
- Indonesia (116.0K tons)
- Malaysia (82.2K tons)
- Canada (35.1K tons)
- Argentina (21.3K tons)
- Germany (5.4K tons)
Glycerol Exports in the United States
In 2022, approx. 126K tons of glycerol were exported from the United States; increasing by 33% compared with 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 50%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, glycerol exports surged to $155M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glycerol in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 26.9 | 30.6 | 42.7 | 81.2 | 44.5% |
| Mexico | 8.0 | 7.2 | 13.8 | 27.9 | 51.6% |
| India | 2.2 | 3.3 | 7.8 | 16.2 | 94.5% |
| Malaysia | 1.7 | 3.3 | 4.2 | 9.6 | 78.1% |
| South Korea | 0.4 | 0.3 | 1.2 | 3.0 | 95.7% |
| Saudi Arabia | 2.6 | 2.9 | 1.8 | 2.6 | 0.0% |
| China | 5.7 | 1.7 | 1.2 | 2.2 | -27.2% |
| Denmark | 0.4 | 0.1 | N/A | 2.0 | 71.0% |
| Others | 4.6 | 7.0 | 11.8 | 9.9 | 29.1% |
| Total | 52.4 | 56.3 | 84.5 | 155 | 43.5% |
Top Export Markets for Glycerol from the United States in 2022:
- Canada (50.0K tons)
- Mexico (24.0K tons)
- India (20.6K tons)
- Malaysia (10.3K tons)
- Denmark (4.9K tons)
- Saudi Arabia (4.3K tons)
- South Korea (3.7K tons)
- China (2.1K tons)
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