Market Size for Glycerol in Germany - 2022
Glycerol Consumption in Germany - 2022
After five years of growth, consumption of glycerol decreased by -2.7% to 577K tons in 2022. The total consumption volume increased at an average annual rate of +6.5% over the period from 2017 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Glycerol consumption peaked at 593K tons in 2021, and then shrank in the following year.
The value of the glycerol market in Germany expanded remarkably to $404M in 2022, increasing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated strong growth from 2017 to 2022: its value increased at an average annual rate of +14.1% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.2% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.
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In June 2023, the growth rate of Crude Glycerol imports reached its highest point, with an impressive increase of 84% compared to the previous month. However, the value of crude glycerol imports declined to $3.5M in September 2023.
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Potassium Hydroxide price dropped -6.3% in January 2023 to $1,728 per ton (CIF, Germany)
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