Australia and Oceania: Crude Glycerol Market 2024

Crude Glycerol Market Size in Australia and Oceania

In 2023, after three years of decline, there was growth in the crude glycerol market in Australia and Oceania, when its value increased by X% to $X. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Crude Glycerol Production in Australia and Oceania

In value terms, crude glycerol production reached $X in 2023 estimated in export price. In general, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Crude Glycerol Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of crude glycerol, glycerine waters and lyes decreased by X% to X tons in 2023. Overall, exports faced a deep slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, crude glycerol exports declined rapidly to $X in 2023. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of crude glycerol, glycerine waters and lyes, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the crude glycerol, glycerine waters and lyes exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest crude glycerol supplier in Australia and Oceania.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Crude Glycerol Imports

Imports in Australia and Oceania

In 2023, the amount of crude glycerol, glycerine waters and lyes imported in Australia and Oceania reduced sharply to X tons, shrinking by X% compared with the previous year's figure. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, crude glycerol imports dropped sharply to $X in 2023. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Australia was the main importer of crude glycerol, glycerine waters and lyes in Australia and Oceania, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. New Zealand (X tons) held the second position in the ranking, followed by Fiji (X tons). All these countries together took approx. X% share of total imports. The following importers - New Caledonia (X kg), Solomon Islands (X kg) and Papua New Guinea (X kg) - together made up X% of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, New Caledonia (X%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Solomon Islands (X%), Papua New Guinea (X%), Fiji (X%) and New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and New Caledonia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. New Caledonia, Solomon Islands and Papua New Guinea lagged somewhat behind, together accounting for a further X%.

New Caledonia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform