Africa: Crude Glycerol Market 2024

Crude Glycerol Market Size in Africa

The African crude glycerol market declined slightly to $X in 2023, reducing by X% against the previous year. Overall, consumption, however, continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Crude Glycerol Production in Africa

In value terms, crude glycerol production reduced slightly to $X in 2023 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Crude Glycerol Exports

Exports in Africa

In 2023, overseas shipments of crude glycerol, glycerine waters and lyes decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, crude glycerol exports dropped remarkably to $X in 2023. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Tunisia (X tons) prevails in exports structure, together comprising X% of total exports. It was distantly followed by Egypt (X tons), comprising a X% share of total exports. Kenya (X tons), Uganda (X tons), Malawi (X tons) and Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Tunisia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest crude glycerol supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

In South Africa, crude glycerol exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, crude glycerol export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Crude Glycerol Imports

Imports in Africa

In 2023, the amount of crude glycerol, glycerine waters and lyes imported in Africa declined remarkably to X tons, with a decrease of X% on 2022 figures. Over the period under review, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, crude glycerol imports reduced dramatically to $X in 2023. In general, imports saw a pronounced descent. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

South Africa represented the largest importer of crude glycerol, glycerine waters and lyes in Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Egypt (X tons), creating a X% share of total imports. The following importers - Morocco (X tons) and Libya (X tons) - each finished at a X% share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), Libya (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Egypt, Morocco and Libya increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported crude glycerol, glycerine waters and lyes in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with an X% share of total imports. It was followed by Morocco, with a X% share.

In South Africa, crude glycerol imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform