MERCOSUR: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in MERCOSUR

In 2023, after four years of decline, there was significant growth in the MERCOSUR refined or synthetic glycerol market, when its value increased by X% to $X. The total consumption indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Refined or Synthetic Glycerol in MERCOSUR

In value terms, refined or synthetic glycerol production stood at $X in 2023 estimated in export price. The total production indicated temperate growth from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports in MERCOSUR

In 2023, overseas shipments of refined or synthetic glycerol decreased by X% to X tons for the first time since 2011, thus ending a eleven-year rising trend. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then contracted dramatically in the following year.

In value terms, refined or synthetic glycerol exports contracted sharply to $X in 2023. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then fell significantly in the following year.

Exports by Country

In 2023, Brazil (X tons) represented the main exporter of refined or synthetic glycerol, committing X% of total exports. It was distantly followed by Argentina (X tons), creating a X% share of total exports.

Brazil was also the fastest-growing in terms of the refined or synthetic glycerol exports, with a CAGR of X% from 2012 to 2023. Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil increased by X percentage points.

In value terms, Brazil ($X) remains the largest refined or synthetic glycerol supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Imports of Refined or Synthetic Glycerol

Imports in MERCOSUR

In 2023, approx. X tons of refined or synthetic glycerol were imported in MERCOSUR; with a decrease of X% against 2022 figures. Over the period under review, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, refined or synthetic glycerol imports fell to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Chile (X tons), Brazil (X tons) and Colombia (X tons) represented the main importer of refined or synthetic glycerol in MERCOSUR, achieving X% of total import. Ecuador (X tons) took the next position in the ranking, followed by Peru (X tons), Venezuela (X tons) and Uruguay (X tons). All these countries together took near X% share of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported refined or synthetic glycerol in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, refined or synthetic glycerol imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. Import price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined or synthetic glycerol import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

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 Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform