Brazil - Crude Glycerol, Glycerine Waters And Lyes - Market Analysis, Forecast, Size, Trends And Insights
Crude Glycerol Price in Brazil Drops Notably to $700 per Ton
Brazil Crude Glycerol Export Price in August 2022
In August 2022, the crude glycerol price amounted to $700 per ton (FOB, Brazil), dropping by -16.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices hit record highs at $840 per ton in July 2022, and then contracted rapidly in the following month.
Average prices varied noticeably for the major foreign markets. In August 2022, the highest price was recorded for prices to Malaysia ($813 per ton) and Thailand ($752 per ton), while the average price for exports to Latvia ($659 per ton) and China ($693 per ton) were amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Brazil Crude Glycerol Exports
In August 2022, overseas shipments of crude glycerol, glycerine waters and lyes increased by 17% to 34K tons, rising for the third month in a row after two months of decline. The total export volume increased at an average monthly rate of +1.1% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude glycerol exports reduced modestly to $24M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +1.2% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in March 2022 with an increase of 17% m-o-m. Over the period under review, the exports reached the maximum at 24K tons in July 2022, and then shrank in the following month.
Brazil Crude Glycerol Exports by Country
China (29K tons) was the main destination for crude glycerol exports from Brazil, with a 85% share of total exports. Moreover, crude glycerol exports to China exceeded the volume sent to the second major destination, Latvia (2.3K tons), more than tenfold. The third position in this ranking was held by Thailand (1.3K tons), with a 3.8% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to China amounted to +1.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Latvia (+9.5% per month) and Thailand (+17.7% per month).
In value terms, China ($20M) remains the key foreign market for crude glycerol exports from Brazil, comprising 84% of total exports. The second position in the ranking was taken by Latvia ($1.5M), with a 6.4% share of total exports. It was followed by Thailand, with a 4.1% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value to China totaled +1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Latvia (-3.4% per month) and Thailand (+19.9% per month).
This report provides an in-depth analysis of the crude glycerol market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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