Glycerol Price in Argentina - 2023
Contents:
- Glycerol Price in Argentina (FOB) - 2022
- Glycerol Price in Argentina (CIF) - 2022
- Glycerol Exports in Argentina
- Glycerol Imports in Argentina
Glycerol Price in Argentina (FOB) - 2022
The average glycerol export price stood at $894 per ton in 2022, increasing by 63% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,240 per ton), while the average price for exports to China ($551 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Price in Argentina (CIF) - 2022
In 2022, the average glycerol import price amounted to $1,159 per ton, shrinking by -10.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 145%. The import price peaked at $1,518 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,967 per ton), while the price for Brazil ($935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Exports in Argentina
In 2022, the amount of glycerol exported from Argentina surged to 141K tons, picking up by 45% compared with 2021 figures. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, glycerol exports soared to $126M in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glycerol in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 17.8 | 11.5 | 21.9 | 46.5 | 37.7% |
| United States | N/A | 5.5 | 8.5 | 26.9 | 121.2% |
| China | 19.6 | 9.6 | 20.6 | 21.8 | 3.6% |
| Netherlands | 2.1 | N/A | N/A | 16.4 | 98.4% |
| Malaysia | N/A | N/A | N/A | 3.4 | 0% |
| South Africa | 2.0 | 1.4 | 0.5 | 3.1 | 15.7% |
| Brazil | 1.2 | 0.8 | 0.3 | 2.2 | 22.4% |
| Others | 0.8 | 2.5 | 1.8 | 5.6 | 91.3% |
| Total | 43.4 | 31.2 | 53.6 | 126 | 42.7% |
Top Export Markets for Glycerol from Argentina in 2022:
- Mexico (40.9K tons)
- China (39.6K tons)
- Netherlands (23.2K tons)
- United States (21.7K tons)
- Malaysia (5.0K tons)
- Brazil (3.0K tons)
- South Africa (2.8K tons)
Glycerol Imports in Argentina
For the fourth year in a row, Argentina recorded growth in overseas purchases of glycerol, which increased by 72% to 1.6K tons in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports soared to $1.9M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 97%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Glycerol in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 218 | 347 | 752 | 1,374 | 84.7% |
| Malaysia | 16.4 | 19.4 | 93.6 | 148 | 108.2% |
| United Kingdom | 41.2 | 48.4 | 60.8 | 82.9 | 26.2% |
| Netherlands | 33.7 | 7.8 | 180 | 38.3 | 4.4% |
| Others | 133 | 198 | 136 | 230 | 20.0% |
| Total | 442 | 620 | 1,223 | 1,873 | 61.8% |
Top Suppliers of Glycerol to Argentina in 2022:
- Brazil (1469.9 tons)
- Malaysia (55.7 tons)
- United Kingdom (27.0 tons)
- Netherlands (4.2 tons)
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