Glycerol Price in Brazil - 2023
Contents:
- Glycerol Price in Brazil (FOB) - 2022
- Glycerol Price in Brazil (CIF) - 2022
- Glycerol Exports in Brazil
- Glycerol Imports in Brazil
Glycerol Price in Brazil (FOB) - 2022
The average glycerol export price stood at $751 per ton in 2022, increasing by 49% against the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 83%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($1,316 per ton), while the average price for exports to China ($628 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 Latvia (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Price in Brazil (CIF) - 2022
In 2022, the average glycerol import price amounted to $1,621 per ton, with a decrease of -9.3% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 44%. The import price peaked at $1,786 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,133 per ton), while the price for Argentina ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Exports in Brazil
After three years of growth, overseas shipments of glycerol decreased by -13% to 495K tons in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year.
In value terms, glycerol exports skyrocketed to $372M in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 127%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
Export of Glycerol in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 57.1 | 67.1 | 160 | 219 | 56.5% |
South Africa | 0.8 | 3.4 | 7.1 | 13.1 | 153.9% |
Egypt | 3.7 | 3.4 | 7.3 | 11.1 | 44.2% |
Thailand | N/A | 0.3 | 7.4 | 9.1 | 450.8% |
Latvia | 0.3 | 0.1 | N/A | 8.7 | 207.2% |
India | 1.9 | 2.7 | 12.5 | 5.6 | 43.4% |
Russia | 15.0 | 10.0 | 26.7 | 3.7 | -37.3% |
Others | 26.1 | 39.1 | 65.0 | 101 | 57.0% |
Total | 105 | 126 | 286 | 372 | 52.4% |
Top Export Markets for Glycerol from Brazil in 2022:
- China (349.6K tons)
- Thailand (12.1K tons)
- Latvia (11.2K tons)
- South Africa (10.0K tons)
- Egypt (9.0K tons)
- India (7.7K tons)
- Russia (3.6K tons)
Glycerol Imports in Brazil
In 2022, imports of glycerol into Brazil skyrocketed to 6.2K tons, jumping by 87% compared with 2021. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports soared to $10M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Glycerol in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,170 | 1,917 | 2,051 | 3,076 | 12.3% |
Argentina | 1,466 | 842 | 888 | 2,288 | 16.0% |
Malaysia | 847 | 672 | 880 | 1,417 | 18.7% |
Peru | N/A | N/A | N/A | 976 | 0% |
Mexico | 294 | 323 | 183 | 484 | 18.1% |
United States | 359 | 637 | 1,070 | 387 | 2.5% |
Indonesia | 119 | 119 | 192 | 356 | 44.1% |
Netherlands | 95.9 | 124 | 92.5 | 309 | 47.7% |
France | 301 | 170 | 186 | 283 | -2.0% |
Others | 90.6 | 94.2 | 340 | 402 | 64.3% |
Total | 5,742 | 4,899 | 5,883 | 9,979 | 20.2% |
Top Suppliers of Glycerol to Brazil in 2022:
- Argentina (2703.2 tons)
- Malaysia (1436.7 tons)
- Peru (542.8 tons)
- Germany (431.3 tons)
- Mexico (258.0 tons)
- Netherlands (179.1 tons)
- Indonesia (142.7 tons)
- France (98.7 tons)
- United States (88.7 tons)
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The exports of Crude Glycerol peaked in January 2024. In terms of value, exports saw a modest increase to $11M in the same month.
In August 2022, the crude glycerol price amounted to $700 per ton (FOB, Brazil), dropping by -16.7% against the previous month.
Potassium Hydroxide saw a significant 66% month-on-month growth in July 2023, bringing its import value to $1.2M in February 2024.
In February 2023, the potassium hydroxide price stood at $2,002 per ton (CIF, Brazil), increasing by 1.7% against the previous month.
In June 2023, the price of Flat Pallet was $7.6 per unit (FOB, Brazil), representing a decrease of -3.3% compared to the previous month.
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