Glycerol Price in Egypt - 2023
Contents:
- Glycerol Price in Egypt (CIF) - 2022
- Glycerol Price in Egypt (FOB) - 2022
- Glycerol Imports in Egypt
- Glycerol Exports in Egypt
Glycerol Price in Egypt (CIF) - 2022
In 2022, the average glycerol import price amounted to $950 per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 an increase of 31% against the previous year. The import price peaked at $971 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,997 per ton), while the price for Malaysia ($849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in Egypt (FOB) - 2022
The average glycerol export price stood at $765 per ton in 2022, jumping by 90% against the previous year. Overall, the export price, however, recorded a perceptible setback. The export price peaked at $1,189 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($775 per ton), while the average price for exports to Tunisia totaled $733 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+602.0%), while the prices for the other major destinations experienced a decline.
Glycerol Imports in Egypt
In 2022, imports of glycerol into Egypt soared to 32K tons, growing by 96% on the previous year. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports soared to $31M in 2022. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 5.1 | 3.3 | 6.5 | 11.8 | 32.3% |
| Malaysia | 5.4 | 2.6 | 3.7 | 10.9 | 26.4% |
| Indonesia | 5.6 | 3.6 | 0.8 | 2.4 | -24.6% |
| China | 0.1 | N/A | 0.5 | 1.9 | 166.8% |
| Germany | 0.4 | 0.2 | N/A | 1.6 | 58.7% |
| Turkey | N/A | N/A | 1.3 | 0.5 | -61.5% |
| Netherlands | N/A | N/A | 0.6 | 0.5 | -16.7% |
| Saudi Arabia | 1.7 | 1.0 | N/A | N/A | -41.2% |
| Others | 1.7 | 0.7 | 1.9 | 1.0 | -16.2% |
| Total | 20.0 | 11.5 | 15.4 | 30.6 | 15.2% |
Top Suppliers of Glycerol to Egypt in 2022:
- Malaysia (12.9K tons)
- Brazil (12.1K tons)
- Indonesia (2.7K tons)
- Germany (1.8K tons)
- China (0.9K tons)
- Turkey (0.6K tons)
- Netherlands (0.5K tons)
Glycerol Exports in Egypt
In 2022, after three years of growth, there was significant decline in overseas shipments of glycerol, when their volume decreased by -54.2% to 272 tons. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 260% against the previous year.
In value terms, glycerol exports reduced to $208K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $239K, and then shrank in the following year.
| Export of Glycerol in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 5.1 | 22.0 | 151 | 118 | 185.0% |
| Tunisia | 140 | 78.7 | 51.2 | 86.4 | -14.9% |
| Lebanon | N/A | 35.2 | 5.0 | N/A | -85.8% |
| Others | 0.2 | 39.7 | 32.0 | 3.9 | 169.2% |
| Total | 145 | 176 | 239 | 208 | 12.8% |
Top Export Markets for Glycerol from Egypt in 2022:
- Libya (152.3 tons)
- Tunisia (117.8 tons)
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