Glycerol Price in Mexico - 2023
Contents:
- Glycerol Price in Mexico (CIF) - 2022
- Glycerol Price in Mexico (FOB) - 2022
- Glycerol Imports in Mexico
- Glycerol Exports in Mexico
Glycerol Price in Mexico (CIF) - 2022
In 2022, the average glycerol import price amounted to $1,230 per ton, growing by 54% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glycerol import price increased by +99.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,057 per ton), while the price for Germany ($718 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in Mexico (FOB) - 2022
The average glycerol export price stood at $2,469 per ton in 2022, growing by 262% against the previous year. In general, the export price showed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($2,922 per ton), while the average price for exports to Costa Rica totaled $2,360 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-1.5%), while the prices for the other major destinations experienced a decline.
Glycerol Imports in Mexico
In 2022, overseas purchases of glycerol were finally on the rise to reach 97K tons after two years of decline. In general, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports surged to $120M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 19.4 | 15.6 | 17.6 | 63.0 | 48.1% |
| United States | 8.7 | 7.8 | 10.1 | 28.2 | 48.0% |
| Germany | 17.3 | 15.2 | 10.1 | 14.7 | -5.3% |
| Netherlands | 0.4 | 1.5 | N/A | 8.3 | 174.8% |
| Brazil | 7.0 | 2.7 | 3.5 | 2.0 | -34.1% |
| Colombia | 0.4 | 0.5 | 0.1 | 2.0 | 71.0% |
| Others | 1.6 | 1.3 | 4.3 | 1.8 | 4.0% |
| Total | 54.7 | 44.4 | 45.7 | 120 | 29.9% |
Top Suppliers of Glycerol to Mexico in 2022:
- United States (36.1K tons)
- Argentina (31.7K tons)
- Germany (20.4K tons)
- Netherlands (4.1K tons)
- Brazil (2.5K tons)
- Colombia (1.8K tons)
Glycerol Exports in Mexico
In 2022, approx. 8.2 tons of glycerol were exported from Mexico; falling by -99.4% against 2021. In general, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1,657%. As a result, the exports attained the peak of 1.4K tons, and then declined dramatically in the following year.
In value terms, glycerol exports declined markedly to $20K in 2022. Overall, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 1,171%. As a result, the exports reached the peak of $950K, and then contracted rapidly in the following year.
| Export of Glycerol in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 2.6 | 3.5 | N/A | 15.6 | 81.7% |
| Colombia | 2.5 | 50.2 | N/A | 4.6 | 22.5% |
| Guatemala | 366 | 14.9 | 137 | N/A | -38.8% |
| United States | 4.1 | 6.2 | 782 | N/A | 1281.1% |
| Others | 4.6 | N/A | 31.1 | N/A | 160.0% |
| Total | 380 | 74.7 | 950 | 20.2 | -62.4% |
Top Export Markets for Glycerol from Mexico in 2022:
- Costa Rica (6.6 tons)
- Colombia (1.6 tons)
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