Glycerol Price in Pakistan - 2023
Contents:
- Glycerol Price in Pakistan (CIF) - 2022
- Glycerol Price in Pakistan (FOB) - 2022
- Glycerol Imports in Pakistan
- Glycerol Exports in Pakistan
Glycerol Price in Pakistan (CIF) - 2022
The average glycerol import price stood at $758 per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $897 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Malaysia ($1,724 per ton), while the price for Colombia ($327 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in Pakistan (FOB) - 2022
In 2022, the average glycerol export price amounted to $1,392 per ton, rising by 49% against the previous year. Over the period under review, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2014 an increase of 91%. Over the period under review, the average export prices hit record highs at $3,132 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,124 per ton), while the average price for exports to Tanzania ($657 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 the United States (+85.2%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in Pakistan
In 2022, glycerol imports into Pakistan skyrocketed to 17K tons, with an increase of 25% against the previous year. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 83% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, glycerol imports skyrocketed to $13M in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.5 | 1.7 | 1.6 | 4.1 | 17.9% |
| Indonesia | 2.8 | 1.3 | 1.2 | 3.4 | 6.7% |
| Spain | 0.5 | 0.3 | 0.4 | 2.0 | 58.7% |
| Brazil | 0.1 | 0.4 | 1.6 | 1.3 | 135.1% |
| Thailand | 0.4 | 0.2 | 0.1 | 0.7 | 20.5% |
| Greece | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Colombia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.3 | 0.6 | 2.2 | 0.7 | -18.6% |
| Total | 7.7 | 4.4 | 7.2 | 12.6 | 17.8% |
Top Suppliers of Glycerol to Pakistan in 2022:
- Spain (4.8K tons)
- Brazil (3.4K tons)
- Indonesia (2.4K tons)
- Malaysia (2.4K tons)
- Greece (0.8K tons)
- Thailand (0.8K tons)
- Colombia (0.6K tons)
Glycerol Exports in Pakistan
In 2022, exports of glycerol from Pakistan surged to 9.9K tons, picking up by 40% against the year before. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 255%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, glycerol exports soared to $14M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 318% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Glycerol in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 11.0 | 479 | 3,718 | 1738.5% |
| United Arab Emirates | N/A | 111 | 1,874 | 3,080 | 426.8% |
| China | 362 | 731 | 2,558 | 1,442 | 58.5% |
| Afghanistan | N/A | 3.1 | 3.6 | 1,428 | 2046.3% |
| Egypt | 166 | 424 | 429 | 994 | 81.6% |
| Uzbekistan | N/A | N/A | N/A | 580 | 0% |
| Bangladesh | N/A | 35.2 | 193 | 434 | 251.1% |
| Netherlands | N/A | 34.6 | N/A | 371 | 227.5% |
| Kenya | 11.0 | 333 | 211 | 308 | 203.7% |
| Tanzania | 0.3 | 93.1 | 176 | 128 | 652.8% |
| South Africa | N/A | 177 | 166 | N/A | -6.2% |
| Others | 4.4 | 322 | 546 | 1,301 | 566.2% |
| Total | 544 | 2,274 | 6,635 | 13,784 | 193.7% |
Top Export Markets for Glycerol from Pakistan in 2022:
- Afghanistan (2029.3 tons)
- United Arab Emirates (1808.0 tons)
- United States (1750.6 tons)
- China (1512.0 tons)
- Egypt (794.7 tons)
- Uzbekistan (357.9 tons)
- Bangladesh (280.0 tons)
- Kenya (212.5 tons)
- Tanzania (194.6 tons)
- Netherlands (192.5 tons)
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