Glycerol Price in Saudi Arabia - 2021
Contents:
- Glycerol Price in Saudi Arabia (CIF) - 2022
- Glycerol Price in Saudi Arabia (FOB) - 2022
- Glycerol Imports in Saudi Arabia
- Glycerol Exports in Saudi Arabia
Glycerol Price in Saudi Arabia (CIF) - 2022
The average glycerol import price stood at $779 per ton in 2022, falling by -17.4% against the previous year. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in 2021 an increase of 46%. Over the period under review, average import prices hit record highs at $1,121 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($828 per ton), while the price for the United States ($738 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.0%), while the prices for the other major suppliers experienced a decline.
Glycerol Price in Saudi Arabia (FOB) - 2022
The average glycerol export price stood at $753 per ton in 2022, shrinking by -20.3% against the previous year. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2021 when the average export price increased by 116%. As a result, the export price reached the peak level of $944 per ton, and then shrank sharply in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Pakistan ($869 per ton) and Egypt ($753 per ton), while the average price for exports to Lebanon ($656 per ton) and the United Arab Emirates ($672 per ton) were amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in Saudi Arabia
In 2022, overseas purchases of glycerol were finally on the rise to reach 15K tons after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback.
In value terms, glycerol imports dropped to $12M in 2022. In general, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year.
| Import of Glycerol in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.3 | 4.9 | 7.7 | 6.8 | 8.7% |
| Malaysia | 2.6 | 2.5 | 3.7 | 3.2 | 7.2% |
| United States | 2.2 | 2.6 | 0.8 | 1.6 | -10.1% |
| Germany | 1.8 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 1.0 | 0.5 | 0.2 | -37.0% |
| Total | 12.8 | 11.0 | 12.7 | 11.8 | -2.7% |
Top Suppliers of Glycerol to Saudi Arabia in 2022:
- Indonesia (8.9K tons)
- Malaysia (3.9K tons)
- United States (2.1K tons)
Glycerol Exports in Saudi Arabia
In 2022, after two years of decline, there was significant growth in overseas shipments of glycerol, when their volume increased by 237% to 1.3K tons. Overall, exports, however, recorded a dramatic descent.
In value terms, glycerol exports soared to $1M in 2022. Over the period under review, exports, however, faced a abrupt shrinkage.
| Export of Glycerol in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 577 | 334 | N/A | 675 | 5.4% |
| Jordan | 273 | 195 | 317 | 101 | -28.2% |
| Pakistan | 141 | N/A | N/A | 88.7 | -14.3% |
| United Arab Emirates | 242 | 344 | 12.4 | 69.3 | -34.1% |
| Lebanon | 22.0 | 21.4 | N/A | 41.6 | 23.7% |
| Kuwait | 64.8 | 23.6 | 7.1 | 19.9 | -32.5% |
| Cote d'Ivoire | 39.3 | 24.9 | N/A | N/A | -36.6% |
| Nigeria | 282 | 8.9 | N/A | N/A | -96.8% |
| Malaysia | N/A | 192 | 31.1 | N/A | -83.8% |
| Others | 24.3 | 104 | 8.0 | 13.8 | -17.2% |
| Total | 1,665 | 1,247 | 376 | 1,009 | -15.4% |
Top Export Markets for Glycerol from Saudi Arabia in 2022:
- Egypt (896.4 tons)
- Jordan (142.1 tons)
- United Arab Emirates (103.2 tons)
- Pakistan (102.1 tons)
- Lebanon (63.4 tons)
- Kuwait (27.7 tons)
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