Glycerol Price in the United Arab Emirates - 2021
Contents:
- Glycerol Price in the United Arab Emirates (CIF) - 2022
- Glycerol Price in the United Arab Emirates (FOB) - 2022
- Glycerol Imports in the United Arab Emirates
- Glycerol Exports in the United Arab Emirates
Glycerol Price in the United Arab Emirates (CIF) - 2022
In 2022, the average glycerol import price amounted to $1,063 per ton, rising by 38% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +119.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 59%. The import price peaked in 2022 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 Pakistan ($1,940 per ton), while the price for Brazil ($481 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+58.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in the United Arab Emirates (FOB) - 2022
The average glycerol export price stood at $1,809 per ton in 2022, picking up by 81% against the previous year. Overall, the export price saw tangible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($4,435 per ton), while the average price for exports to China ($95 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 Saudi Arabia (+205.9%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in the United Arab Emirates
In 2022, imports of glycerol into the United Arab Emirates contracted rapidly to 57K tons, falling by -34.2% compared with the previous year. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 121%. As a result, imports attained the peak of 87K tons, and then dropped sharply in the following year.
In value terms, glycerol imports contracted to $61M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 251% against the previous year. As a result, imports attained the peak of $67M, and then declined in the following year.
| Import of Glycerol in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 13.4 | 9.5 | 19.2 | 34.3 | 36.8% |
| Brazil | 0.4 | 1.6 | 4.9 | 11.2 | 203.7% |
| Indonesia | 6.2 | 5.7 | 7.1 | 6.4 | 1.1% |
| Pakistan | N/A | 0.1 | 1.5 | 3.5 | 491.6% |
| India | 0.3 | 0.1 | 0.3 | 1.9 | 85.0% |
| South Korea | N/A | 0.1 | 0.1 | 1.1 | 231.7% |
| Thailand | N/A | 0.4 | 0.5 | 0.6 | 22.5% |
| Spain | 0.2 | 0.3 | 1.2 | 0.1 | -20.6% |
| Others | 1.4 | 1.3 | 32.2 | 1.5 | 2.3% |
| Total | 22.0 | 19.1 | 66.9 | 60.7 | 40.3% |
Top Suppliers of Glycerol to the United Arab Emirates in 2022:
- Brazil (23.2K tons)
- Malaysia (19.1K tons)
- Indonesia (8.9K tons)
- Pakistan (1.8K tons)
- India (1.1K tons)
- Thailand (1.0K tons)
- South Korea (0.9K tons)
- Spain (0.3K tons)
Glycerol Exports in the United Arab Emirates
For the third consecutive year, the United Arab Emirates recorded decline in shipments abroad of glycerol, which decreased by -55.9% to 6.7K tons in 2022. Over the period under review, exports faced a dramatic slump. The smallest decline of -3.9% was in 2020.
In value terms, glycerol exports contracted markedly to $12M in 2022. In general, exports recorded a abrupt decrease. The smallest decline of -1.9% was in 2020.
| Export of Glycerol in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 4.2 | 0% |
| Sudan | N/A | N/A | N/A | 1.9 | 0% |
| Iran | 13.0 | 16.2 | 12.1 | 1.7 | -49.2% |
| Saudi Arabia | N/A | N/A | N/A | 1.5 | 0% |
| Algeria | N/A | N/A | N/A | 0.8 | 0% |
| Brazil | N/A | N/A | N/A | 0.3 | 0% |
| India | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Pakistan | N/A | N/A | N/A | 0.2 | 0% |
| Oman | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Djibouti | N/A | N/A | N/A | 0.1 | 0% |
| Zambia | 3.6 | 0.2 | 0.9 | N/A | -50.0% |
| China | N/A | N/A | N/A | N/A | 0% |
| Tanzania | 0.7 | 0.5 | 1.2 | N/A | 30.9% |
| Others | 0.5 | 0.3 | 0.8 | 0.9 | 21.6% |
| Total | 17.9 | 17.6 | 15.3 | 12.2 | -12.0% |
Top Export Markets for Glycerol from the United Arab Emirates in 2022:
- Iraq (2057.1 tons)
- Sudan (1014.0 tons)
- Iran (956.2 tons)
- Pakistan (799.0 tons)
- Saudi Arabia (512.7 tons)
- Brazil (195.9 tons)
- China (173.9 tons)
- Algeria (173.1 tons)
- India (164.4 tons)
- Djibouti (122.5 tons)
- Oman (109.3 tons)
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