Egypt: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Egypt

After two years of decline, the Egyptian refined or synthetic glycerol market increased by X% to $X in 2022. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Refined or Synthetic Glycerol in Egypt

In value terms, refined or synthetic glycerol production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Refined or synthetic glycerol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Refined or Synthetic Glycerol

Exports from Egypt

In 2022, refined or synthetic glycerol exports from Egypt declined significantly to X tons, falling by X% on 2021. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refined or synthetic glycerol exports declined markedly to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for refined or synthetic glycerol exports from Egypt, accounting for a X% share of total exports. Moreover, refined or synthetic glycerol exports to Libya exceeded the volume sent to the second major destination, Ireland (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Libya totaled X%.

In value terms, Libya ($X) emerged as the key foreign market for refined or synthetic glycerol exports from Egypt, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Libya amounted to X%.

Export Prices by Country

The average refined or synthetic glycerol export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Ireland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (X%), while the prices for the other major destinations experienced a decline.

Imports of Refined or Synthetic Glycerol

Imports into Egypt

In 2022, the amount of refined or synthetic glycerol imported into Egypt surged to X tons, growing by X% compared with the previous year. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol imports soared to $X in 2022. Overall, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Brazil (X tons) and Indonesia (X tons) were the main suppliers of refined or synthetic glycerol imports to Egypt, with a combined X% share of total imports. Germany, China, Turkey and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Malaysia ($X) and Indonesia ($X) were the largest refined or synthetic glycerol suppliers to Egypt, together comprising X% of total imports. China, Germany, Turkey and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined or synthetic glycerol import price amounted to $X per ton, falling by X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined or synthetic glycerol import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform