Latin America and the Caribbean: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Latin America and the Caribbean

In 2022, the Latin American refined or synthetic glycerol market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Refined or Synthetic Glycerol in Latin America and the Caribbean

In value terms, refined or synthetic glycerol production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Exports of Refined or Synthetic Glycerol

Exports in Latin America and the Caribbean

In 2022, approx. X tons of refined or synthetic glycerol were exported in Latin America and the Caribbean; picking up by X% against 2021 figures. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, refined or synthetic glycerol exports surged to $X in 2022. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The shipments of the two major exporters of refined or synthetic glycerol, namely Brazil and Argentina, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%).

In value terms, the largest refined or synthetic glycerol supplying countries in Latin America and the Caribbean were Brazil ($X) and Argentina ($X).

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Imports of Refined or Synthetic Glycerol

Imports in Latin America and the Caribbean

In 2022, purchases abroad of refined or synthetic glycerol was finally on the rise to reach X tons after two years of decline. Total imports indicated buoyant growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined or synthetic glycerol imports surged to $X in 2022. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) represented the key importer of refined or synthetic glycerol, making up X% of total imports. Guatemala (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Brazil (X%). Chile (X tons), Peru (X tons) and the Dominican Republic (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), the Dominican Republic (X%), Colombia (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Guatemala (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported refined or synthetic glycerol in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, refined or synthetic glycerol imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a notable 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. 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 destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform