Glycerol Price in South Africa - 2023
Contents:
- Glycerol Price in South Africa (CIF) - 2022
- Glycerol Price in South Africa (FOB) - 2022
- Glycerol Imports in South Africa
- Glycerol Exports in South Africa
Glycerol Price in South Africa (CIF) - 2022
In 2022, the average glycerol import price amounted to $875 per ton, jumping by 30% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 +92.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($2,101 per ton), while the price for Portugal ($408 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Glycerol Price in South Africa (FOB) - 2022
In 2022, the average glycerol export price amounted to $2,252 per ton, with an increase of 17% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glycerol export price increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($4,393 per ton), while the average price for exports to Mozambique ($562 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 Malawi (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Glycerol Imports in South Africa
Glycerol imports into South Africa soared to 41K tons in 2022, with an increase of 54% on the year before. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, glycerol imports skyrocketed to $36M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glycerol in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.7 | 3.8 | 5.4 | 12.9 | 164.1% |
| Malaysia | 3.0 | 3.3 | 4.5 | 8.7 | 42.6% |
| Portugal | 1.1 | 1.2 | 2.5 | 5.0 | 65.7% |
| Argentina | 2.6 | 1.6 | 1.7 | 4.2 | 17.3% |
| Germany | 0.4 | 0.2 | 1.1 | 2.2 | 76.5% |
| Indonesia | 1.2 | 0.9 | 0.5 | 0.7 | -16.4% |
| Colombia | N/A | N/A | N/A | 0.6 | 0% |
| Others | 1.0 | 1.4 | 2.1 | 1.3 | 9.1% |
| Total | 10.1 | 12.3 | 17.7 | 35.6 | 52.2% |
Top Suppliers of Glycerol to South Africa in 2022:
- Brazil (18.0K tons)
- Portugal (12.4K tons)
- Malaysia (4.2K tons)
- Argentina (2.9K tons)
- Germany (1.4K tons)
- Colombia (0.7K tons)
- Indonesia (0.5K tons)
Glycerol Exports in South Africa
In 2022, the amount of glycerol exported from South Africa contracted slightly to 2.1K tons, which is down by -2.1% compared with the year before. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. As a result, the exports reached the peak of 2.1K tons, and then reduced modestly in the following year.
In value terms, glycerol exports rose remarkably to $4.7M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Glycerol in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 403 | 162 | 553 | 740 | 22.5% |
| Malawi | 50.0 | 43.6 | 809 | 705 | 141.6% |
| Botswana | 387 | 596 | 371 | 700 | 21.8% |
| Democratic Republic of the Congo | 396 | 326 | 571 | 623 | 16.3% |
| Zimbabwe | 302 | 480 | 436 | 605 | 26.1% |
| Mozambique | 223 | 143 | 206 | 254 | 4.4% |
| Namibia | 61.7 | 128 | 106 | 193 | 46.2% |
| Lesotho | 298 | 214 | 219 | 181 | -15.3% |
| Swaziland | 156 | 142 | 111 | 178 | 4.5% |
| Tanzania | 149 | 97.3 | 123 | 111 | -9.3% |
| Others | 173 | 450 | 553 | 375 | 29.4% |
| Total | 2,598 | 2,782 | 4,057 | 4,666 | 21.6% |
Top Export Markets for Glycerol from South Africa in 2022:
- Mozambique (451.4 tons)
- Zambia (345.3 tons)
- Malawi (271.3 tons)
- Zimbabwe (222.3 tons)
- Botswana (159.4 tons)
- Democratic Republic of the Congo (149.3 tons)
- Swaziland (114.3 tons)
- Lesotho (72.0 tons)
- Namibia (61.4 tons)
- Tanzania (44.4 tons)
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