Glycerin Prices

Glycerin Prices December 2023

The glycerin prices in the United States for Q4 2023 reached 295 USD/MT (Crude Glycerin 80%) and 1580 USD/MT (Glycerin Refined USP 99.5%) in December. In the fourth quarter of 2023, the United States glycerin market experienced significant price declines as a result of excess production coupled with diminished demand from essential industries. Additionally, lower prices for raw materials, including palm oil, exerted influence on the market. Supply chain disruptions and escalating shipping costs further contributed to the downward trend. Nevertheless, by November, prices of crude glycerin began to rise as demand from downstream sectors saw an increase.

The price trend for glycerin in South Korea for Q4 2023, reached 750 USD/MT in December. The glycerin market of South Korea was turbulent in Q4 of 2023. Less inventories and reduced supply- built pressure in the market and higher demand from low-end manufacturing units also showed their impact on prices. Seasonal demand and fluctuating edible oil prices also changed the price tendency of glycerin. Despite all these odds, the country showed a significant decline in glycerin prices when compared to the last quarter.

The price trend for glycerin in England for Q4 2023 reached 1865 USD/MT in December.  In England, glycerin prices in Q4 2023 were heavily influenced by a surplus in global markets and lower palm oil prices, leading to a decline in prices. By the end of the season, prices went up as a result of increased demand from downstream industries and growing freight expenses. England's market trends mirrored the dynamics of other major importing regions in Europe.

The price trend for glycerin in Saudi Arabia for Q4 2023, reached 910 USD/MT in December. During Q4 2023, Saudi Arabia's glycerin market experienced slight price increases, driven by higher seasonal demand and constrained inventories. The market conditions were favorably impacted by Saudi Arabia's robust economy, which was bolstered by high oil prices and Saudi Aramco's strategic listing. Downstream industries also increased their glycerin purchases in anticipation of ongoing demand, further impacting prices in the region.

Glycerin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Glycerin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of glycerin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of glycerin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of glycerin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing glycerin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Glycerin Market Analysis

The global glycerin market size reached US$ 2.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.2 Billion, at a projected CAGR of 4.90% during 2023-2032.

• The personal care and cosmetics market uses the product due to its moisturizing qualities. As per the IMARC GROUP, the global beauty and personal care products market size reached US$ 506.2 Billion in 2023 and is expected to reach US$ 759.3 Billion by 2032, exhibiting a CAGR of 4.5% during 2024-2032. Additionally, these days individuals are gaining knowledge about adopting self-care routines including personal grooming and skincare. Due to the aforementioned factor, the need for moisturizers is consistently increasing, leading to a higher product demand in this industry. Other than this, a large number of individuals are diagnosed with skin issues such as clogged pores, which pushes them to seek glycerin-infused products which moisturizes the skin without clogging the pores.
• The pharmaceutical industry widely utilizes glycerin for a wide variety of applications, due to its solubility, humectant qualities, and non-toxic nature. A report by INVEST INDIA suggests, the India pharmaceutical market size is projected to reach $65 Billion by 2024 and $130 Billion by 2032. This specialty chemical is majorly used in topical medications, suppositories, and cough syrups. Additionally, key players are extensively investing in research and development (R&D) activities in order to develop more effective medications with lesser side-effects, this is creating a positive market outlook for glycerin.
• Furthermore, glycerin is of great utility in the food and beverage industry. It used as a sweetener, thickening agent, and moisture-retaining additive, thereby propelling the market growth. Moreover, this product helps in improving flavor, enhancing texture, and retaining shelf life. Other than this, glycerin is widely used in the baked goods and confectionery market. As per the IMARC GROUP, the global confectionery market has reached US$ 192.2 Billion in 2023, and is expected to reach US$ 256.1. The market is being projected to grow at a CAGR of 3.1% during 2024-2032.

Glycerin News

The report covers the latest developments, updates, and trends impacting the global glycerin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in glycerin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the glycerin price trend.

Latest developments in the glycerin industry:

• In 2022, Oleon has recently studied the oils and fats splitting process using enzymatic technology in a project funded by the EU Horizon. This project could produce almost 90% pure alpha glycerin monostearate from an enzymatic esterification reaction between glycerol and stearic acid, a significant improvement compared to only 22.5% using the chemical method.

Product Description

Glycerin also known as glycerol is chemically represented as C3H8O3, reflecting 3 carbon atoms, 8 hydrogen atoms, and 3 oxygen atoms. It is a colorless, odorless, and viscous liquid with a sweet taste.

Glycerin is majorly manufactured as a byproduct in the production of biodiesel, fatty acids, and soap. One of the most common methods of glycerin production is through a procedure called saponification, which involves the hydrolysis of fats and oils. Another method of glycerin production is through epichlorohydrin hydrolysis of propylene.

Glycerin is majorly used in the personal care and cosmetics industry. Additionally, this chemical is also widely used in a wide array of industries including pharmaceutical, food and beverage, and chemical industry. In the chemical industry, glycerin acts as a versatile chemical intermediate in the manufacturing of numerous chemicals and compounds.

Regional Coverage

The report provides a detailed analysis of the glycerin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the glycerin price trend. 

Global Glycerin Price

The report offers a holistic view of the global glycerin pricing trends in the form of glycerin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into glycerin historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into glycerin price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed glycerin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Glycerin Price

In Europe, the glycerin market saw varied pricing trends throughout the Q4 2023. Initially, prices dropped, driven by a global slowdown and excess production from key exporters like Thailand. This oversupply led to significant price cuts across importing markets, including Indonesia and Malaysia. European suppliers faced challenges with high inventory levels, resulting in a cautious approach to new purchases. However, as the quarter progressed, a surge in demand from downstream industries, alongside enhanced consumer confidence, helped stabilize and slightly increase prices.

This analysis can be extended to include detailed glycerin price information for a comprehensive list of countries.

North America Glycerin Price

During Q4 2023, the North America market faced downward price pressures due to a combination of factors. A notable reduction in prices for refined glycerin resulted from overproduction and reduced demand across end use sectors. Excess inventories and a reduction in the cost of raw materials, particularly palm oil, further pushed prices down. Additionally, global disruptions of supply chain and increased shipping costs exacerbated the price decline. Key exporting nations also contributed to this trend, with significant price reductions due to their high inventories. The weakened position of palm oil, the primary raw material for glycerin production, added to the complexity. Moreover, key downstream industries increasingly adopted a just-in-time inventory strategy, impacting glycerin purchases and contributing to lower prices.

Specific glycerin historical data within the United States and Canada can also be provided.

Middle East and Africa Glycerin Price

Several significant factors impacted the Middle Eastern and African glycerin market in the fourth quarter of 2023, resulting in a minor increase in prices. This increase was primarily due to increased seasonal demand, notably with the arrival of winter, which caused end use companies to expand their purchase. In Saudi Arabia, the region's prominent market, demand growth combined with low stocks improved market conditions. The strengthening Saudi economy, boosted by high oil prices and the lucrative IPO of Saudi Aramco shares, also helped to sustain the glycerin market.

In addition to region-wise data, information on glycerin prices for countries can also be provided.

Asia Pacific Glycerin Price

The Asia Pacific glycerin market encountered fluctuating conditions in the fourth quarter of 2023, marked by several influential such as less glycerin inventories among end use manufacturers in the region, leading to shifts in demand and price variations. Seasonal changes further spurred global demand, influencing pricing dynamics. Additionally, fluctuations in palm oil and various edible oils directly impacted glycerin pricing in Asia Pacific. South Korea, in particular, experienced notable price changes due to ongoing supply challenges, with merchants rapidly reducing their inventories and dealing with backlogs. The region witnessed a complex market environment characterized by constrained supplies, seasonal demand spikes, and fluctuating raw material prices, contributing to a turbulent quarter for glycerin pricing.

This glycerin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Glycerin Price

The analysis of glycerin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of glycerin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting glycerin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The glycerin price charts ensure our clients remain at the forefront of the industry.