Glycerin Price In USA
- United States: 295 USD/MT (Crude Glycerin 80%) /MT (Glycerin Refined USP 99.5%)
The price trend for glycerin in USA market reached 295 USD/MT in the fourth quarter 2023. However, for glycerin refined USP 99.5%DEL Illinois in the USA at the end of the quarter was 1580 USD/MT with an average quarterly decline of 1.14%.
The latest report by IMARC, titled "Glycerin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
," delivers a comprehensive analysis of Glycerin prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Glycerin Prices December 2023:
- United States: 295 USD/MT (Crude Glycerin 80%) /MT (Glycerin Refined USP 99.5%)
- South Korea: 750 USD/MT (Glycerin Refined USP 99.5%)
- England: 1865 USD/MT (Glycerin Refined USP 99.5%)
- Saudi Arabia: 910 USD/MT
Report Offering:
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The study delves into the factors affecting Glycerin price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Glycerin Price Trend- Q4 2023
The glycerin market has been experiencing a significant surge in demand, primarily driven by its extensive applications across various industries. Glycerin, a byproduct of biodiesel production, is highly valued for its versatility and environmentally friendly attributes. Its applications span from personal care products, pharmaceuticals, food, and beverages to industrial uses such as in the production of antifreeze and plastics. The push toward sustainable and green chemicals has further bolstered its market, as glycerin serves as a biodegradable and non-toxic alternative to petroleum-based products. Additionally, the growth in the biodiesel sector, motivated by global efforts to reduce carbon emissions, has directly impacted the availability and demand for glycerin. Innovations in glycerin purification technologies and its increasing use in niche markets, such as in e-cigarette liquid manufacturing, have also contributed to the market dynamics. This multifaceted demand across diverse sectors, coupled with the sustainability trend, underscores the upward trajectory of the glycerin market.
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. In the last quarter, the glycerin market has witnessed fluctuations in prices, influenced by several critical factors. The primary determinant has been the volatility in the raw material supply, notably from the biodiesel industry, which is the main source of glycerin. The production of biodiesel varies with the crude oil prices, government policies promoting biofuels, and the overall demand for diesel. As these elements have experienced changes, the supply of glycerin has adjusted accordingly, impacting its price structure. Additionally, the pandemic's lingering effects have led to disruptions in global supply chains, affecting the transportation and availability of glycerin. This situation was exacerbated by geopolitical tensions in key regions, which introduced further uncertainties into the market. As a result, buyers and suppliers have faced challenges in predicting price movements, contributing to the price volatility witnessed in the last quarter.
Moreover, the demand side of the glycerin market has also played a crucial role in influencing its prices. An upsurge in demand from the pharmaceutical and personal care sectors, driven by increased health awareness and hygiene practices, has put pressure on the glycerin supply, pushing prices upward. The food and beverage industry's steady recovery, post-pandemic, has further stimulated this demand. However, the increase in production costs, including labor and logistics, has added to the upward price pressure. Conversely, technological advancements and improvements in glycerin production efficiency have attempted to counterbalance these pressures by enhancing supply capabilities. The market has also seen strategic stockpiling by major consumers in anticipation of price increases, which, in turn, has contributed to short-term price hikes. These complex interplays of supply-demand dynamics, cost structures, and strategic market behaviors have shaped the glycerin price trend in the last quarter, indicating a market sensitive to both external and internal influences. In the fourth quarter of 2023, there were notable pricing influences in the North American Glycerin market. The main causes of the significant drop in refined Glycerin prices were excess supply and a decline in downstream industry demand. At the conclusion of the quarter, the price of crude Glycerin 80% FOB Houston in the USA was USD 285/MT, showing an average quarterly reduction of 0.31%. The APAC area faced difficulties with Glycerin pricing in the fourth quarter of 2023. Restricted Glycerin stockpiles in the lower-end production facilities in the region originally affected the market, leading to increased demand and possible price changes. In the fourth quarter of 2023, the European region saw difficulties with Glycerin pricing, as a number of factors influenced market dynamics and price swings.
Browse Full Report: https://www.imarcgroup.com/glycerin-pricing-report
Key Points Covered in the Glycerin Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Glycerin Prices
- Glycerin Price Trend
- Glycerin Demand & Supply
- Glycerin Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Glycerin Price Analysis
- Glycerin Industry Drivers, Restraints, and Opportunities
- Glycerin News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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