The import of crude glycerol, glycerol waters, and lye to China is forecasted to increase steadily from 2024 to 2028, with values moving from $507.71 million in 2024 to $602.82 million in 2028. This suggests an uptrend with consistent year-on-year growth percentages, primarily driven by industrial demands and potential biofuel production growth. In 2023, these imports stood lower, reflecting a consistent increase in demand for these products. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to show a moderate upwards trend.
Future trends to watch for include shifts in global glycerol production capabilities, potential regulatory changes affecting imports, and fluctuations in Chinese industrial demand, particularly within the cosmetics and biodiesel sectors, which may impact pricing and supply chain dynamics.
