The import of crude glycerol, glycerol waters, and lye to China is forecasted to see steady growth from 2024 to 2028, beginning at 1.2699 billion kilograms in 2024 and reaching 1.4791 billion kilograms by 2028. In 2023, the volume stood at 1.2176 billion kilograms, marking significant growth each year.
Year-on-year growth from 2024 to 2025 is 4.3%, supported by continuous demand in industrial applications, expanding food processing usage, and increased pharmaceutical needs.
From 2025 to 2026, a 4% increase is noted, with similar trends observed from 2026 to 2028, suggesting consistent growth patterns.
The average annual growth rate (CAGR) projected over this five-year period is approximately 3.86%, reflecting a steady expansion of imports.
Future trends to watch for:
- China's industrial and manufacturing output growth, which could drive further increases in glycerol demand.
- Innovations in biodegradable and eco-friendly products using glycerol, potentially spurring demand.
- Fluctuations in global trade policies affecting import tariffs and availability.
- Technological advancements leading to broader applications of glycerol derivatives in various sectors.
