Production of Glycerol in Finland - 2022

Glycerol Production in Finland - 2022

In 2022, production of glycerol increased by 4.8% to 28K tons, rising for the second year in a row after two years of decline. In general, production, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 6.1% against the previous year. Glycerol production peaked at 34K tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, glycerol production fell modestly to $137M in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. As a result, production reached the peak level of $194M. From 2019 to 2022, production growth failed to regain momentum.

Source: IndexBox Market Intelligence Platform

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