ASEAN: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in ASEAN

The ASEAN polyethylene glycol wax market reached $X in 2021, growing by 14% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.3% against 2012 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Polyethylene Glycol Wax Production in ASEAN

In value terms, polyethylene glycol wax production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Polyethylene Glycol Wax Exports

Exports in ASEAN

In 2021, exports of artificial and prepared waxes of polyethylene glycol in ASEAN stood at X tons, surging by 13% against 2020. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol wax exports soared to $X in 2021. In general, exports saw a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 34% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Malaysia was the largest exporter of artificial and prepared waxes of polyethylene glycol in ASEAN, with the volume of exports recording X tons, which was near 49% of total exports in 2021. It was distantly followed by Singapore (X tons), Myanmar (X tons) and Thailand (X tons), together generating a 49% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, together accounting for 88% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +42.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the other leaders experienced a decline in the export price figures.

Polyethylene Glycol Wax Imports

Imports in ASEAN

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported in ASEAN; rising by 29% compared with 2020 figures. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam represented the major importer of artificial and prepared waxes of polyethylene glycol in ASEAN, with the volume of imports recording X tons, which was near 55% of total imports in 2021. Indonesia (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons), Singapore (X tons) and Thailand (X tons). All these countries together held approx. 43% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the artificial and prepared waxes of polyethylene glycol imports, with a CAGR of +20.5% from 2012 to 2021. At the same time, Malaysia (+8.6%), Singapore (+7.4%) and Indonesia (+1.3%) displayed positive paces of growth. By contrast, Thailand (-4.3%) and the Philippines (-13.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +35 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in ASEAN, comprising 54% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +18.8%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-2.2% per year) and Singapore (+8.4% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, growing by 3.8% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while the Philippines ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform