Australia and Oceania: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Australia and Oceania

The polyethylene glycol wax market in Australia and Oceania dropped to $X in 2021, with a decrease of -6.6% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Production in Australia and Oceania

In value terms, polyethylene glycol wax production shrank slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Polyethylene Glycol Wax Exports

Exports in Australia and Oceania

In 2021, shipments abroad of artificial and prepared waxes of polyethylene glycol increased by 94% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol wax exports soared to $X in 2021. In general, exports, however, showed a noticeable contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, recording X tons, which was approx. 98% of total exports in 2021. New Zealand (X tons) took a minor share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of artificial and prepared waxes of polyethylene glycol. At the same time, New Zealand (+126.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +126.1% from 2012-2021. While the share of New Zealand (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-1.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest polyethylene glycol wax supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was held by New Zealand ($X), with an 8.9% share of total exports.

In Australia, polyethylene glycol wax exports contracted by an average annual rate of -3.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, waning by -12% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth was the most pronounced in 2014 when the export price increased by 35% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-3.3%).

Polyethylene Glycol Wax Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of artificial and prepared waxes of polyethylene glycol increased by 23% to X tons, rising for the third year in a row after three years of decline. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the major importing country with an import of around X tons, which accounted for 85% of total imports. It was distantly followed by New Zealand (X tons), generating a 13% share of total imports.

Australia was also the fastest-growing in terms of the artificial and prepared waxes of polyethylene glycol imports, with a CAGR of +4.0% from 2012 to 2021. At the same time, New Zealand (+1.1%) displayed positive paces of growth. Australia (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +2.4%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, falling by -6.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.5%).

Source: IndexBox Platform

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