Austria: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Austria

The Austrian polyethylene glycol wax market rose rapidly to $X in 2021, picking up by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate strong growth. Polyethylene glycol wax consumption peaked in 2021 and is expected to retain growth in the immediate term.

Polyethylene Glycol Wax Exports

Exports from Austria

In 2021, exports of artificial and prepared waxes of polyethylene glycol from Austria surged to X tons, with an increase of 58% compared with the previous year. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax exports surged to $X in 2021. Overall, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for polyethylene glycol wax exports from Austria, with a 52% share of total exports. Moreover, polyethylene glycol wax exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +86.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+37.0% per year) and Italy (+169.3% per year).

In value terms, Belgium ($X), Italy ($X) and Germany ($X) constituted the largest markets for polyethylene glycol wax exported from Austria worldwide, together comprising 89% of total exports.

Italy, with a CAGR of +159.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, surging by 33% against the previous year. In general, the export price, however, showed a deep reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Austria

Polyethylene glycol wax imports into Austria shrank to X tons in 2021, falling by -14.4% on the previous year. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, polyethylene glycol wax imports soared to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyethylene glycol wax supplier to Austria, accounting for a 89% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), more than tenfold. The third position in this ranking was taken by Malta (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+48.2% per year) and Malta (0.0% per year).

In value terms, Germany ($X), Switzerland ($X) and France ($X) constituted the largest polyethylene glycol wax suppliers to Austria, with a combined 97% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +66.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, increasing by 50% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene glycol wax import price increased by +73.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Malta ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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