Benelux: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Benelux

The Benelux polyethylene glycol wax market declined remarkably to $X in 2021, waning by -23.2% against the previous year. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 +28.5% against 2019 indices. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Polyethylene Glycol Wax Production in Benelux

In value terms, polyethylene glycol wax production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports in Benelux

Polyethylene glycol wax exports soared to X tons in 2021, picking up by 252% against 2020 figures. Overall, exports showed a resilient expansion. 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 skyrocketed to $X in 2021. Over the period under review, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons) represented the major exporter of artificial and prepared waxes of polyethylene glycol, committing 78% of total exports. It was distantly followed by the Netherlands (X tons), achieving a 22% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to polyethylene glycol wax exports from Belgium stood at +13.5%. At the same time, the Netherlands (+58.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +58.6% from 2012-2021. The Netherlands (+20 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -20.3% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest polyethylene glycol wax supplier in Benelux, comprising 70% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium totaled +10.8%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, shrinking by -21.3% against the previous year. Overall, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 when the export price increased by 25%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.3%).

Polyethylene Glycol Wax Imports

Imports in Benelux

For the fourth consecutive year, Benelux recorded growth in supplies from abroad of artificial and prepared waxes of polyethylene glycol, which increased by 8.9% to X tons in 2021. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 170%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 92% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands was the major importer of artificial and prepared waxes of polyethylene glycol in Benelux, with the volume of imports finishing at X tons, which was near 80% of total imports in 2021. It was distantly followed by Belgium (X tons), committing a 20% share of total imports.

The Netherlands was also the fastest-growing in terms of the artificial and prepared waxes of polyethylene glycol imports, with a CAGR of +37.5% from 2012 to 2021. Belgium experienced a relatively flat trend pattern. While the share of the Netherlands (+63 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-51.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in Benelux, comprising 71% of total imports. The second position in the ranking was held by Belgium ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +21.2%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, increasing by 6.3% against the previous year. In general, the import price, however, saw a abrupt setback. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.9%).

Source: IndexBox Platform