Brazil: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Brazil

The Brazilian polyethylene glycol wax market expanded to $X in 2021, growing by 3.6% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Polyethylene glycol wax consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Production in Brazil

In value terms, polyethylene glycol wax production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% 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 with an increase of 23%. Polyethylene glycol wax production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Polyethylene Glycol Wax Exports

Exports from Brazil

In 2021, exports of artificial and prepared waxes of polyethylene glycol from Brazil skyrocketed to X tons, growing by 34% compared with 2020. In general, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 67%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, polyethylene glycol wax exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Colombia (X tons) and Argentina (X tons) were the main destinations of polyethylene glycol wax exports from Brazil, together accounting for 61% of total exports. These countries were followed by Israel, the United Arab Emirates, Spain, Paraguay and South Africa, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +70.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol wax exported from Brazil were Argentina ($X), Italy ($X) and Colombia ($X), with a combined 64% share of total exports. Israel, the United Arab Emirates, Paraguay, Spain and South Africa lagged somewhat behind, together comprising a further 31%.

The United Arab Emirates, with a CAGR of +42.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average polyethylene glycol wax export price stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the export price, however, saw a mild setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Italy ($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 Paraguay (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Brazil

In 2021, imports of artificial and prepared waxes of polyethylene glycol into Brazil contracted to X tons, shrinking by -12.9% on the year before. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 43%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene glycol wax imports declined to $X in 2021. Over the period under review, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of polyethylene glycol wax imports to Brazil, together accounting for 91% of total imports. These countries were followed by China and India, which together accounted for a further 6.6%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +95.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Mexico ($X) and South Korea ($X) appeared to be the largest polyethylene glycol wax suppliers to Brazil, with a combined 89% share of total imports. China and India lagged somewhat behind, together accounting for a further 6.3%.

China, with a CAGR of +102.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, declining by -1.8% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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