Czech Republic: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in the Czech Republic

The Czech polyethylene glycol wax market fell to $X in 2021, which is down by -9.4% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.1% against 2019 indices. Polyethylene glycol wax consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Polyethylene Glycol Wax Production in the Czech Republic

In value terms, polyethylene glycol wax production declined sharply to $X in 2021 estimated in export price. Overall, production, however, showed a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. Polyethylene glycol wax production peaked at $X in 2020, and then reduced sharply in the following year.

Polyethylene Glycol Wax Exports

Exports from the Czech Republic

In 2021, after two years of growth, there was significant decline in shipments abroad of artificial and prepared waxes of polyethylene glycol, when their volume decreased by -45.6% to X tons. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,577% against the previous year. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, polyethylene glycol wax exports declined notably to $X in 2021. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,395%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Hungary (X tons) was the main destination for polyethylene glycol wax exports from the Czech Republic, accounting for a 53% share of total exports. Moreover, polyethylene glycol wax exports to Hungary exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary amounted to +219.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+784.1% per year) and Italy (+177.4% per year).

In value terms, Hungary ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from the Czech Republic, comprising 51% of total exports. The second position in the ranking was held by Slovenia ($X), with a 19% share of total exports. It was followed by Italy, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +173.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+72.1% per year) and Italy (+156.4% per year).

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, shrinking by -4.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 37%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Serbia ($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 Russia (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into the Czech Republic

In 2021, supplies from abroad of artificial and prepared waxes of polyethylene glycol was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 62% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax imports expanded significantly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 59% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyethylene glycol wax to the Czech Republic, accounting for a 64% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.9% per year) and Italy (+43.3% per year).

In value terms, the largest polyethylene glycol wax suppliers to the Czech Republic were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising 85% of total imports. These countries were followed by Poland, Slovakia and Belgium, which together accounted for a further 11%.

In terms of the main suppliers, Belgium, with a CAGR of +69.7%, saw the highest growth rate of 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

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Slovakia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+16.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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