Eastern Europe: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Eastern Europe

The East European polyethylene glycol wax market reached $X in 2021, surging by 1.9% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +22.6% against 2019 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Polyethylene Glycol Wax Production in Eastern Europe

In value terms, polyethylene glycol wax production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Polyethylene Glycol Wax Exports

Exports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded growth in shipments abroad of artificial and prepared waxes of polyethylene glycol, which increased by 41% to X tons in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 308% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, polyethylene glycol wax exports surged to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 164%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

In 2021, Russia (X tons) was the major exporter of artificial and prepared waxes of polyethylene glycol in Eastern Europe, mixing up 99% of total export.

Russia was also the fastest-growing in terms of the artificial and prepared waxes of polyethylene glycol exports, with a CAGR of +68.5% from 2012 to 2021. While the share of Russia (+79 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest polyethylene glycol wax supplier in Eastern Europe.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +59.4%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, with an increase of 24% against the previous year. In general, the export price, however, showed a noticeable curtailment. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -5.4% per year.

Polyethylene Glycol Wax Imports

Imports in Eastern Europe

In 2021, imports of artificial and prepared waxes of polyethylene glycol in Eastern Europe rose remarkably to X tons, with an increase of 7.6% against the previous year. In general, imports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 77% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol wax imports soared to $X in 2021. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 48% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland dominates imports structure, accounting for X tons, which was approx. 76% of total imports in 2021. It was distantly followed by the Czech Republic (X tons) and Bulgaria (X tons), together comprising a 12% share of total imports. Russia (X tons), Romania (X tons), Hungary (X tons) and Belarus (X tons) took a minor share of total imports.

Imports into Poland increased at an average annual rate of +23.3% from 2012 to 2021. At the same time, Romania (+35.6%), Bulgaria (+34.9%), Belarus (+15.6%), the Czech Republic (+5.3%) and Russia (+3.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +35.6% from 2012-2021. By contrast, Hungary (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Bulgaria and Romania increased by +28, +3.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in Eastern Europe, comprising 70% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 6.5% share of total imports. It was followed by the Czech Republic, with a 5.9% share.

In Poland, polyethylene glycol wax imports increased at an average annual rate of +19.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bulgaria (+27.1% per year) and the Czech Republic (-0.8% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 17% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Russia ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :