Egypt: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Egypt

The Egyptian polyethylene glycol wax market reduced dramatically to $X in 2021, waning by -15.5% 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 saw a slight decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from Egypt

In 2021, exports of artificial and prepared waxes of polyethylene glycol from Egypt shrank rapidly to X tons, waning by -57.6% compared with the year before. Overall, exports saw a sharp descent. The growth pace was the most rapid in 2016 when exports increased by 226% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, polyethylene glycol wax exports declined markedly to $X in 2021. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 338%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X tons) was the main destination for polyethylene glycol wax exports from Egypt, accounting for a 89% share of total exports. Moreover, polyethylene glycol wax exports to Sudan exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold. The third position in this ranking was held by Kenya (X kg), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan totaled +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.8% per year) and Kenya (-44.4% per year).

In value terms, Sudan ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Egypt, comprising 72% of total exports. The second position in the ranking was held by Turkey ($X), with a 15% share of total exports. It was followed by Kenya, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan totaled +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+5.0% per year) and Kenya (-39.6% per year).

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, with an increase of 13% against the previous year. In general, the export price, however, recorded a slight setback. The growth pace was the most rapid in 2016 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Saudi Arabia ($X per ton), while the average price for exports to Sudan ($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 Saudi Arabia (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Egypt

In 2021, the amount of artificial and prepared waxes of polyethylene glycol imported into Egypt shrank to X tons, which is down by -13% on the previous year's figure. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.2% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 69% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene glycol wax imports dropped significantly to $X in 2021. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Turkey (X tons) and the United States (X tons) were the main suppliers of polyethylene glycol wax imports to Egypt, with a combined 53% share of total imports. These countries were followed by China, Germany, Italy, the Netherlands, India, France, Spain, Singapore, Belgium and Thailand, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +41.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol wax suppliers to Egypt were Saudi Arabia ($X), Turkey ($X) and the United States ($X), with a combined 50% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +39.0%, recorded 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, shrinking by -5.7% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 55%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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