EU: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in the EU

The EU polyethylene glycol wax market rose to $X in 2021, with an increase of 4.4% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.8%. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Polyethylene Glycol Wax Production in the EU

In value terms, polyethylene glycol wax production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight setback. The growth pace was the most rapid in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polyethylene Glycol Wax Exports

Exports in the EU

In 2021, shipments abroad of artificial and prepared waxes of polyethylene glycol increased by 55% to X tons, rising for the fourth consecutive year after two years of decline. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.4% against 2017 indices. 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 soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the major exporting country with an export of about X tons, which accounted for 52% of total exports. Belgium (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons). All these countries together took near 42% share of total exports. France (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +58.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest polyethylene glycol wax supplier in the European Union, comprising 59% of total exports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total exports. It was followed by the Netherlands, with a 10% share.

In Germany, polyethylene glycol wax exports expanded at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+10.8% per year) and the Netherlands (+37.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, which is down by -3.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the other leaders experienced a decline in the export price figures.

Polyethylene Glycol Wax Imports

Imports in the EU

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported in the European Union; picking up by 17% on 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% 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 +78.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 30%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, polyethylene glycol wax imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +88.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the six major importers of artificial and prepared waxes of polyethylene glycol, namely France, Germany, the Netherlands, Italy, Poland and Spain, represented more than two-thirds of total import. Belgium (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol wax importing markets in the European Union were France ($X), Italy ($X) and Spain ($X), together comprising 52% of total imports. These countries were followed by Germany, Poland, the Netherlands and Belgium, which together accounted for a further 35%.

The Netherlands, with a CAGR of +21.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 9% against the previous year. Overall, the import price, however, showed a pronounced descent. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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