Europe: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Europe

The Europe polyethylene glycol wax market stood at $X in 2021, rising by 2.3% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Polyethylene Glycol Wax Production in Europe

In value terms, polyethylene glycol wax production reduced slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports in Europe

In 2021, overseas shipments of artificial and prepared waxes of polyethylene glycol increased by 50% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports posted a buoyant expansion. 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. In general, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by Belgium (X tons), Russia (X tons) and the Netherlands (X tons) represented the largest exporters of artificial and prepared waxes of polyethylene glycol, together creating 95% of total exports. France (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +68.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest polyethylene glycol wax supplier in Europe, comprising 51% of total exports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total exports. It was followed by Russia, with a 13% share.

In Germany, polyethylene glycol wax exports increased 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 Russia (+59.4% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, reducing by -1.8% against the previous year. Overall, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 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 ($X per ton), while Russia ($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 Europe

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported in Europe; jumping by 17% compared with the year before. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.2% against 2017 indices. The growth pace was the most rapid in 2020 when imports increased by 27%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +81.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of polyethylene glycol wax imports in 2021 were France (X tons), Germany (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Spain (X tons) and the UK (X tons), together amounting to 87% of total import.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol wax importing markets in Europe were France ($X), Italy ($X) and Spain ($X), with a combined 47% share of total imports. Germany, Poland, the Netherlands and the UK lagged somewhat behind, together accounting for a further 36%.

In terms of the main importing countries, the Netherlands, with a CAGR of +21.2%, 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

The import price in Europe stood at $X per ton in 2021, picking up by 9.1% against the previous year. In general, the import price, however, recorded a noticeable decline. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 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