France: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in France

In 2021, the French polyethylene glycol wax market decreased by -1.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a noticeable descent. Polyethylene glycol wax consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Polyethylene Glycol Wax Production in France

In value terms, polyethylene glycol wax production surged to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from France

In 2021, after two years of decline, there was significant growth in overseas shipments of artificial and prepared waxes of polyethylene glycol, when their volume increased by 453% to X tons. Over the period under review, exports continue to indicate a prominent increase. 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. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for polyethylene glycol wax exports from France, accounting for a 67% share of total exports. Moreover, polyethylene glycol wax exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), fivefold. Algeria (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+10.1% per year) and Algeria (+30.6% per year).

In value terms, Italy ($X) emerged as the key foreign market for artificial and prepared waxes of polyethylene glycol exports from France, comprising 58% of total exports. The second position in the ranking was held by Algeria ($X), with a 20% share of total exports. It was followed by Spain, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+39.0% per year) and Spain (+5.0% per year).

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, which is down by -24.2% against the previous year. In general, the export price recorded a mild contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Algeria ($X per ton), while the average price for exports to Spain ($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 Tunisia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into France

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported into France; growing by 11% compared with the previous year. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyethylene glycol wax supplier to France, with a 90% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.1% per year) and the Netherlands (+10.4% per year).

In value terms, Germany ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to France, comprising 89% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.2% per year) and the Netherlands (+7.8% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 35%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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