Germany: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Germany

In 2021, the German polyethylene glycol wax market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a abrupt descent. Polyethylene glycol wax consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Polyethylene Glycol Wax Production in Germany

In value terms, polyethylene glycol wax production rose significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Polyethylene glycol wax production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from Germany

In 2021, overseas shipments of artificial and prepared waxes of polyethylene glycol increased by 4.3% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, polyethylene glycol wax exports amounted to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 19%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

France (X tons) was the main destination for polyethylene glycol wax exports from Germany, accounting for a 31% share of total exports. Moreover, polyethylene glycol wax exports to France exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.8% per year) and Poland (+17.7% per year).

In value terms, France ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Germany, comprising 30% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Italy, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.9% per year) and Italy (+2.9% per year).

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, increasing by 9.8% 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 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Turkey (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Germany

In 2021, imports of artificial and prepared waxes of polyethylene glycol into Germany soared to X tons, rising by 67% compared with the previous year's figure. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Belgium (X tons) were the main suppliers of polyethylene glycol wax imports to Germany, with a combined 75% share of total imports. These countries were followed by the Netherlands, Russia and Italy, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +471.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Belgium ($X) appeared to be the largest polyethylene glycol wax suppliers to Germany, with a combined 73% share of total imports. These countries were followed by the Netherlands, Russia and Italy, which together accounted for a further 21%.

Among the main suppliers, Russia, with a CAGR of +508.7%, 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 average polyethylene glycol wax import price stood at $X per ton in 2021, rising by 11% against the previous year. In general, the import price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Italy ($X per ton), while the price for South Korea ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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