Ghana: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Ghana

The Ghanian polyethylene glycol wax market rose remarkably to $X in 2021, growing by 5.2% against the previous year. In general, consumption enjoyed a buoyant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Production in Ghana

In value terms, polyethylene glycol wax production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 127% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports from Ghana

Polyethylene glycol wax exports from Ghana was estimated at X tons in 2018, picking up by 14% compared with the year before. Over the period under review, exports showed a tangible 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 2018. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Guinea (X tons) was the main destination for polyethylene glycol wax exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Guinea was relatively modest.

In value terms, Guinea ($X) emerged as the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Ghana.

From 2012 to 2018, the average annual growth rate of value to Guinea was relatively modest.

Export Prices by Country

In 2018, the average polyethylene glycol wax export price amounted to $X per ton, with an increase of 3.5% against the previous year. Overall, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Guinea.

From 2012 to 2018, the rate of growth in terms of prices for Congo amounted to 0.0% per year.

Polyethylene Glycol Wax Imports

Imports into Ghana

In 2021, polyethylene glycol wax imports into Ghana skyrocketed to X tons, rising by 207% on the year before. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 332% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 392% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of polyethylene glycol wax to Ghana, accounting for a 75% share of total imports. Moreover, polyethylene glycol wax imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The United States (X kg) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.9% per year) and the United States (+23.2% per year).

In value terms, South Africa ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Ghana, comprising 85% of total imports. The second position in the ranking was held by the UK ($X), with a 9% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from South Africa totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+72.9% per year) and Germany (+20.3% per year).

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, growing by 41% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price 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, polyethylene glycol wax import price increased by +8.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($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 (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :