Hungary: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Hungary

The Hungarian polyethylene glycol wax market contracted remarkably to $X in 2021, which is down by -23.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a slight setback. Over the period under review, the market attained the peak level at $X in 2020, and then shrank markedly in the following year.

Polyethylene Glycol Wax Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in shipments abroad of artificial and prepared waxes of polyethylene glycol, which increased by 41% to X tons in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 12,848% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyethylene glycol wax exports declined to $X in 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 7,566% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of polyethylene glycol wax exports from Hungary, together accounting for 55% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +238.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Spain ($X) and Germany ($X) constituted the largest markets for polyethylene glycol wax exported from Hungary worldwide, with a combined 57% share of total exports. The Netherlands, Italy, Greece, Romania and Belgium lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, the Netherlands, with a CAGR of +188.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, falling by -34.9% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 110%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Hungary

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported into Hungary; waning by -14.7% against 2020. Overall, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax imports reduced dramatically to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 66%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyethylene glycol wax supplier to Hungary, with a 69% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+79.9% per year) and Spain (+7.6% per year).

In value terms, Germany ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Hungary, comprising 47% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 23% share of total imports. It was followed by Belgium, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+78.4% per year) and Belgium (+162.6% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, falling by -9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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