Netherlands: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in the Netherlands

The Dutch polyethylene glycol wax market reduced dramatically to $X in 2021, with a decrease of -26.9% against the previous year. Overall, consumption, however, continues to indicate a notable expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then fell sharply in the following year.

Polyethylene Glycol Wax Production in the Netherlands

In value terms, polyethylene glycol wax production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 122%. Polyethylene glycol wax production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from the Netherlands

For the fourth year in a row, the Netherlands recorded growth in overseas shipments of artificial and prepared waxes of polyethylene glycol, which increased by 160% to X tons in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 255% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene glycol wax exports soared to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 381% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of polyethylene glycol wax exports from the Netherlands, together accounting for 74% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +146.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and Spain ($X) constituted the largest markets for polyethylene glycol wax exported from the Netherlands worldwide, together comprising 82% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +135.1%, recorded the highest rates of growth with regard to 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, which is down by -28.8% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 the UK (-0.8%), while the prices for the other major destinations experienced a decline.

Polyethylene Glycol Wax Imports

Imports into the Netherlands

For the fourth year in a row, the Netherlands recorded growth in purchases abroad of artificial and prepared waxes of polyethylene glycol, which increased by 24% to X tons in 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 308% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, polyethylene glycol wax imports surged to $X in 2021. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 82% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of polyethylene glycol wax to the Netherlands, accounting for a 86% share of total imports. Moreover, polyethylene glycol wax imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +101.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.8% per year) and Italy (+2.9% per year).

In value terms, Russia ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to the Netherlands, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +94.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.4% per year) and Italy (+6.1% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, surging by 29% against the previous year. Overall, the import price, however, showed a deep setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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