Report Update Nov 1, 2024

Pakistan - Artificial and Prepared Waxes of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Pakistan

The Pakistani polyethylene glycol wax market surged to $X in 2021, growing by 44% 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 recorded a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyethylene Glycol Wax Exports

Exports from Pakistan

In 2021, the amount of artificial and prepared waxes of polyethylene glycol exported from Pakistan rose notably to X tons, picking up by 13% on the previous year's figure. Over the period under review, exports, however, showed a sharp decline. The pace of growth was the most pronounced in 2017 when exports increased by 200% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax exports declined markedly to $X in 2021. Overall, exports, however, faced a sharp setback. The pace of growth was the most pronounced in 2017 with an increase of 200%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for polyethylene glycol wax exports from Pakistan, with a 88% share of total exports. Moreover, polyethylene glycol wax exports to the United Arab Emirates exceeded the volume sent to the second major destination, Spain (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +18.3%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Pakistan, comprising 74% of total exports. The second position in the ranking was taken by Spain ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +21.6%.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, waning by -54.2% against the previous year. Overall, the export price, however, showed a pronounced increase. The growth pace was the most rapid in 2014 when the average export price increased by 125%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.1%).

Polyethylene Glycol Wax Imports

Imports into Pakistan

In 2021, supplies from abroad of artificial and prepared waxes of polyethylene glycol increased by 64% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of polyethylene glycol wax to Pakistan, accounting for a 35% share of total imports. Moreover, polyethylene glycol wax imports from Belgium exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+54.8% per year) and China (+40.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Pakistan, comprising 35% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+45.5% per year) and Germany (-2.0% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, falling by -19% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial and prepared waxes of polyethylene glycol in the world?

China constituted the country with the largest volume of polyethylene glycol wax consumption, accounting for 25% of total volume. Moreover, polyethylene glycol wax consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the largest producers of artificial and prepared waxes of polyethylene glycol in the world?

The country with the largest volume of polyethylene glycol wax production was China, comprising approx. 24% of total volume. Moreover, polyethylene glycol wax production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The United States ranked third in terms of total production with an 11% share.

What are the leading suppliers of artificial and prepared waxes of polyethylene glycol to Pakistan?

In value terms, Belgium constituted the largest supplier of polyethylene glycol wax to Pakistan, comprising 38% of total imports. The second position in the ranking was occupied by Saudi Arabia, with a 16% share of total imports. It was followed by Germany, with a 12% share.

What is the average export price for artificial and prepared waxes of polyethylene glycol in Pakistan?

The average polyethylene glycol wax export price stood at $6,191 per ton in 2021, growing by 34% against the previous year.

What is the average import price for artificial and prepared waxes of polyethylene glycol in Pakistan?

The average polyethylene glycol wax import price stood at $1,993 per ton in 2021, falling by -2.4% against the previous year.

This report provides an in-depth analysis of the polyethylene glycol wax market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414270 - Artificial and prepared waxes of polyethylene glycol

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023