Peru: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Peru

The Peruvian polyethylene glycol wax market surged to $X in 2021, with an increase of 48% 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). Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.6% against 2019 indices. Polyethylene glycol wax consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports from Peru

For the fifth consecutive year, Peru recorded growth in overseas shipments of artificial and prepared waxes of polyethylene glycol, which increased by 790% to X tons in 2021. Overall, exports saw a significant 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 2021. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for polyethylene glycol wax exports from Peru, with a 72% share of total exports. Moreover, polyethylene glycol wax exports to Mexico exceeded the volume sent to the second major destination, Bolivia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+41.3% per year) and Aruba (0.0% per year).

In value terms, Bolivia ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Peru, comprising 69% of total exports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and Aruba (0.0% per year).

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, with a decrease of -55.7% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 53% 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Mexico ($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 Bolivia (-4.1%).

Polyethylene Glycol Wax Imports

Imports into Peru

In 2021, the amount of artificial and prepared waxes of polyethylene glycol imported into Peru soared to X tons, picking up by 55% against the year before. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 148% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 126% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Mexico (X tons) and Brazil (X tons) were the main suppliers of polyethylene glycol wax imports to Peru, with a combined 94% share of total imports. These countries were followed by the United States and China, which together accounted for a further 5.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +71.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Mexico ($X) and the United States ($X) constituted the largest polyethylene glycol wax suppliers to Peru, together comprising 88% of total imports. Brazil and China lagged somewhat behind, together accounting for a further 9.3%.

China, with a CAGR of +55.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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