Poland: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Poland

In 2021, the Polish polyethylene glycol wax market increased by 20% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Polyethylene Glycol Wax Production in Poland

In value terms, polyethylene glycol wax production soared to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 50%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports from Poland

Polyethylene glycol wax exports from Poland soared to X tons in 2021, growing by 1,238% compared with the year before. Over the period under review, exports saw significant growth. As a result, the exports reached 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 continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Romania (X tons) were the main destinations of polyethylene glycol wax exports from Poland, with a combined 73% share of total exports. Belgium, Spain and Russia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +67,058.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol wax exported from Poland were Italy ($X), Germany ($X) and Romania ($X), together comprising 73% of total exports. Spain, Belgium and Russia lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Belgium, with a CAGR of +31,894.7%, saw 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

The average polyethylene glycol wax export price stood at $X per ton in 2021, falling by -7.8% against the previous year. Overall, the export price showed a mild descent. The pace of growth was the most pronounced in 2016 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average 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 Russia ($X per ton), while the average price for exports to Romania ($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 Italy (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Poland

For the third consecutive year, Poland recorded growth in supplies from abroad of artificial and prepared waxes of polyethylene glycol, which increased by 6.8% to X tons in 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 120% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol wax imports surged to $X in 2021. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 87%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyethylene glycol wax to Poland, with a 57% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+310.3% per year) and the Netherlands (+96.9% per year).

In value terms, Germany ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Poland, comprising 61% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+87.5% per year) and Lithuania (+304.2% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2021, increasing by 23% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. Over the period under review, average import prices hit record highs 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 the Netherlands ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+53.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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