Slovakia: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Slovakia

The Slovak polyethylene glycol wax market dropped to $X in 2021, with a decrease of -8.2% 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, consumption showed a relatively flat trend pattern. Polyethylene glycol wax consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from Slovakia

In 2021, polyethylene glycol wax exports from Slovakia reduced dramatically to X kg, shrinking by -60.4% compared with 2020. Over the period under review, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,491% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, polyethylene glycol wax exports fell significantly to $X in 2021. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 419%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

The Czech Republic (X kg) was the main destination for polyethylene glycol wax exports from Slovakia, with a 71% share of total exports. Moreover, polyethylene glycol wax exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +9.9%.

In value terms, the Czech Republic ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Slovakia, comprising 70% of total exports. The second position in the ranking was taken by Hungary ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to +22.9%.

Export Prices by Country

In 2021, the average polyethylene glycol wax export price amounted to $X per ton, growing by 6.4% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 168% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Czech Republic stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+11.8%), while the prices for the other major destinations experienced a decline.

Polyethylene Glycol Wax Imports

Imports into Slovakia

In 2021, the amount of artificial and prepared waxes of polyethylene glycol imported into Slovakia totaled X tons, approximately equating the previous year. In general, imports, however, continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, polyethylene glycol wax imports shrank to $X in 2021. Over the period under review, imports posted mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 116%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest polyethylene glycol wax supplier to Slovakia, with a 64% share of total imports. Moreover, polyethylene glycol wax imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.0% per year) and Germany (-26.9% per year).

In value terms, India ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Slovakia, comprising 62% of total imports. The second position in the ranking was held by Spain ($X), with a 25% share of total imports. It was followed by the Czech Republic, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.1% per year) and the Czech Republic (+25.6% per year).

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, waning by -13.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 22%. As a result, import price attained the peak level of $X per ton, and then contracted 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 the Czech Republic ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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