Spain: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Spain

For the fifth year in a row, the Spanish polyethylene glycol wax market recorded growth in sales value, which increased by 11% to $X in 2021. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Polyethylene Glycol Wax Production in Spain

In value terms, polyethylene glycol wax production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible reduction. Polyethylene glycol wax production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Polyethylene Glycol Wax Exports

Exports from Spain

In 2021, shipments abroad of artificial and prepared waxes of polyethylene glycol decreased by -2.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a slight decline. The growth pace was the most rapid in 2014 with an increase of 136% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene glycol wax exports soared to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 102% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tons), France (X tons) and Germany (X tons) were the main destinations of polyethylene glycol wax exports from Spain, together accounting for 55% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +107.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Algeria ($X) constituted the largest markets for polyethylene glycol wax exported from Spain worldwide, with a combined 53% share of total exports. Germany, Slovakia, Italy, Hungary, Argentina, Morocco and Egypt lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Germany, with a CAGR of +100.7%, recorded the highest growth rate of 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, rising by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Germany ($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 Argentina (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Spain

In 2021, after four years of growth, there was significant decline in overseas purchases of artificial and prepared waxes of polyethylene glycol, when their volume decreased by -7.5% to X tons. In general, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 60%. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell in the following year.

In value terms, polyethylene glycol wax imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Russia (X tons) and Denmark (X tons) were the main suppliers of polyethylene glycol wax imports to Spain, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +110.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and Russia ($X) were the largest polyethylene glycol wax suppliers to Spain, with a combined 87% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +124.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, increasing by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Denmark ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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