Report Update Nov 1, 2024

United Arab Emirates - Artificial and Prepared Waxes of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends and Insights

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United Arab Emirates: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in the United Arab Emirates

The polyethylene glycol wax market in the United Arab Emirates surged to $X in 2021, growing by 15% 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 significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Polyethylene Glycol Wax Exports

Exports from the United Arab Emirates

After four years of growth, shipments abroad of artificial and prepared waxes of polyethylene glycol decreased by -46.6% to X tons in 2021. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 269%. The exports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, polyethylene glycol wax exports plummeted to $X in 2021. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 165% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X tons), Pakistan (X tons) and Oman (X tons) were the main destinations of polyethylene glycol wax exports from the United Arab Emirates, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +134.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Pakistan ($X) and Oman ($X) were the largest markets for polyethylene glycol wax exported from the United Arab Emirates worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Pakistan, with a CAGR of +95.0%, 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 mixed trend patterns.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, dropping by -17.3% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 88%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 Oman ($X per ton), while the average price for exports to Nigeria ($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 Iran (+42.6%), while the prices for the other major destinations experienced a decline.

Polyethylene Glycol Wax Imports

Imports into the United Arab Emirates

In 2021, the amount of artificial and prepared waxes of polyethylene glycol imported into the United Arab Emirates expanded notably to X tons, picking up by 12% on 2020 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 371% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, polyethylene glycol wax imports rose significantly to $X in 2021. In general, imports saw significant growth. The growth pace was the most rapid in 2018 when imports increased by 321%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) was the main supplier of polyethylene glycol wax to the United Arab Emirates, accounting for a 98% share of total imports. It was followed by Saudi Arabia (X tons), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +110.8%.

In value terms, South Korea ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to the United Arab Emirates, comprising 96% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +94.6%.

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 South Korea ($X per ton), while the price for Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of polyethylene glycol wax consumption was China, 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. India ranked third in terms of total consumption 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 third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of artificial and prepared waxes of polyethylene glycol to the United Arab Emirates?

In value terms, India constituted the largest supplier of polyethylene glycol wax to the United Arab Emirates, comprising 62% of total imports. The second position in the ranking was occupied by the United States, with a 26% share of total imports. It was followed by Turkey, with a 6.3% share.

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

The average polyethylene glycol wax export price stood at $2,504 per ton in 2021, declining by -24.1% against the previous year.

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

In 2021, the average polyethylene glycol wax import price amounted to $2,065 per ton, with an increase of 65% against the previous year.

This report provides an in-depth analysis of the polyethylene glycol wax market in the United Arab Emirates. 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:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
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