Uzbekistan: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Uzbekistan

The Uzbek polyethylene glycol wax market surged to $X in 2021, with an increase of 18% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 -10.9% against 2019 indices. Polyethylene glycol wax consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Polyethylene Glycol Wax Production in Uzbekistan

In value terms, polyethylene glycol wax production soared to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.7% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 36% against the previous year. Polyethylene glycol wax production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports from Uzbekistan

Polyethylene glycol wax exports from Uzbekistan surged to X tons in 2020, jumping by 200% against the year before. Overall, exports saw significant growth. 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 2020. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for polyethylene glycol wax exports from Uzbekistan, accounting for a approx. 100% share of total exports.

From 2019 to 2020, the average annual rate of growth in terms of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Uzbekistan.

From 2019 to 2020, the average annual growth rate of value to Chile was relatively modest.

Export Prices by Country

In 2020, the average polyethylene glycol wax export price amounted to $X per ton, shrinking by -37.6% against the previous year. Over the period under review, the export price showed a sharp curtailment. Over the period under review, the average export prices reached the maximum at $X per ton in 2019, and then fell dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2019 to 2020, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Polyethylene Glycol Wax Imports

Imports into Uzbekistan

For the fifth consecutive year, Uzbekistan recorded growth in overseas purchases of artificial and prepared waxes of polyethylene glycol, which increased by 824% to X tons in 2021. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax imports surged to $X in 2021. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of polyethylene glycol wax to Uzbekistan, with a 64% share of total imports. Moreover, polyethylene glycol wax imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 15% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +17,636.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+77.1% per year) and South Korea (+108.9% per year).

In value terms, Russia ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to Uzbekistan, comprising 56% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2017 to 2021, the average annual growth rate of value from Russia stood at +3,856.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+114.8% per year) and China (+74.6% per year).

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, with a decrease of -41.9% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 54%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+24.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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