Global Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size

The global polyethylene glycol wax market totaled $X in 2021, with an increase of 4.3% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Polyethylene Glycol Wax Production

In value terms, polyethylene glycol wax production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. Global production peaked at $X in 2020, and then fell modestly in the following year.

Polyethylene Glycol Wax Exports

Exports

In 2021, shipments abroad of artificial and prepared waxes of polyethylene glycol increased by 17% to X tons, rising for the fifth year in a row after two years of decline. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +116.7% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 44%. Over the period under review, the global exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, polyethylene glycol wax exports surged to $X in 2021. In general, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +118.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Korea (X tons) and Germany (X tons) represented the largest exporters of artificial and prepared waxes of polyethylene glycolin the world, together making up 52% of total exports. Belgium (X tons) ranks next in terms of the total exports with a 14% share, followed by Russia (14%) and China (4.9%). The following exporters - the Netherlands (X tons) and the United States (X tons) - together made up 5.7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +68.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, with a combined 64% share of global exports. China, Russia, the Netherlands and the United States lagged somewhat behind, together accounting for a further 24%.

Russia, with a CAGR of +59.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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 12% against the previous year. Over the period under review, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Russia ($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 (+2.2%), while the other global leaders experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported worldwide; jumping by 30% on 2020. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and India (X tons) represented the major importers of artificial and prepared waxes of polyethylene glycol in 2021, accounting for approx. 18% and 17% of total imports, respectively. China (X tons) ranks next in terms of the total imports with an 8.4% share, followed by France (6.1%), the United States (5.3%) and Vietnam (5.2%). Germany (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), the United Arab Emirates (X tons), Spain (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +87.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 37% of global imports. These countries were followed by France, the United States, Vietnam, Italy, Spain, Germany, Poland, the Netherlands, the UK and the United Arab Emirates, which together accounted for a further 43%.

The United Arab Emirates, with a CAGR of +66.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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, with an increase of 4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 6.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the United Arab Emirates ($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 (+4.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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