Argentina: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Argentina

In 2022, the Argentinian polyethylene glycol wax market increased by X% to $X, rising for the fifth consecutive year after two years of decline. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Polyethylene glycol wax consumption peaked in 2022 and is likely to see steady growth in the near future.

Polyethylene Glycol Wax Exports

Exports from Argentina

In 2022, approx. X tons of artificial and prepared waxes of polyethylene glycol were exported from Argentina; waning by X% on the previous year's figure. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax exports dropped markedly to $X in 2022. Overall, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X kg), Bolivia (X kg) and Costa Rica (X kg) were the main destinations of polyethylene glycol wax exports from Argentina, with a combined X% share of total exports. Chile and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Paraguay ($X), Costa Rica ($X) and Bolivia ($X) constituted the largest markets for polyethylene glycol wax exported from Argentina worldwide, with a combined X% share of total exports.

Among the main countries of destination, Bolivia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Polyethylene Glycol Wax Imports

Imports into Argentina

In 2022, overseas purchases of artificial and prepared waxes of polyethylene glycol decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polyethylene glycol wax imports surged to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X tons), Brazil (X tons) and India (X tons) were the main suppliers of polyethylene glycol wax imports to Argentina, together comprising X% of total imports. China, the United States and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), India ($X) and Mexico ($X) appeared to be the largest polyethylene glycol wax suppliers to Argentina, together accounting for X% of total imports. China, the United States and Germany lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyethylene glycol wax import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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