EU: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in the EU

The EU polyethylene glycol wax market expanded significantly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the near future.

Polyethylene Glycol Wax Production in the EU

In value terms, polyethylene glycol wax production expanded to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Polyethylene Glycol Wax Exports

Exports in the EU

In 2023, after five years of growth, there was significant decline in overseas shipments of artificial and prepared waxes of polyethylene glycol, when their volume decreased by X% to X tons. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then shrank markedly in the following year.

In value terms, polyethylene glycol wax exports contracted to $X in 2023. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Germany (X tons) and Belgium (X tons) prevails in exports structure, together making up X% of total exports. It was distantly followed by France (X tons), generating a X% share of total exports. The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest polyethylene glycol wax supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, 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 Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Polyethylene Glycol Wax Imports

Imports in the EU

In 2023, overseas purchases of artificial and prepared waxes of polyethylene glycol decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, polyethylene glycol wax imports shrank slightly to $X in 2023. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2023, Italy (X tons), France (X tons), Germany (X tons) and Spain (X tons) represented the main importer of artificial and prepared waxes of polyethylene glycol in the European Union, mixing up X% of total import. Poland (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%). The Netherlands (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol wax importing markets in the European Union were France ($X), Italy ($X) and Spain ($X), together comprising X% of total imports.

Spain, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform