Global Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size

The global polyethylene glycol wax market expanded to $X in 2023, with an increase of X% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. Global consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Polyethylene Glycol Wax Production

In value terms, polyethylene glycol wax production stood at $X in 2023 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports

Global polyethylene glycol wax exports was estimated at X tons in 2023, remaining constant against the previous year's figure. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports failed to regain momentum.

In value terms, polyethylene glycol wax exports dropped modestly to $X in 2023. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2022, and then reduced modestly in the following year.

Exports by Country

In 2023, South Korea (X tons) was the main exporter of artificial and prepared waxes of polyethylene glycol, making up X% of total exports. Germany (X tons) held the second position in the ranking, followed by Belgium (X tons), China (X tons) and Russia (X tons). All these countries together held near X% share of total exports. The following exporters - the United States (X tons) and India (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to polyethylene glycol wax exports from South Korea stood at X%. At the same time, Russia (X%), China (X%), India (X%), Belgium (X%) and Germany (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, the United States (X%) illustrated a downward trend over the same period. South Korea (X p.p.), China (X p.p.), Russia (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the global exports, while the United States and Germany saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of global exports. China, Russia, the United States and India lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2023, the average polyethylene glycol wax export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports

In 2023, global imports of artificial and prepared waxes of polyethylene glycol totaled X tons, picking up by X% against the previous year's figure. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, global imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, polyethylene glycol wax imports dropped to $X in 2023. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Turkey (X tons) and India (X tons) represented the main importers of artificial and prepared waxes of polyethylene glycolin the world, together resulting at approx. X% of total imports. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the UK (X%). France (X tons), Vietnam (X tons), the United States (X tons), Germany (X tons), China (X tons), Spain (X tons), the United Arab Emirates (X tons), Poland (X tons) and Nigeria (X tons) took a little share of total imports.

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

In value terms, the largest polyethylene glycol wax importing markets worldwide were Turkey ($X), India ($X) and France ($X), together accounting for X% of global imports. Italy, China, the United States, the UK, Vietnam, Spain, Germany, Poland, Nigeria and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average polyethylene glycol wax import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Global import price peaked 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 China ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform