Report Update: May 1, 2024

Australia - Artificial And Prepared Waxes Of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends And Insights

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Polyethylene Glycol Wax Price in Australia - 2023

Polyethylene Glycol Wax Price in Australia (CIF) - 2022

In 2022, the average polyethylene glycol wax import price amounted to $2,652 per ton, jumping by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked at $2,717 per ton in 2018; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($14,214 per ton), while the price for Saudi Arabia ($1,365 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Polyethylene Glycol Wax Price in Australia (FOB) - 2022

In 2022, the average polyethylene glycol wax export price amounted to $1,138 per ton, with a decrease of -8.9% against the previous year. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 36%. Over the period under review, the average export prices hit record highs at $1,933 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($6,040 per ton), while the average price for exports to Thailand ($326 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 New Zealand (-2.2%), while the prices for the other major destinations experienced a decline.

Polyethylene Glycol Wax Imports in Australia

In 2022, purchases abroad of artificial and prepared waxes of polyethylene glycol decreased by -43.7% to 639 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a perceptible slump. The growth pace was the most rapid in 2020 when imports increased by 33%.

In value terms, polyethylene glycol wax imports shrank significantly to $1.7M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32%.

Import of Polyethylene Glycol Wax in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	330	754	831	401	6.7%
Thailand	238	287	361	398	18.7%
United States	148	387	191	240	17.5%
Saudi Arabia	42.7	33.9	171	150	52.0%
Italy	216	150	210	108	-20.6%
China	224	30.5	95.2	102	-23.1%
South Korea	236	260	304	102	-24.4%
Mexico	N/A	125	89.5	N/A	-28.4%
Others	160	72.1	111	193	6.5%
Total	1,594	2,100	2,362	1,694	2.0%

Top Suppliers of Polyethylene Glycol Wax to Australia in 2022:

Thailand (191.7 tons)
Germany (170.3 tons)
Saudi Arabia (110.2 tons)
China (44.6 tons)
United States (42.0 tons)
South Korea (40.2 tons)
Italy (28.6 tons)

Polyethylene Glycol Wax Exports in Australia

In 2022, the amount of artificial and prepared waxes of polyethylene glycol exported from Australia rose notably to 923 tons, increasing by 5.7% on 2021 figures. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, polyethylene glycol wax exports declined to $1.1M in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 77%.

Export of Polyethylene Glycol Wax in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	409	288	588	375	-2.9%
Vietnam	102	60.2	160	357	51.8%
Guinea	N/A	N/A	N/A	74.2	0%
Thailand	36.7	4.8	18.6	41.0	3.8%
Singapore	420	108	56.1	19.1	-64.3%
China	93.6	67.0	9.5	14.1	-46.8%
Mexico	N/A	N/A	29.7	13.1	-55.9%
India	N/A	N/A	26.8	N/A	0%
Others	181	87.7	202	157	-4.6%
Total	1,241	616	1,091	1,050	-5.4%

Top Export Markets for Polyethylene Glycol Wax from Australia in 2022:

Vietnam (636.2 tons)
Thailand (125.7 tons)
New Zealand (62.1 tons)
Mexico (21.2 tons)
China (21.2 tons)
Guinea (17.6 tons)
Singapore (1.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyethylene glycol wax market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414270 - Artificial and prepared waxes of polyethylene glycol

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023