Waxes; Artificial, Prepared Price in Austria - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Austria (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Austria (FOB) - 2023
3. Waxes; Artificial, Prepared Imports in Austria
4. Waxes; Artificial, Prepared Exports in Austria

Waxes; Artificial, Prepared Price in Austria (CIF) - 2023

The average waxes; artificial, prepared import price stood at $4,628 per ton in July 2023, surging by 19% against the previous month. Overall, the import price recorded moderate growth. The pace of growth was the most pronounced in March 2023 an increase of 230% month-to-month. As a result, import price reached the peak level of $12,162 per ton. From April 2023 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($6,412 per ton), while the price for Poland ($1,916 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Austria (FOB) - 2023

In July 2023, the average waxes; artificial, prepared export price amounted to $9,257 per ton, jumping by 34% against the previous month. Over the period under review, export price indicated a prominent expansion from July 2022 to July 2023: its price increased at an average monthly rate of +6.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, waxes; artificial, prepared export price decreased by -7.2% against May 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 73% month-to-month. As a result, the export price attained the peak level of $9,970 per ton. From June 2023 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($62,959 per ton), while the average price for exports to Bulgaria ($3,406 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Austria

After three years of growth, supplies from abroad of waxes; artificial, prepared decreased by -14.2% to 13K tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 6.6% against the previous year. As a result, imports attained the peak of 15K tons, and then reduced in the following year.

In value terms, waxes; artificial, prepared imports expanded significantly to $59M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Waxes; Artificial, Prepared to Austria in 2022:

1. Germany (5.7K tons)
2. China (2.6K tons)
3. Denmark (1.0K tons)
4. Poland (1.0K tons)
5. Italy (0.6K tons)
6. Uzbekistan (0.5K tons)
7. Netherlands (0.3K tons)
8. Slovenia (0.3K tons)
9. Turkey (0.2K tons)
10. Belgium (0.2K tons)
11. Switzerland (0.2K tons)

Waxes; Artificial, Prepared Exports in Austria

In 2022, approx. 1.2K tons of waxes; artificial, prepared were exported from Austria; which is down by -15.3% on 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 4.2% against the previous year.

In value terms, waxes; artificial, prepared exports dropped to $6.9M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of $7.4M, and then reduced in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Austria in 2022:

1. United Kingdom (139.9 tons)
2. Egypt (119.1 tons)
3. Czech Republic (102.7 tons)
4. United States (89.0 tons)
5. Germany (78.0 tons)
6. Hungary (69.8 tons)
7. Italy (67.1 tons)
8. Poland (54.2 tons)
9. Russia (52.6 tons)
10. Morocco (45.3 tons)
11. Serbia (43.9 tons)
12. South Africa (41.9 tons)
13. Turkey (34.0 tons)

Source: IndexBox Market Intelligence Platform