Waxes; Artificial, Prepared Price in Chile - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Chile (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Chile (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Chile
4. Waxes; Artificial, Prepared Exports in Chile

Waxes; Artificial, Prepared Price in Chile (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $2,703 per ton, surging by 22% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 47%. The import price peaked at $3,599 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($6,875 per ton), while the price for Indonesia ($1,396 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Chile (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $4,229 per ton, picking up by 3.7% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared export price increased by +52.4% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 38%. Over the period under review, the average export prices reached the maximum at $5,177 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($6,373 per ton), while the average price for exports to Spain ($2,325 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 Argentina (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Chile

In 2022, purchases abroad of waxes; artificial, prepared decreased by -13.9% to 5K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, imports reached the peak of 7.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, waxes; artificial, prepared imports rose rapidly to $14M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Indonesia (2880.8 tons)
2. Spain (840.1 tons)
3. United States (397.9 tons)
4. Germany (255.3 tons)
5. China (103.3 tons)
6. Brazil (99.6 tons)
7. Netherlands (80.2 tons)

Waxes; Artificial, Prepared Exports in Chile

In 2022, approx. 38 tons of waxes; artificial, prepared were exported from Chile; with a decrease of -61% on the previous year. In general, exports faced a precipitous slump. The smallest decline of -0.9% was in 2021.

In value terms, waxes; artificial, prepared exports dropped dramatically to $159K in 2022. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year.

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

1. Peru (9.8 tons)
2. Uruguay (7.7 tons)
3. Italy (6.7 tons)
4. Spain (4.6 tons)
5. Argentina (2.8 tons)
6. Brazil (2.1 tons)
7. Ecuador (2.0 tons)

Source: IndexBox Market Intelligence Platform