Waxes; Artificial, Prepared Price in Ireland - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Ireland (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Ireland (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Ireland
4. Waxes; Artificial, Prepared Exports in Ireland

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

In July 2023, the average waxes; artificial, prepared import price amounted to $4,549 per ton, shrinking by -13.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 33% month-to-month. As a result, import price attained the peak level of $5,246 per ton, and then contracted in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($7,555 per ton), while the price for Luxembourg ($4.0 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 France (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average waxes; artificial, prepared export price amounted to $6,464 per ton, rising by 3.5% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 118% against the previous year. The export price peaked at $18,780 per ton in 2012; however, from 2013 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 the United States ($69,070 per ton), while the average price for exports to Belgium ($3,280 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 the United States (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Ireland

In 2022, after two years of decline, there was significant growth in purchases abroad of waxes; artificial, prepared, when their volume increased by 16% to 3.1K tons. Over the period under review, imports, however, saw a deep contraction.

In value terms, waxes; artificial, prepared imports soared to $13M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (1433.1 tons)
2. Germany (571.8 tons)
3. France (516.9 tons)
4. United States (290.1 tons)
5. Netherlands (171.6 tons)
6. China (7.9 tons)

Waxes; Artificial, Prepared Exports in Ireland

After three years of growth, overseas shipments of waxes; artificial, prepared decreased by -71.7% to 18 tons in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 793%. As a result, the exports reached the peak of 64 tons, and then fell markedly in the following year.

In value terms, waxes; artificial, prepared exports fell rapidly to $116K in 2022. In general, exports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2021 when exports increased by 700% against the previous year. As a result, the exports reached the peak of $397K, and then dropped sharply in the following year.

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

1. United Kingdom (9.1 tons)
2. Germany (7.1 tons)
3. Belgium (0.9 tons)
4. United States (0.5 tons)
5. Thailand (0.4 tons)

Source: IndexBox Market Intelligence Platform