Waxes; Artificial, Prepared Price in Spain - 2023
Contents:
- Waxes; Artificial, Prepared Price in Spain (CIF) - 2022
- Waxes; Artificial, Prepared Price in Spain (FOB) - 2022
- Waxes; Artificial, Prepared Imports in Spain
- Waxes; Artificial, Prepared Exports in Spain
Waxes; Artificial, Prepared Price in Spain (CIF) - 2022
In 2022, the average waxes; artificial, prepared import price amounted to $2,813 per ton, growing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($4,685 per ton), while the price for Portugal ($899 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Spain (FOB) - 2022
The average waxes; artificial, prepared export price stood at $2,821 per ton in 2022, jumping by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,927 per ton), while the average price for exports to France ($1,705 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 Mexico (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Spain
For the fourth year in a row, Spain recorded growth in purchases abroad of waxes; artificial, prepared, which increased by 1.6% to 51K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, waxes; artificial, prepared imports surged to $144M in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 39%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Waxes; Artificial, Prepared in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.5 | 34.4 | 44.4 | 46.7 | 17.9% |
| China | 5.0 | 5.1 | 16.0 | 25.0 | 71.0% |
| Denmark | 8.5 | 11.0 | 12.4 | 12.2 | 12.8% |
| United States | 6.2 | 5.5 | 5.4 | 8.2 | 9.8% |
| Belgium | 3.5 | 2.4 | 4.4 | 7.3 | 27.8% |
| Portugal | 1.2 | 1.5 | 5.3 | 6.6 | 76.5% |
| India | 1.0 | 1.7 | 2.4 | 5.9 | 80.7% |
| Italy | 3.2 | 2.8 | 5.9 | 5.1 | 16.8% |
| South Korea | 1.6 | 1.3 | 1.0 | 4.7 | 43.2% |
| Netherlands | 2.0 | 3.3 | 3.1 | 4.0 | 26.0% |
| Russia | 1.5 | N/A | 4.8 | 2.8 | 23.1% |
| Thailand | 0.9 | 1.3 | 0.5 | 1.9 | 28.3% |
| Indonesia | 0.3 | 0.4 | 0.6 | 1.5 | 71.0% |
| Others | 12.0 | 13.8 | 11.3 | 12.2 | 0.6% |
| Total | 75.4 | 84.4 | 118 | 144 | 24.1% |
Top Suppliers of Waxes; Artificial, Prepared to Spain in 2022:
- Germany (11.8K tons)
- China (9.2K tons)
- Portugal (7.3K tons)
- Italy (5.6K tons)
- Denmark (2.6K tons)
- South Korea (2.1K tons)
- United States (2.0K tons)
- Belgium (2.0K tons)
- India (1.7K tons)
- Russia (1.5K tons)
- Netherlands (1.0K tons)
- Indonesia (0.8K tons)
- Thailand (0.8K tons)
Waxes; Artificial, Prepared Exports in Spain
For the fourth consecutive year, Spain recorded growth in shipments abroad of waxes; artificial, prepared, which increased by 0.2% to 34K tons in 2022. The total export volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, waxes; artificial, prepared exports skyrocketed to $96M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Waxes; Artificial, Prepared in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 1.4 | 1.6 | 5.0 | 16.5 | 127.6% |
| France | 6.4 | 6.1 | 7.4 | 7.5 | 5.4% |
| Italy | 4.9 | 4.6 | 4.6 | 5.8 | 5.8% |
| Egypt | 4.5 | 4.1 | 4.7 | 5.3 | 5.6% |
| Portugal | 2.5 | 2.9 | 4.1 | 4.7 | 23.4% |
| Chile | 1.2 | 2.1 | 3.4 | 4.1 | 50.6% |
| China | 2.2 | 1.2 | 2.5 | 3.9 | 21.0% |
| South Africa | 1.2 | 1.4 | 2.3 | 3.0 | 35.7% |
| India | 1.3 | 0.9 | 4.3 | 2.8 | 29.1% |
| Mexico | 0.6 | 0.5 | 1.0 | 2.7 | 65.1% |
| Colombia | 2.3 | 0.7 | 1.2 | 2.5 | 2.8% |
| Morocco | 1.6 | 1.0 | 1.4 | 1.9 | 5.9% |
| Turkey | 1.1 | 1.5 | 1.5 | 1.8 | 17.8% |
| Others | 19.0 | 18.7 | 27.5 | 33.1 | 20.3% |
| Total | 50.2 | 47.4 | 71.1 | 95.7 | 24.0% |
Top Export Markets for Waxes; Artificial, Prepared from Spain in 2022:
- Peru (5.3K tons)
- France (4.4K tons)
- Egypt (2.7K tons)
- Italy (2.0K tons)
- Chile (1.6K tons)
- Portugal (1.5K tons)
- South Africa (1.3K tons)
- India (1.2K tons)
- China (1.0K tons)
- Mexico (0.9K tons)
- Turkey (0.8K tons)
- Morocco (0.8K tons)
- Colombia (0.7K tons)
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