Waxes; Artificial, Prepared Price in the UK - 2023
Contents:
- Waxes; Artificial, Prepared Price in the UK (CIF) - 2023
- Waxes; Artificial, Prepared Price in the UK (FOB) - 2023
- Waxes; Artificial, Prepared Imports in the UK
- Waxes; Artificial, Prepared Exports in the UK
Waxes; Artificial, Prepared Price in the UK (CIF) - 2023
The average waxes; artificial, prepared import price stood at $2,618 per ton in June 2023, waning by -13.9% against the previous month. Overall, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in November 2022 an increase of 20% against the previous month. Over the period under review, average import prices hit record highs at $3,421 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,520 per ton), while the price for Poland ($1,359 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in the UK (FOB) - 2023
The average waxes; artificial, prepared export price stood at $4,772 per ton in June 2023, which is down by -6.2% against the previous month. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in November 2022 an increase of 31% m-o-m. As a result, the export price attained the peak level of $5,822 per ton. From December 2022 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($7,995 per ton), while the average price for exports to Turkey ($2,662 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in the UK
In 2022, purchases abroad of waxes; artificial, prepared increased by 37% to 46K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared imports soared to $131M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Waxes; Artificial, Prepared in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 27.4 | 26.8 | 35.3 | 46.9 | 19.6% |
| United States | 8.9 | 9.0 | 10.9 | 14.5 | 17.7% |
| France | 8.3 | 6.5 | 10.1 | 13.4 | 17.3% |
| Denmark | 11.6 | 10.1 | 8.3 | 13.1 | 4.1% |
| Belgium | 5.8 | 7.8 | 9.1 | 12.1 | 27.8% |
| Netherlands | 5.0 | 5.7 | 5.0 | 6.9 | 11.3% |
| Italy | 2.4 | 2.1 | 3.4 | 4.5 | 23.3% |
| China | 3.3 | 4.0 | 2.4 | 4.2 | 8.4% |
| Singapore | 2.4 | 1.6 | 1.6 | 2.4 | 0.0% |
| Hong Kong SAR | 2.6 | 2.2 | 0.1 | 2.2 | -5.4% |
| Poland | 1.5 | 0.8 | 1.4 | 1.8 | 6.3% |
| India | 1.1 | 0.6 | 1.0 | 1.3 | 5.7% |
| Others | 5.6 | 4.1 | 5.0 | 7.4 | 9.7% |
| Total | 85.7 | 81.4 | 93.8 | 131 | 15.2% |
Top Suppliers of Waxes; Artificial, Prepared to the UK in 2022:
- Germany (17.5K tons)
- Denmark (5.8K tons)
- France (5.8K tons)
- Belgium (3.4K tons)
- Netherlands (2.7K tons)
- United States (2.7K tons)
- Hong Kong SAR (1.6K tons)
- Italy (1.3K tons)
- China (1.2K tons)
- Poland (0.8K tons)
- Singapore (0.6K tons)
- India (0.6K tons)
Waxes; Artificial, Prepared Exports in the UK
In 2022, overseas shipments of waxes; artificial, prepared increased by 8.9% to 17K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a slight shrinkage.
In value terms, waxes; artificial, prepared exports soared to $82M in 2022. The total export value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Waxes; Artificial, Prepared in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 9.4 | 9.8 | 11.8 | 13.0 | 11.4% |
| United States | 2.7 | 3.8 | 7.8 | 8.6 | 47.1% |
| Germany | 8.8 | 7.3 | 7.9 | 8.6 | -0.8% |
| Netherlands | 2.5 | 3.1 | 4.6 | 5.1 | 26.8% |
| Italy | 5.5 | 4.5 | 3.7 | 4.9 | -3.8% |
| Ireland | 3.9 | 4.2 | 4.0 | 4.4 | 4.1% |
| Sweden | 3.3 | 3.0 | 3.9 | 4.3 | 9.2% |
| Australia | 0.6 | 0.6 | 3.2 | 3.5 | 80.0% |
| China | 4.7 | 1.8 | 2.1 | 3.1 | -13.0% |
| Belgium | 1.7 | 1.2 | 2.9 | 3.1 | 22.2% |
| Poland | 2.1 | 1.8 | 2.5 | 2.7 | 8.7% |
| Spain | 2.3 | 1.2 | 1.2 | 1.7 | -9.6% |
| India | 1.1 | 1.3 | 1.4 | 1.6 | 13.3% |
| Others | 14.5 | 11.8 | 13.3 | 16.7 | 4.8% |
| Total | 62.9 | 55.4 | 70.4 | 81.5 | 9.0% |
Top Export Markets for Waxes; Artificial, Prepared from the UK in 2022:
- France (3.2K tons)
- Germany (1.9K tons)
- Ireland (1.2K tons)
- Italy (1.1K tons)
- Netherlands (0.9K tons)
- Australia (0.8K tons)
- United States (0.8K tons)
- Sweden (0.7K tons)
- Spain (0.6K tons)
- Poland (0.5K tons)
- India (0.5K tons)
- China (0.5K tons)
- Belgium (0.5K tons)
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