Asia: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Asia

For the seventh year in a row, the Asian polyethylene glycol wax market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Polyethylene Glycol Wax Production in Asia

In value terms, polyethylene glycol wax production rose to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Polyethylene Glycol Wax Exports

Exports in Asia

In 2022, after six years of growth, there was significant decline in shipments abroad of artificial and prepared waxes of polyethylene glycol, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, polyethylene glycol wax exports contracted slightly to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

South Korea dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), mixing up a X% share of total exports. India (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total exports.

Exports from South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Korea ($X) remains the largest polyethylene glycol wax supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: China (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Polyethylene Glycol Wax Imports

Imports in Asia

Polyethylene glycol wax imports amounted to X tons in 2022, picking up by X% compared with 2021. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2022. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons) and India (X tons) represented roughly X% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%) and the United Arab Emirates (X%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol wax importing markets in Asia were Turkey ($X), India ($X) and China ($X), with a combined X% share of total imports. Vietnam, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a mild slump. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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