Belgium: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Belgium

The Belgian polyethylene glycol wax market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated tangible growth 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 2019 indices. Polyethylene glycol wax consumption peaked in 2022 and is likely to see gradual growth in years to come.

Polyethylene Glycol Wax Production in Belgium

In value terms, polyethylene glycol wax production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Polyethylene Glycol Wax Exports

Exports from Belgium

In 2022, shipments abroad of artificial and prepared waxes of polyethylene glycol increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, polyethylene glycol wax exports skyrocketed to $X in 2022. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Italy (X tons) and Germany (X tons) were the main destinations of polyethylene glycol wax exports from Belgium, together comprising X% of total exports. The UK, Spain, the United States, Turkey, Saudi Arabia and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) were the largest markets for polyethylene glycol wax exported from Belgium worldwide, together comprising X% of total exports. The UK, Spain, the United States, Turkey, Saudi Arabia and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United States ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Belgium

Polyethylene glycol wax imports into Belgium surged to X tons in 2022, jumping by X% on the previous year's figure. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax imports surged to $X in 2022. Overall, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Singapore (X tons) and Germany (X tons) were the main suppliers of polyethylene glycol wax imports to Belgium, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol wax suppliers to Belgium were Singapore ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of X.4%, 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 average polyethylene glycol wax import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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