China: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in China

In 2022, the Chinese polyethylene glycol wax market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, the total consumption indicated a resilient 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 decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Polyethylene Glycol Wax Production in China

In value terms, polyethylene glycol wax production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Polyethylene Glycol Wax Exports

Exports from China

In 2022, approx. X tons of artificial and prepared waxes of polyethylene glycol were exported from China; growing by X% compared with the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked 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 significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% 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.

Exports by Country

The UK (X tons), Vietnam (X tons) and Ireland (X tons) were the main destinations of polyethylene glycol wax exports from China, together accounting for X% of total exports.

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

In value terms, the largest markets for polyethylene glycol wax exported from China were the United States ($X), the UK ($X) and Germany ($X), with a combined X% share of total exports. Vietnam, Ireland, Spain, Japan, India, Indonesia, Brazil, Turkey, Italy and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Japan, with a CAGR of X%, recorded 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, waning by X% against the previous year. Over the period under review, the export price, however, saw modest growth. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into China

In 2022, the amount of artificial and prepared waxes of polyethylene glycol imported into China dropped notably to X tons, declining by X% against the previous year's figure. In general, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, polyethylene glycol wax imports totaled $X in 2022. Overall, total imports 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, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

South Korea (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of polyethylene glycol wax imports to China, together comprising X% of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to China, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average polyethylene glycol wax import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price 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, polyethylene glycol wax import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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