Eastern Europe: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Eastern Europe

After two years of growth, the East European polyethylene glycol wax market decreased by X% to $X in 2022. 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. Over the period under review, the market attained the peak level at $X in 2021, and then fell modestly in the following year.

Polyethylene Glycol Wax Production in Eastern Europe

In value terms, polyethylene glycol wax production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports in Eastern Europe

In 2022, shipments abroad of artificial and prepared waxes of polyethylene glycol decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then plummeted in the following year.

In value terms, polyethylene glycol wax exports reduced sharply to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Poland (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Russia (X p.p.) and Poland (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest polyethylene glycol wax supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Polyethylene Glycol Wax Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in supplies from abroad of artificial and prepared waxes of polyethylene glycol, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, polyethylene glycol wax imports fell to $X in 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Poland (X tons) was the largest importer of artificial and prepared waxes of polyethylene glycol, committing X% of total imports. Russia (X tons) took the second position in the ranking, followed by the Czech Republic (X tons) and Bulgaria (X tons). All these countries together took approx. X% share of total imports. The following importers - Hungary (X tons) and Slovakia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene glycol wax imports into Poland stood at X%. At the same time, Bulgaria (X%), Russia (X%), the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Bulgaria and Russia increased by X, X and X percentage points, respectively.

In value terms, Poland ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

In Poland, polyethylene glycol wax imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :