EU: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in the EU

The EU polyethylene glycol wax market stood at $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyethylene Glycol Wax Production in the EU

In value terms, polyethylene glycol wax production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Polyethylene Glycol Wax Exports

Exports in the EU

In 2022, shipments abroad of artificial and prepared waxes of polyethylene glycol increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, polyethylene glycol wax exports soared to $X in 2022. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) and Germany (X tons) prevails in exports structure, together making up X% of total exports. France (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%).

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

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands lagged somewhat behind, comprising a further X%.

In terms of the main exporting countries, the Netherlands, 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 export price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while France ($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 other leaders experienced a decline in the export price figures.

Polyethylene Glycol Wax Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of artificial and prepared waxes of polyethylene glycol, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2022. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) represented roughly X% of total imports in 2022. Spain (X tons) held the next position in the ranking, followed by Belgium (X tons), Poland (X tons) and the Netherlands (X tons). All these countries together held near X% share of total imports.

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

In value terms, the largest polyethylene glycol wax importing markets in the European Union were France ($X), Italy ($X) and Germany ($X), together comprising X% of total imports. Spain, Poland, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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