GCC: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in GCC

After six years of growth, the GCC polyethylene glycol wax market decreased by X% to $X in 2022. Overall, consumption, however, recorded resilient growth. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Polyethylene Glycol Wax Production in GCC

In value terms, polyethylene glycol wax production fell to $X in 2022 estimated in export price. The total production indicated a notable 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports in GCC

After two years of decline, overseas shipments of artificial and prepared waxes of polyethylene glycol increased by X% to X tons in 2022. In general, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol wax exports surged to $X in 2022. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene glycol wax exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest polyethylene glycol wax supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, polyethylene glycol wax exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by X% against the previous year. Export price indicated a resilient increase 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 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 the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

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

Polyethylene Glycol Wax Imports

Imports in GCC

After five years of growth, supplies from abroad of artificial and prepared waxes of polyethylene glycol decreased by X% to X tons in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, polyethylene glycol wax imports expanded to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates dominates imports structure, recording X tons, which was near X% of total imports in 2022. Oman (X tons) held a minor share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the artificial and prepared waxes of polyethylene glycol imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the 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 Oman ($X per ton), while the United Arab Emirates totaled $X per ton.

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

Source: IndexBox Platform

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