SADC: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in SADC

The SADC polyethylene glycol wax market reached $X in 2022, picking up by X% against the previous year. In general, consumption enjoyed a buoyant expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Polyethylene Glycol Wax Production in SADC

In value terms, polyethylene glycol wax production reached $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 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 SADC

In 2022, the amount of artificial and prepared waxes of polyethylene glycol exported in SADC declined markedly to X tons, which is down by X% against the year before. In general, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax exports fell sharply to $X in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the key exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Namibia (X tons), committing a X% share of total exports. Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to polyethylene glycol wax exports from South Africa stood at X%. At the same time, Namibia (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Namibia (X p.p.) and Swaziland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest polyethylene glycol wax supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with an X% share of total exports.

In South Africa, polyethylene glycol wax exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Swaziland (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 South Africa ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Polyethylene Glycol Wax Imports

Imports in SADC

In 2022, supplies from abroad of artificial and prepared waxes of polyethylene glycol increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, South Africa (X tons) represented the main importer of artificial and prepared waxes of polyethylene glycol, committing X% of total imports. Tanzania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (X%) and Madagascar (X%). Malawi (X tons), Angola (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to polyethylene glycol wax imports into South Africa stood at X%. At the same time, Madagascar (X%), Democratic Republic of the Congo (X%), Malawi (X%), Tanzania (X%), Zimbabwe (X%) and Angola (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of Democratic Republic of the Congo (X p.p.), Tanzania (X p.p.), Madagascar (X p.p.) and Malawi (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with an X% share.

In South Africa, polyethylene glycol wax imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :