Singapore: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Singapore

The Singaporean polyethylene glycol wax market contracted notably to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, enjoyed a perceptible increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Production in Singapore

In value terms, polyethylene glycol wax production surged to $X in 2022 estimated in export price. Overall, production posted a significant increase. Polyethylene glycol wax production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Polyethylene Glycol Wax Exports

Exports from Singapore

In 2022, approx. X tons of artificial and prepared waxes of polyethylene glycol were exported from Singapore; waning by X% on the year before. In general, exports showed a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene glycol wax exports dropped significantly to $X in 2022. Over the period under review, exports, however, posted tangible growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for polyethylene glycol wax exports from Singapore, accounting for a X% share of total exports. Moreover, polyethylene glycol wax exports to Malaysia exceeded the volume sent to the second major destination, Brazil (X tons), sixfold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and South Korea (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average polyethylene glycol wax export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed measured growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Singapore

In 2022, the amount of artificial and prepared waxes of polyethylene glycol imported into Singapore contracted rapidly to X tons, with a decrease of X% compared with the previous year. In general, imports showed a mild downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, polyethylene glycol wax imports contracted markedly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

Thailand (X tons), India (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyethylene glycol wax imports to Singapore, together accounting for X% of total imports.

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

In value terms, the largest polyethylene glycol wax suppliers to Singapore were India ($X), Thailand ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. China, Malaysia, South Korea, Japan and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price saw a slight expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($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 Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :