Sweden: Polyethylene Glycol Wax Market 2022

Polyethylene Glycol Wax Market Size in Sweden

In 2021, the Swedish polyethylene glycol wax market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.3% against 2018 indices. Polyethylene glycol wax consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Production in Sweden

In value terms, polyethylene glycol wax production rose significantly to $X in 2021 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 92%. Polyethylene glycol wax production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Polyethylene Glycol Wax Exports

Exports from Sweden

In 2021, overseas shipments of artificial and prepared waxes of polyethylene glycol decreased by -56.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports faced a significant decrease. The growth pace was the most rapid in 2019 with an increase of 101%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol wax exports reduced dramatically to $X in 2021. Overall, exports showed a precipitous curtailment. The growth pace was the most rapid in 2019 when exports increased by 79%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Finland (X tons) was the main destination for polyethylene glycol wax exports from Sweden, accounting for a 55% share of total exports. Moreover, polyethylene glycol wax exports to Finland exceeded the volume sent to the second major destination, Denmark (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1.8% per year) and Norway (-42.9% per year).

In value terms, Finland ($X) emerged as the key foreign market for polyethylene glycol wax exports from Sweden, comprising 67% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports. It was followed by Norway, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Finland amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-2.1% per year) and Norway (-39.5% per year).

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, rising by 51% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into Sweden

Polyethylene glycol wax imports into Sweden expanded to X tons in 2021, increasing by 4.2% against 2020 figures. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 58% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, polyethylene glycol wax imports amounted to $X in 2021. Overall, imports, however, faced a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 47%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of polyethylene glycol wax to Sweden, accounting for a 91% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.5% per year) and Belgium (-5.7% per year).

In value terms, Germany ($X) constituted the largest supplier of polyethylene glycol wax to Sweden, comprising 82% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.5% per year) and Mexico (+11.5% per year).

Import Prices by Country

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, surging by 2.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 18%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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