Latin America and the Caribbean: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Latin America and the Caribbean

In 2022, the Latin American polyethylene glycol wax market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a strong 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Polyethylene Glycol Wax Production in Latin America and the Caribbean

In value terms, polyethylene glycol wax production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Polyethylene Glycol Wax Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of artificial and prepared waxes of polyethylene glycol were exported in Latin America and the Caribbean; declining by X% against 2021 figures. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polyethylene glycol wax exports reduced slightly to $X in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico represented the largest exporter of artificial and prepared waxes of polyethylene glycol in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X tons), creating an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene glycol wax exports from Mexico stood at X%. Brazil (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest polyethylene glycol wax supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, polyethylene glycol wax exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Export price indicated a pronounced 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 decreased by X% against 2018 indices. The level of export peaked at $X per ton in 2018; however, from 2019 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 Brazil ($X per ton), while Mexico stood at $X per ton.

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

Polyethylene Glycol Wax Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of artificial and prepared waxes of polyethylene glycol increased by X% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, polyethylene glycol wax imports surged to $X in 2022. Total imports indicated measured growth 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which recorded X% of total imports. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%), Costa Rica (X%) and Peru (X%). Chile (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of artificial and prepared waxes of polyethylene glycol. At the same time, Peru (X%), Colombia (X%), Costa Rica (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Peru (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported artificial and prepared waxes of polyethylene glycol in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Costa Rica (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Costa Rica ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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