Waxes; Artificial, Prepared Price in Argentina - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Argentina (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Argentina (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Argentina
4. Waxes; Artificial, Prepared Exports in Argentina

Waxes; Artificial, Prepared Price in Argentina (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $3,404 per ton, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was India ($5,279 per ton), while the price for Poland ($1,652 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Argentina (FOB) - 2022

The average waxes; artificial, prepared export price stood at $2,205 per ton in 2022, increasing by 2.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 84%. The export price peaked at $2,867 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($6,278 per ton), while the average price for exports to Brazil ($993 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 Ecuador (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Argentina

For the fourth consecutive year, Argentina recorded growth in overseas purchases of waxes; artificial, prepared, which increased by 12% to 6.5K tons in 2022. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports skyrocketed to $22M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Argentina in 2022:

1. Brazil (1341.3 tons)
2. China (1305.0 tons)
3. United States (793.7 tons)
4. Malaysia (710.4 tons)
5. Germany (708.4 tons)
6. Denmark (315.3 tons)
7. Mexico (253.9 tons)
8. Italy (178.9 tons)
9. Belgium (166.2 tons)
10. Poland (143.6 tons)
11. India (141.7 tons)
12. Spain (115.5 tons)

Waxes; Artificial, Prepared Exports in Argentina

In 2022, exports of waxes; artificial, prepared from Argentina surged to 536 tons, increasing by 96% compared with the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared exports skyrocketed to $1.2M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Argentina in 2022:

1. Brazil (391.9 tons)
2. Chile (87.2 tons)
3. Bolivia (24.5 tons)
4. Uruguay (22.9 tons)
5. Paraguay (9.5 tons)

Source: IndexBox Market Intelligence Platform