Waxes; Artificial, Prepared Price in Australia - 2023
Contents:
- Waxes; Artificial, Prepared Price in Australia (CIF) - 2022
- Waxes; Artificial, Prepared Price in Australia (FOB) - 2023
- Waxes; Artificial, Prepared Imports in Australia
- Waxes; Artificial, Prepared Exports in Australia
Waxes; Artificial, Prepared Price in Australia (CIF) - 2022
The average waxes; artificial, prepared import price stood at $4,021 per ton in 2022, rising by 23% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared import price increased by +36.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,258 per ton), while the price for South Africa ($2,241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Australia (FOB) - 2023
The average waxes; artificial, prepared export price stood at $1,406 per ton in July 2023, reducing by -35.1% against the previous month. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in November 2022 an increase of 273% against the previous month. As a result, the export price reached the peak level of $6,931 per ton. From December 2022 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the UK ($23,967 per ton), while the average price for exports to Thailand ($365 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
Waxes; Artificial, Prepared Imports in Australia
After three years of growth, overseas purchases of waxes; artificial, prepared decreased by -2.6% to 8.2K tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports attained the peak of 8.4K tons, and then reduced modestly in the following year.
In value terms, waxes; artificial, prepared imports surged to $33M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Waxes; Artificial, Prepared in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.9 | 6.2 | 6.9 | 8.2 | 18.7% |
China | 3.7 | 4.3 | 6.7 | 8.0 | 29.3% |
United Kingdom | 0.8 | 0.3 | 2.4 | 2.9 | 53.6% |
Germany | 1.6 | 1.9 | 2.5 | 2.9 | 21.9% |
Thailand | 1.0 | 1.0 | 1.5 | 1.8 | 21.6% |
Singapore | 0.8 | 0.8 | 1.2 | 1.4 | 20.5% |
Malaysia | 0.4 | 0.4 | 1.2 | 1.4 | 51.8% |
South Korea | 0.8 | 0.8 | 1.1 | 1.3 | 17.6% |
Saudi Arabia | 1.0 | 0.7 | 0.4 | 0.8 | -7.2% |
Others | 2.1 | 2.8 | 3.5 | 4.4 | 28.0% |
Total | 17.1 | 19.2 | 27.5 | 33.0 | 24.5% |
Top Suppliers of Waxes; Artificial, Prepared to Australia in 2022:
- China (2527.3 tons)
- United States (1303.2 tons)
- Thailand (740.2 tons)
- Germany (671.6 tons)
- Malaysia (551.7 tons)
- South Korea (517.4 tons)
- United Kingdom (497.2 tons)
- Saudi Arabia (327.6 tons)
- Singapore (251.2 tons)
Waxes; Artificial, Prepared Exports in Australia
In 2022, the amount of waxes; artificial, prepared exported from Australia surged to 1.5K tons, picking up by 25% compared with 2021. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared exports surged to $4.8M in 2022. Over the period under review, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Waxes; Artificial, Prepared in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 1,258 | 1,113 | 1,652 | 1,936 | 15.5% |
United Kingdom | 1,235 | 948 | 1,121 | 1,314 | 2.1% |
United States | 573 | 145 | 325 | 401 | -11.2% |
Singapore | 436 | 123 | 79.1 | 246 | -17.4% |
Vietnam | 114 | 72.6 | 169 | 199 | 20.4% |
China | 110 | 67.6 | 98.2 | 115 | 1.5% |
Thailand | 57.8 | 12.4 | 34.4 | 40.2 | -11.4% |
Others | 693 | 414 | 637 | 594 | -5.0% |
Total | 4,478 | 2,896 | 4,117 | 4,845 | 2.7% |
Top Export Markets for Waxes; Artificial, Prepared from Australia in 2022:
- Vietnam (451.4 tons)
- New Zealand (354.9 tons)
- United States (213.1 tons)
- China (180.3 tons)
- United Kingdom (162.0 tons)
- Thailand (56.4 tons)
- Singapore (29.3 tons)
This report provides an in-depth analysis of the polyethylene glycol wax market in Australia.
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This report provides an in-depth analysis of the polyethylene glycol wax market in Australia.
This report provides an in-depth analysis of the global polyethylene glycol wax market.
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In value terms, artificial, prepared waxes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicate...