Waxes; Artificial, Prepared Price in Greece - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Greece (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Greece (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Greece
4. Waxes; Artificial, Prepared Exports in Greece

Waxes; Artificial, Prepared Price in Greece (CIF) - 2023

In July 2023, the average waxes; artificial, prepared import price amounted to $3,490 per ton, waning by -11.4% against the previous month. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in April 2023 an increase of 26% against the previous month. As a result, import price attained the peak level of $4,476 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($15,809 per ton), while the price for Bulgaria ($1,031 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average waxes; artificial, prepared export price stood at $3,793 per ton in 2022, rising by 23% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. As a result, the export price reached the peak level of $4,716 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($6,347 per ton), while the average price for exports to Hungary ($1,653 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 Nigeria (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Greece

For the fourth consecutive year, Greece recorded growth in purchases abroad of waxes; artificial, prepared, which increased by 4.8% to 3.3K tons in 2022. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 7.3%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, waxes; artificial, prepared imports surged to $15M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (676.9 tons)
2. Denmark (506.7 tons)
3. Italy (464.6 tons)
4. Belgium (303.3 tons)
5. Malaysia (244.7 tons)
6. Slovenia (233.8 tons)
7. Spain (203.3 tons)
8. Netherlands (191.9 tons)
9. Poland (93.4 tons)

Waxes; Artificial, Prepared Exports in Greece

For the fourth year in a row, Greece recorded growth in shipments abroad of waxes; artificial, prepared, which increased by 5.2% to 458 tons in 2022. The total export volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, waxes; artificial, prepared exports soared to $1.7M in 2022. The total export value increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Bulgaria (116.1 tons)
2. Nigeria (84.2 tons)
3. Cyprus (50.6 tons)
4. Albania (44.5 tons)
5. Serbia (39.7 tons)
6. Israel (23.6 tons)
7. Hungary (23.3 tons)
8. Romania (14.2 tons)
9. North Macedonia (8.6 tons)

Source: IndexBox Market Intelligence Platform