Waxes; Artificial, Prepared Price in Luxembourg - 2023

Contents:

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

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

The average waxes; artificial, prepared import price stood at $8,585 per ton in July 2023, jumping by 251% against the previous month. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached 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 July 2023, the country with the highest price was Italy ($14,608 per ton), while the price for Germany ($5,654 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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average waxes; artificial, prepared export price stood at $4,495 per ton in 2022, declining by -17.3% against the previous year. Over the period under review, the export price recorded a significant decline. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. Over the period under review, the average export prices reached the maximum at $52,428 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($8,827 per ton), while the average price for exports to the United Arab Emirates ($3,242 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 the Czech Republic (+90.6%), while the prices for the other major destinations experienced mixed trend patterns.

Waxes; Artificial, Prepared Imports in Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas purchases of waxes; artificial, prepared, which decreased by -32.8% to 213 tons in 2022. In general, imports faced a deep reduction. The smallest decline of -4.8% was in 2020.

In value terms, waxes; artificial, prepared imports contracted to $1.1M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of $1.3M, and then dropped in the following year.

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

1. Germany (119.8 tons)
2. Belgium (46.7 tons)
3. France (23.1 tons)
4. Netherlands (12.2 tons)
5. Poland (7.7 tons)

Waxes; Artificial, Prepared Exports in Luxembourg

In 2022, exports of waxes; artificial, prepared from Luxembourg surged to 20 tons, increasing by 29% against the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, waxes; artificial, prepared exports expanded significantly to $90K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 53%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Italy (5.0 tons)
2. Germany (4.0 tons)
3. United Arab Emirates (3.3 tons)
4. United Kingdom (3.0 tons)
5. France (2.4 tons)
6. Belgium (0.9 tons)
7. Hong Kong SAR (0.6 tons)

Source: IndexBox Market Intelligence Platform