Waxes; Artificial, Prepared Price in the Netherlands - 2023
Contents:
- Waxes; Artificial, Prepared Price in the Netherlands (FOB) - 2023
- Waxes; Artificial, Prepared Price in the Netherlands (CIF) - 2023
- Waxes; Artificial, Prepared Exports in the Netherlands
- Waxes; Artificial, Prepared Imports in the Netherlands
Waxes; Artificial, Prepared Price in the Netherlands (FOB) - 2023
In July 2023, the average waxes; artificial, prepared export price amounted to $4,283 per ton, rising by 3.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 14% against the previous month. As a result, the export price reached the peak level of $4,429 per ton. From June 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($6,297 per ton), while the average price for exports to Belgium ($3,798 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 Denmark (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in the Netherlands (CIF) - 2023
The average waxes; artificial, prepared import price stood at $4,528 per ton in July 2023, rising by 14% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in December 2022 an increase of 24% against the previous month. Over the period under review, average import prices hit record highs in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($7,013 per ton), while the price for South Korea ($2,502 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 Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Exports in the Netherlands
In 2022, after three years of growth, there was significant decline in shipments abroad of waxes; artificial, prepared, when their volume decreased by -13.3% to 53K tons. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 62K tons, and then contracted in the following year.
In value terms, waxes; artificial, prepared exports rose significantly to $209M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Waxes; Artificial, Prepared in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 30.2 | 33.9 | 47.3 | 54.2 | 21.5% |
| United Kingdom | 8.9 | 13.1 | 22.1 | 23.5 | 38.2% |
| France | 16.2 | 16.3 | 19.6 | 22.6 | 11.7% |
| Italy | 8.8 | 12.7 | 19.2 | 19.4 | 30.1% |
| Belgium | 13.6 | 12.8 | N/A | 15.8 | 5.1% |
| Spain | 2.6 | 6.5 | 10.2 | 8.2 | 46.6% |
| Denmark | 3.0 | 3.1 | 8.1 | 6.8 | 31.4% |
| Turkey | 3.5 | 3.7 | 4.6 | 5.8 | 18.3% |
| Poland | 4.0 | 4.7 | 8.2 | 5.4 | 10.5% |
| United States | 4.8 | 3.7 | 2.1 | 3.6 | -9.1% |
| Others | 29.2 | 31.1 | 44.7 | 43.7 | 14.4% |
| Total | 125 | 141 | 186 | 209 | 18.7% |
Top Export Markets for Waxes; Artificial, Prepared from the Netherlands in 2022:
- Germany (13.1K tons)
- United Kingdom (7.3K tons)
- Italy (6.3K tons)
- France (4.9K tons)
- Belgium (3.9K tons)
- Poland (2.5K tons)
- Spain (2.5K tons)
- Denmark (1.8K tons)
- Turkey (1.6K tons)
- United States (0.5K tons)
Waxes; Artificial, Prepared Imports in the Netherlands
In 2022, purchases abroad of waxes; artificial, prepared decreased by -10.6% to 54K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +7.3% 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 2020 with an increase of 47% against the previous year. As a result, imports reached the peak of 64K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, waxes; artificial, prepared imports soared to $193M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.4% 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 +70.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Waxes; Artificial, Prepared in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.6 | 20.4 | 23.7 | 28.3 | 19.5% |
| Germany | 22.5 | 27.3 | 30.6 | 26.7 | 5.9% |
| Malaysia | 9.9 | 9.9 | 11.9 | 18.8 | 23.8% |
| Denmark | 11.3 | 10.8 | 12.4 | 15.8 | 11.8% |
| Belgium | 23.3 | 29.0 | 22.7 | 15.8 | -12.1% |
| United Kingdom | 5.2 | 12.2 | 6.9 | 12.3 | 33.2% |
| China | 4.5 | 5.0 | 6.8 | 9.7 | 29.2% |
| Italy | 3.4 | 8.3 | 5.2 | 9.5 | 40.8% |
| France | 7.5 | 9.2 | 8.1 | 9.1 | 6.7% |
| Russia | 0.9 | 7.8 | 13.9 | 6.4 | 92.3% |
| Belarus | N/A | N/A | 0.7 | 2.6 | 271.4% |
| Others | 8.7 | 12.5 | 18.6 | 38.4 | 64.0% |
| Total | 114 | 152 | 161 | 193 | 19.2% |
Top Suppliers of Waxes; Artificial, Prepared to the Netherlands in 2022:
- Germany (9.0K tons)
- United States (5.8K tons)
- Malaysia (5.5K tons)
- Belarus (4.3K tons)
- Denmark (4.3K tons)
- Belgium (3.9K tons)
- Italy (3.3K tons)
- Russia (3.2K tons)
- France (2.6K tons)
- China (2.5K tons)
- United Kingdom (2.2K tons)
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