Waxes; Artificial, Prepared Price in Uzbekistan - 2023

Contents:

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

Waxes; Artificial, Prepared Price in Uzbekistan (FOB) - 2023

In May 2023, the average waxes; artificial, prepared export price amounted to $1,132 per ton, rising by 13% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 21% against the previous month. Over the period under review, the average export prices reached the maximum at $1,206 per ton in August 2022; however, from September 2022 to May 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($2,322 per ton), while the average price for exports to Turkey ($914 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average waxes; artificial, prepared import price amounted to $2,108 per ton, dropping by -23.7% against the previous year. In general, the import price saw a deep reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $2,983 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Turkey ($4,510 per ton), while the price for Iran ($1,371 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Exports in Uzbekistan

In 2022, overseas shipments of waxes; artificial, prepared decreased by -1.9% to 5.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. As a result, the exports reached the peak of 10K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, waxes; artificial, prepared exports totaled $5.9M in 2022. In general, exports continue to indicate a abrupt decline.

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

1. Turkey (3824.0 tons)
2. Austria (440.0 tons)
3. Poland (400.0 tons)
4. Russia (280.0 tons)
5. Germany (240.0 tons)
6. Italy (140.0 tons)

Waxes; Artificial, Prepared Imports in Uzbekistan

In 2022, the amount of waxes; artificial, prepared imported into Uzbekistan skyrocketed to 1.4K tons, growing by 345% on 2021. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports surged to $3M in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Iran (674.2 tons)
2. Russia (277.2 tons)
3. Germany (102.2 tons)
4. Turkey (102.1 tons)
5. China (64.7 tons)
6. South Korea (50.6 tons)
7. Spain (39.8 tons)
8. Belarus (35.4 tons)
9. Denmark (16.2 tons)

Source: IndexBox Market Intelligence Platform