South Africa: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in South Africa

The South African polyethylene glycol wax market dropped to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, saw a resilient expansion. Polyethylene glycol wax consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Polyethylene Glycol Wax Production in South Africa

In value terms, polyethylene glycol wax production fell to $X in 2023 estimated in export price. In general, production posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Polyethylene Glycol Wax Exports

Exports from South Africa

Polyethylene glycol wax exports from South Africa soared to X tons in 2023, jumping by X% on the year before. Overall, exports, however, saw a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, polyethylene glycol wax exports soared to $X in 2023. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for polyethylene glycol wax exports from South Africa, with a X% share of total exports. Moreover, polyethylene glycol wax exports to Zimbabwe exceeded the volume sent to the second major destination, Namibia (X tons), more than tenfold. Zambia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Zambia (X% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for artificial and prepared waxes of polyethylene glycol exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Ghana, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Zimbabwe stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the average polyethylene glycol wax export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then fell markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Glycol Wax Imports

Imports into South Africa

In 2023, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported into South Africa; with a decrease of X% compared with the year before. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, polyethylene glycol wax imports contracted remarkably to $X in 2023. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of polyethylene glycol wax to South Africa, accounting for a X% share of total imports. Moreover, polyethylene glycol wax imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Mexico (X% per year).

In value terms, Germany ($X) constituted the largest supplier of artificial and prepared waxes of polyethylene glycol to South Africa, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average polyethylene glycol wax import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached 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 India ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform