In 2023, South Korea led global exports of Artificial Waxes and Prepared Waxes of Polyethylene Glycol, valued at 153.44 million USD, showing a year-on-year growth of 4.4%. Germany followed closely with 125.51 million USD, with a growth rate of 1.08%. Belgium, China, and Mexico, although among the top five exporters, experienced mixed performance with declines of -3.87% and -2.74%, and growth of 2.35%, respectively. The United States saw a significant drop of -22.33%, reflecting a notable shift in market dynamics. Significant growth in exports was observed in countries like Saudi Arabia, Kuwait, Slovenia, and Portugal.
Future trends to watch include:
- Potential increased competition in the Asian markets as China and India enhance production.
- A continued decline in the US as exporters face structural challenges.
- European countries, especially Germany, maintaining steady growth through innovation in wax technologies.
- Emerging markets like Saudi Arabia and Kuwait showing robust increases, likely impacting global supply dynamics.
- Watch for environmental regulations that may impact production and export strategies globally.
Top countries in Export of Artificial Waxes and Prepared Waxes of Polyethylene Glycol by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 153,440,000 | 2023 | +4.86% | +4.4% | View data |
| 2 | 2 Germany | 125,510,000 | 2023 | +1.76% | +1.08% | View data |
| 3 | 3 Belgium | 15,491,000 | 2023 | -3.21% | -3.87% | View data |
| 4 | 4 China | 12,192,000 | 2023 | +4.93% | +2.35% | View data |
| 5 | 5 Mexico | 10,913,000 | 2023 | -3.93% | -2.74% | View data |
| 6 | 6 India | 6,871,800 | 2023 | +5.96% | +4.5% | View data |
| 7 | 7 United States | 5,351,800 | 2023 | -29.62% | -22.33% | View data |
| 8 | 8 Italy | 5,109,200 | 2023 | +4.46% | +1.38% | View data |
| 9 | 9 Russia | 3,942,900 | 2023 | +6.7% | +1.84% | View data |
| 10 | 10 Netherlands | 2,869,600 | 2023 | +2.83% | +2.78% | View data |
