In 2023, South Korea led the global export market for artificial and prepared waxes of polyethylene glycol, followed closely by Germany. With notable positive growth rates, Saudi Arabia and Portugal made significant strides. Conversely, the US, Belgium, and several European countries, including Denmark, Sweden, and Ireland, experienced declines. Key growth contenders in the market include Slovenia, New Zealand, and Chile, whereas countries like South Africa, Hungary, and Macedonia saw reductions.
Looking forward to 2024, expect advancements in sustainable and innovative wax applications to shape market dynamics. Emerging markets could further diversify the geographical export landscape, while ongoing geopolitical tensions may challenge supply chains.
Top countries in Export of Artificial Waxes and Prepared Waxes of Polyethylene Glycol Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 44.09 | 2023 | +4.86% | +4.4% | View data |
| 2 | 2 Germany | 36.07 | 2023 | +1.76% | +1.08% | View data |
| 3 | 3 Belgium | 4.45 | 2023 | -3.21% | -3.87% | View data |
| 4 | 4 China | 3.5 | 2023 | +4.93% | +2.35% | View data |
| 5 | 5 Mexico | 3.14 | 2023 | -3.93% | -2.74% | View data |
| 6 | 6 India | 1.97 | 2023 | +5.96% | +4.5% | View data |
| 7 | 7 United States | 1.54 | 2023 | -29.62% | -22.33% | View data |
| 8 | 8 Italy | 1.47 | 2023 | +4.46% | +1.38% | View data |
| 9 | 9 Russia | 1.13 | 2023 | +6.7% | +1.84% | View data |
| 10 | 10 Netherlands | 0.82 | 2023 | +2.83% | +2.78% | View data |
