Canada: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Canada

The Canadian polyethylene glycol wax market totaled $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Polyethylene glycol wax consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Glycol Wax Production in Canada

In value terms, polyethylene glycol wax production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Polyethylene Glycol Wax Exports

Exports from Canada

In 2022, approx. X tons of artificial and prepared waxes of polyethylene glycol were exported from Canada; jumping by X% compared with the previous year. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polyethylene glycol wax exports skyrocketed to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of polyethylene glycol wax exports from Canada, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X.7%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Switzerland ($X) and Germany ($X) appeared to be the largest markets for polyethylene glycol wax exported from Canada worldwide, with a combined X% share of total exports.

Switzerland, with a CAGR of X.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced a decline.

Polyethylene Glycol Wax Imports

Imports into Canada

In 2022, imports of artificial and prepared waxes of polyethylene glycol into Canada skyrocketed to X tons, picking up by X% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax imports skyrocketed to $X in 2022. In general, imports enjoyed a mild increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest polyethylene glycol wax supplier to Canada, with a X% share of total imports. Moreover, polyethylene glycol wax imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Mexico (X% per year).

Import Prices by Country

The average polyethylene glycol wax import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, 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.

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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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