Waxes; Artificial, Prepared Price in France - 2023
Contents:
- Waxes; Artificial, Prepared Price in France (CIF) - 2022
- Waxes; Artificial, Prepared Price in France (FOB) - 2023
- Waxes; Artificial, Prepared Imports in France
- Waxes; Artificial, Prepared Exports in France
Waxes; Artificial, Prepared Price in France (CIF) - 2022
The average waxes; artificial, prepared import price stood at $3,713 per ton in 2022, picking up by 28% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. As a result, import price attained 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 the United States ($7,066 per ton), while the price for Spain ($1,799 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in France (FOB) - 2023
In July 2023, the average waxes; artificial, prepared export price amounted to $7,954 per ton, with a decrease of -1.6% against the previous month. Overall, export price indicated noticeable growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, waxes; artificial, prepared export price decreased by -1.7% against May 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 31% against the previous month. The export price peaked at $8,091 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($10,111 per ton), while the average price for exports to Turkey ($5,335 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in France
Waxes; artificial, prepared imports into France contracted to 54K tons in 2022, dropping by -14.1% against the previous year. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports attained the peak of 62K tons, and then shrank in the following year.
In value terms, waxes; artificial, prepared imports totaled $199M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Waxes; Artificial, Prepared in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.1 | 61.2 | 82.9 | 89.8 | 15.0% |
| Italy | 12.2 | 10.9 | 19.8 | 21.5 | 20.8% |
| United States | 18.0 | 13.3 | 15.7 | 17.1 | -1.7% |
| Belgium | 12.6 | 13.0 | 14.7 | 15.9 | 8.1% |
| Netherlands | 9.9 | 10.4 | 13.2 | 14.3 | 13.0% |
| Denmark | 11.3 | 10.1 | 11.0 | 11.9 | 1.7% |
| United Kingdom | 7.6 | 8.6 | 9.4 | 10.2 | 10.3% |
| Spain | 5.8 | 5.2 | 7.0 | 7.5 | 8.9% |
| Others | 10.8 | 5.9 | 7.0 | 10.5 | -0.9% |
| Total | 147 | 139 | 181 | 199 | 10.6% |
Top Suppliers of Waxes; Artificial, Prepared to France in 2022:
- Germany (23.5K tons)
- Italy (6.8K tons)
- Denmark (4.3K tons)
- Spain (4.2K tons)
- Belgium (4.1K tons)
- Netherlands (3.2K tons)
- United Kingdom (2.6K tons)
- United States (2.4K tons)
Waxes; Artificial, Prepared Exports in France
In 2022, approx. 24K tons of waxes; artificial, prepared were exported from France; with an increase of 18% against the previous year. The total export volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared exports expanded rapidly to $132M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Waxes; Artificial, Prepared in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 11.2 | 15.2 | 16.4 | 34.8% |
| United States | 6.2 | 10.4 | 13.7 | 14.7 | 33.3% |
| Italy | 5.9 | 4.9 | 11.4 | 12.2 | 27.4% |
| Germany | 10.3 | 9.5 | 9.4 | 10.3 | 0.0% |
| Belgium | 6.7 | 9.3 | 5.7 | 7.7 | 4.7% |
| Netherlands | 6.1 | 6.4 | 6.5 | 7.0 | 4.7% |
| United Kingdom | 4.7 | 5.6 | 5.5 | 6.0 | 8.5% |
| Spain | 4.4 | 4.6 | 5.2 | 5.6 | 8.4% |
| Poland | 4.4 | 3.6 | 4.6 | 5.0 | 4.4% |
| Cote d'Ivoire | 3.4 | 3.6 | 3.0 | 3.5 | 1.0% |
| Democratic Republic of the Congo | 3.3 | 2.5 | 3.0 | 3.2 | -1.0% |
| Algeria | 1.1 | 0.9 | 2.7 | 2.9 | 38.1% |
| India | 1.0 | 1.2 | 1.6 | 1.8 | 21.6% |
| Others | 20.2 | 25.8 | 32.8 | 36.0 | 21.2% |
| Total | 84.3 | 99.6 | 120 | 132 | 16.1% |
Top Export Markets for Waxes; Artificial, Prepared from France in 2022:
- Italy (5.0K tons)
- China (2.4K tons)
- Netherlands (1.9K tons)
- Germany (1.7K tons)
- United States (1.3K tons)
- Belgium (1.2K tons)
- Spain (1.1K tons)
- Cote d'Ivoire (1.0K tons)
- Democratic Republic of the Congo (0.9K tons)
- United Kingdom (0.8K tons)
- Poland (0.6K tons)
- Algeria (0.5K tons)
- India (0.5K tons)
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