Artificial and prepared waxes of PEG market in Spain

Earlier Report Observations

The Spanish market for artificial and prepared polyethylene glycol waxes expanded steadily from 13.5 million USD in 2018 to 22.7 million USD by 2021. This growth was driven by increasing global exports of these waxes, with Spain positioned as a key importer, reflecting rising domestic demand for the product.

Market growth continued after 2021, reaching 26.7 million USD in 2024. A 14.4% rise in worldwide exports in 2022 further supported this trend, indicating sustained consumption in Spain. Updates to the Harmonized System explanatory notes in 2024 clarified product definitions but had no reported direct effect on market volume.

Production artificial and prepared waxes of PEG in Spain

In value, 2017-2020, $ US

After two years of growth, Spain's production of artificial and prepared PEG waxes declined in value terms. In 2020, output was valued at 33 214 US dollars, marking a 32.1% decrease from the previous year. Over the 2017-2020 period, production fell by 8.5%, with a compound annual growth rate (CAGR) of -2.9%. The highest value was recorded in 2019 at 48 908 US dollars, which also saw the largest annual increase of 19.3%.

Annual dynamics of production in Spain in value, 2017-2020, $ US

In kind, 2017-2020, t

Following two years of growth, Spain's production of artificial and prepared PEG waxes declined in volume. In 2020, output totaled 98.4 tonnes, representing a sharp 33.4% drop compared to the prior year. Over the 2017-2020 period, production decreased by 7.3%, with a compound annual growth rate (CAGR) of -2.5%. The peak volume was recorded in 2019 at 147.7 tonnes, which also experienced the largest annual increase of 38.3%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports artificial and prepared waxes of PEG from Spain

Exports in kind, t

Spain's exports of artificial and prepared PEG waxes increased for the second consecutive year. In 2020, exports reached 702 tonnes, showing a moderate 3.7% year-over-year growth. Over the 2017-2020 period, exports declined by 5.1%, with a compound annual growth rate (CAGR) of -1.7%. The lowest volume was recorded in 2018 at 535 tonnes, which saw the largest annual decline of 27.7%. In contrast, 2019 experienced the largest annual increase of 26.5%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal, France, and Morocco were the leading destinations for Spain's exports of artificial and prepared PEG waxes in volume terms. Portugal accounted for 24.8% of exports, France for 19.4%, and Morocco for 9.9%. Together, these three countries represented 54.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

Spain's exports of artificial and prepared PEG waxes increased in value for the second year in a row. In 2020, exports amounted to 1 863 thousand US dollars, reflecting a 7.0% year-over-year gain. Over the 2017-2020 period, exports decreased by 17.9%, with a compound annual growth rate (CAGR) of -6.4%. The lowest value was recorded in 2018 at 1 403 thousand US dollars, which saw the largest annual decline of 38.2%. In 2019, exports rebounded with the largest annual increase of 24.1%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, Spain's exports of artificial and prepared PEG waxes in value terms were distributed across a wide range of markets. Portugal led with 21.6% of exports, followed by France at 18.7%, and Algeria at 8.5%. Together, these three countries accounted for 48.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports artificial and prepared waxes of PEG to Spain

Imports in kind, t

Spain's imports of artificial and prepared PEG waxes increased for the third consecutive year. In 2020, imports totaled 8 687 tonnes, indicating a modest 4.5% rise compared to the previous year. Over the 2017-2020 period, imports grew by 71.8%, with a compound annual growth rate (CAGR) of 19.8%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Germany, Russia, and South Korea were the top suppliers of artificial and prepared PEG waxes to Spain in volume terms. Germany accounted for 38.4% of imports, Russia for 16.8%, and South Korea for 12.2%. Collectively, these three countries represented 67.4% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Spain's imports of artificial and prepared PEG waxes increased in value for the third year in a row. In 2020, imports reached 1 863 thousand US dollars, marking a strong 23.1% increase from 2019. Over the 2017-2020 period, imports rose by 81.3%, with a compound annual growth rate (CAGR) of 21.9%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Denmark, and Belgium were the primary sources for Spain's imports of artificial and prepared PEG waxes in value terms. Together, these three markets accounted for 74.6% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020