
France - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
France's Vegetable Waxes Price Slumps 27%, Averaging $7,730 per Ton
France Vegetable Waxes Import Price in October 2022
In October 2022, the vegetable waxes price stood at $7,730 per ton (CIF, France), falling by -26.5% against the previous month. Overall, the import price, however, recorded a notable increase. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 89% month-to-month. Over the period under review, average import prices attained the maximum at $12,667 per ton in June 2022; however, from July 2022 to October 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2022, the country with the highest price was Belgium ($37,455 per ton), while the price for China ($2,441 per ton) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
France Vegetable Waxes Imports
In October 2022, the amount of vegetable waxes imported into France fell dramatically to 95 tons, waning by -42.9% on September 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in September 2022 when imports increased by 184% against the previous month. Over the period under review, imports reached the peak figure at 247 tons in April 2022; however, from May 2022 to October 2022, imports remained at a lower figure.
In value terms, vegetable waxes imports dropped markedly to $737K (IndexBox estimates) in October 2022. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in September 2022 with an increase of 176% against the previous month. As a result, imports reached the peak of $1.8M, and then shrank dramatically in the following month.
France Vegetable Waxes Imports by Country
Brazil (35 tons), China (24 tons) and Spain (8.4 tons) were the main suppliers of vegetable waxes imports to France, with a combined 71% share of total imports.
From January 2022 to October 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +42.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($242K), the Netherlands ($176K) and Germany ($134K) appeared to be the largest vegetable waxes suppliers to France, together comprising 75% of total imports. China, Italy, the United States, Spain and Belgium lagged somewhat behind, together accounting for a further 21%.
In terms of the main suppliers, China, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Factors Affecting Vegetable Wax Prices
France is one of the leading producers of vegetable waxes in the world, and its products are used in a variety of industries including cosmetics, food, and candle-making. In recent years, the price of vegetable waxes in France has been on the rise. This is largely due to two factors: the increased demand for these products, and the limited supply of raw materials.
The demand for vegetable waxes has grown steadily in recent years, driven by the cosmetics industry. These waxes are used in a variety of cosmetic products, from lipsticks and creams to hair care products. The growing popularity of natural and organic cosmetics has also boosted demand for vegetable waxes.
The supply of raw materials for vegetable waxes is relatively limited. There are only a few plants that produce these waxes, including soybeans, palm kernels, and rice bran and most of them are found in tropical regions. This limited supply has resulted in higher prices for vegetable waxes.
This report provides an in-depth analysis of the vegetable waxes market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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