Global Vegetable Waxes Market - Brazil Emerged As the World's Largest Supplier, With a 45% Share of Total Exports

IndexBox has just published a new report: 'World - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The global vegetable waxes market revenue amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

Consumption By Country

China (X tons) constituted the country with the largest volume of vegetable waxes consumption, comprising approx. X% of total consumption. Moreover, vegetable waxes consumption in China exceeded the figures recorded by the world's second-largest consumer, India (X tons), twofold. Russia (X tons) ranked third in terms of total consumption with a X% share.

In China, vegetable waxes consumption expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and Russia (-X% per year).

In value terms, China ($X) led the market, alone. The second position in the ranking was occupied by India ($X). It was followed by the U.S..

In 2018, the highest levels of vegetable waxes per capita consumption was registered in Australia (X kg per X persons), followed by Russia (X kg per X persons), Pakistan (X kg per X persons) and Japan (X kg per X persons), while the world average per capita consumption of vegetable waxes was estimated at X kg per X persons.

From 2007 to 2018, the average annual growth rate of the vegetable waxes per capita consumption in Australia stood at +X%. In the other countries, the average annual rates were as follows: Russia (-X% per year) and Pakistan (-X% per year).

Production 2007-2018

In 2018, the global production of vegetable waxes totaled X tons, growing by X% against the previous year. Over the period under review, vegetable waxes production, however, continues to indicate a moderate slump. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, global vegetable waxes production attained its peak figure volume at X tons in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

In value terms, vegetable waxes production totaled $X in 2018 estimated in export prices. In general, vegetable waxes production, however, continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. The global vegetable waxes production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Production By Country

The countries with the highest volumes of vegetable waxes production in 2018 were Brazil (X tons), China (X tons) and India (X tons), with a combined X% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of vegetable waxes production, amongst the main producing countries, was attained by China, while the other global leaders experienced mixed trends in the production figures.

Exports 2007-2018

Global exports stood at X tons in 2018, going down by -X% against the previous year. Over the period under review, vegetable waxes exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The global exports peaked at X tons in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, vegetable waxes exports amounted to $X (IndexBox estimates) in 2018. Overall, the total exports indicated a moderate expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vegetable waxes exports decreased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, global vegetable waxes exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brazil was the largest exporter of vegetable waxes in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2018. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%), Mexico (X%) and Germany (X%). China (X tons) and Japan (X tons) occupied a relatively small share of total exports.

Brazil experienced a relatively flat trend pattern of vegetable waxes exports. At the same time, China (+X%), Germany (+X%), the U.S. (+X%), Mexico (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Germany, China and Mexico increased by +X%, +X%, +X% and +X% percentage points, while Brazil (-X p.p.) and Indonesia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest vegetable waxes supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In Brazil, vegetable waxes exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average vegetable waxes export price stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the export price indicated a notable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vegetable waxes export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2014 an increase of X% year-to-year. The global export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. X tons of vegetable waxes were imported worldwide; picking up by X% against the previous year. In general, vegetable waxes imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. In that year, global vegetable waxes imports attained their peak of X tons. From 2013 to 2018, the growth of global vegetable waxes imports remained at a lower figure.

In value terms, vegetable waxes imports totaled $X (IndexBox estimates) in 2018. In general, the total imports indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vegetable waxes imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, global vegetable waxes imports reached their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), Japan (X tons), Australia (X tons) and the UK (X tons) were the largest importers of vegetable waxes, together achieving X% of total imports. France (X tons), the Netherlands (X tons), Estonia (X tons), the Philippines (X tons), Italy (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Australia, while the other global leaders experienced more modest paces of growth.

In value terms, the largest vegetable waxes importing markets worldwide were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of global imports. Japan, France, the Netherlands, the UK, South Korea, Italy, Estonia, Australia and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Australia experienced the highest growth rate of imports, over the last eleven years, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average vegetable waxes import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price indicated a strong expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vegetable waxes import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average import prices for vegetable waxes attained their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform