Vegetable Waxes Market

Vegetable waxes market: find the most recent info secured by an Ai-driven market intelligence platform. Facts and figures cover market size, exports, trade, imports, companies, production, consumption, and market prices. There is a split by region, including the U.K., China, the U.S., Africa, the Middle East, Russia, Latin America, and EU. Market dynamics and outlook to 2030 are also featured in the dashboards.


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Vegetable Waxes - World's Largest Markets

RatingCountry
1Indonesia
2Brazil
3Malaysia
4United States
5Germany

In value terms, Indonesia led the market, alone. The second position in the ranking was occupied by Brazil. It was followed by Malaysia.

From 2018 to 2020, the average annual rate of growth in terms of value in Indonesia amounted to -3.6%. The remaining consuming countries recorded the following average annual rates of market growth: Brazil (-19.5% per year) and Malaysia (-0.8% per year).

Vegetable Waxes Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Indonesia13751244812-23.2%
Thailand20781315934-33.0%
Malaysia12869781201-3.4%
China1978170721133.4%
United States396344843906-0.7%
Brazil654568685870-5.3%
Germany113431074310671-3.0%
Average526155794844-4.0%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($10,671 per tonne), while Indonesia ($812 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Japan756973387163-2.7%
Netherlands700672656915-0.7%
Germany721275266849-2.5%
France848682176603-11.8%
Vietnam836075256118-14.5%
Italy740073325708-12.2%
South Korea591358455280-5.5%
United States617066875232-7.9%
China494534984274-7.0%
Spain779863703933-29.0%
United Kingdom559150192998-26.8%
Australia2265214122910.6%
Estonia13401332870-19.4%
Average591755184885-9.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($7,163 per tonne), while Estonia ($870 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other global leaders experienced a decline in the import price figures.

Vegetable Waxes - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States403730-13.6%
Germany2021235.5%
China1719196.2%
Japan211815-16.7%
France121111-2.8%

In value terms, the largest vegetable waxes importing markets worldwide were the United States ($30M), Germany ($23M) and China ($20M), together comprising 38% of global imports. These countries were followed by Japan, France, the Netherlands, the UK, South Korea, Vietnam, Spain, Australia, Italy and Estonia, which together accounted for a further 42%.

The UK (+60.3% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Vegetable Waxes - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Brazil93109951.5%
United States1414152.0%
Germany1214158.9%
China3.64.48.957.3%
Malaysia5.44.23.8-15.7%

In value terms, Brazil ($95M) remains the largest vegetable waxes supplier worldwide, comprising 55% of global exports. The second position in the ranking was occupied by the United States ($15M), with a 8.6% share of global exports. It was followed by Germany, with a 8.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Brazil amounted to +1.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.0% per year) and Germany (+8.9% per year).

Vegetable Waxes - Market Forecast

Driven by rising demand for vegetable waxes worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Vegetable Waxes - Product Coverage

  • HS 152110 - Vegetable waxes (other than triglycerides); whether or not refined or coloured
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World - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global vegetable waxes market.

Australia and Oceania - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Australia and Oceania.

Africa - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Africa.

Latin America and the Caribbean - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Latin America and the Caribbean.

South-Eastern Asia - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in South-Eastern Asia.

Middle East - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in the Middle East.

Central Asia - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Central Asia.

Eastern Asia - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Eastern Asia.

Southern Asia - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Southern Asia.

Northern America - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the vegetable waxes market in Northern America.

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