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
| Rating | Country |
|---|---|
| 1 | Indonesia |
| 2 | Brazil |
| 3 | Malaysia |
| 4 | United States |
| 5 | Germany |
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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per tonne | ||||
| Indonesia | 1375 | 1244 | 812 | -23.2% |
| Thailand | 2078 | 1315 | 934 | -33.0% |
| Malaysia | 1286 | 978 | 1201 | -3.4% |
| China | 1978 | 1707 | 2113 | 3.4% |
| United States | 3963 | 4484 | 3906 | -0.7% |
| Brazil | 6545 | 6868 | 5870 | -5.3% |
| Germany | 11343 | 10743 | 10671 | -3.0% |
| Average | 5261 | 5579 | 4844 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per tonne | ||||
| Japan | 7569 | 7338 | 7163 | -2.7% |
| Netherlands | 7006 | 7265 | 6915 | -0.7% |
| Germany | 7212 | 7526 | 6849 | -2.5% |
| France | 8486 | 8217 | 6603 | -11.8% |
| Vietnam | 8360 | 7525 | 6118 | -14.5% |
| Italy | 7400 | 7332 | 5708 | -12.2% |
| South Korea | 5913 | 5845 | 5280 | -5.5% |
| United States | 6170 | 6687 | 5232 | -7.9% |
| China | 4945 | 3498 | 4274 | -7.0% |
| Spain | 7798 | 6370 | 3933 | -29.0% |
| United Kingdom | 5591 | 5019 | 2998 | -26.8% |
| Australia | 2265 | 2141 | 2291 | 0.6% |
| Estonia | 1340 | 1332 | 870 | -19.4% |
| Average | 5917 | 5518 | 4885 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 40 | 37 | 30 | -13.6% |
| Germany | 20 | 21 | 23 | 5.5% |
| China | 17 | 19 | 19 | 6.2% |
| Japan | 21 | 18 | 15 | -16.7% |
| France | 12 | 11 | 11 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Brazil | 93 | 109 | 95 | 1.5% |
| United States | 14 | 14 | 15 | 2.0% |
| Germany | 12 | 14 | 15 | 8.9% |
| China | 3.6 | 4.4 | 8.9 | 57.3% |
| Malaysia | 5.4 | 4.2 | 3.8 | -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
This report provides an in-depth analysis of the global vegetable waxes market.
This report provides an in-depth analysis of the vegetable waxes market in Australia and Oceania.
This report provides an in-depth analysis of the vegetable waxes market in Africa.
This report provides an in-depth analysis of the vegetable waxes market in Latin America and the Caribbean.
This report provides an in-depth analysis of the vegetable waxes market in South-Eastern Asia.
This report provides an in-depth analysis of the vegetable waxes market in the Middle East.
This report provides an in-depth analysis of the vegetable waxes market in Central Asia.
This report provides an in-depth analysis of the vegetable waxes market in Eastern Asia.
This report provides an in-depth analysis of the vegetable waxes market in Southern Asia.
This report provides an in-depth analysis of the vegetable waxes market in Northern America.
