Canada - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVegetable Waxes Price in Canada - 2023
Contents:
- Vegetable Waxes Price in Canada (CIF) - 2023
- Vegetable Waxes Price in Canada (FOB) - 2022
- Vegetable Waxes Imports in Canada
- Vegetable Waxes Exports in Canada
Vegetable Waxes Price in Canada (CIF) - 2023
In June 2023, the average vegetable waxes import price amounted to $4,830 per ton, growing by 52% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 108% m-o-m. The import price peaked at $8,372 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($4,628 per ton), while the price for Hong Kong SAR amounted to $2,370 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.2%), while the prices for the other major suppliers experienced a decline.
Vegetable Waxes Price in Canada (FOB) - 2022
The average vegetable waxes export price stood at $5,808 per ton in 2022, declining by -4.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 250% against the previous year. As a result, the export price reached the peak level of $15,646 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,033 per ton), while the average price for exports to Taiwan (Chinese) ($1,507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%), while the prices for the other major destinations experienced a decline.
Vegetable Waxes Imports in Canada
After three years of growth, purchases abroad of vegetable waxes decreased by -29.7% to 1.3K tons in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 50%.
In value terms, vegetable waxes imports declined to $6.8M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. As a result, imports attained the peak of $7.7M, and then reduced in the following year.
| Import of Vegetable Waxes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.6 | 3.6 | 5.8 | 5.1 | 25.2% |
| Brazil | 0.2 | 0.2 | 0.7 | 0.6 | 44.2% |
| Malaysia | 0.8 | 0.4 | 0.6 | 0.5 | -14.5% |
| Others | 0.6 | 0.5 | 0.6 | 0.6 | 0.0% |
| Total | 4.1 | 4.7 | 7.7 | 6.8 | 18.4% |
Top Suppliers of Vegetable Waxes to Canada in 2022:
- United States (1006.1 tons)
- Malaysia (253.1 tons)
- Brazil (35.2 tons)
Vegetable Waxes Exports in Canada
Vegetable waxes exports from Canada expanded rapidly to 23 tons in 2022, growing by 8.3% against the previous year. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 227% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, vegetable waxes exports reached $136K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Vegetable Waxes in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 82.3 | 94.5 | 108 | 112 | 10.8% |
| Belgium | 0.4 | 15.6 | 18.6 | 19.3 | 264.1% |
| Italy | N/A | 8.4 | N/A | 2.9 | -41.2% |
| Taiwan (Chinese) | 2.3 | 0.8 | 1.2 | 1.4 | -15.3% |
| Chile | N/A | N/A | 3.1 | N/A | 0% |
| Others | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Total | 85.1 | 120 | 131 | 136 | 16.9% |
Top Export Markets for Vegetable Waxes from Canada in 2022:
- Belgium (12.0 tons)
- United States (8.6 tons)
- Italy (1.9 tons)
- Taiwan (Chinese) (0.9 tons)
This report provides an in-depth analysis of the vegetable waxes market in Canada. 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.
Product coverage:
- Prodcom 10417100 - Vegetable waxes (including refined) (excluding triglycerides)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
358
This report provides an in-depth analysis of the vegetable waxes market in Canada.
777
This report provides an in-depth analysis of the beeswax market in Canada.
714
This report provides an in-depth analysis of the maize oil market in Canada.
525
This report provides an in-depth analysis of the acetic acid market in Canada.
266
This report provides an in-depth analysis of the copper washer market in Canada.
383
This report provides an in-depth analysis of the crude maize oil market in Canada.
251
This report provides an in-depth analysis of the market for electric resistance welding machine in Canada.
491
This report provides an in-depth analysis of the pantyhose market in Canada.
830
This report provides an in-depth analysis of the global vegetable waxes market.
3289
This report provides an in-depth analysis of the global beeswax market.
66
Imports of Vegetable Waxes reached 1.9K tons in 2021 before leveling off until 2023. The value of vegetable waxes imports slightly increased to $6.9M in 2023.
256
In June 2023, the price of Vegetable Waxes reached $4,830 per ton (CIF, Canada), exhibiting a 52% growth compared to the previous month.
272
Beeswax imports reached a value of $283K in June 2023.
375
In February 2023, the maize oil price was recorded at $838 per ton (FOB, Canada), which was an increase of 5.6% compared to the previous month.
285
The rate of growth that stood out the most occurred in December 2022, with imports of Acetic Acid increasing by 33% compared to the previous month. In terms of value, the imports of Acetic Acid slightly rose to $2M in September 2023.
676
Brazil was the largest exporter of vegetable waxes in the world, with the volume of exports accounting for 14K tons, which was near 45% of total exports in 2018.
1481
Global beeswax consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
9233
In 2015, the country with the largest volume of the beeswax output was India (X thousand tons), accounting for X% of global production.
1396
China dominates in the global beeswax trade. In 2014, China exported X thousand tons of beeswax totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total beeswax exports in value
1515
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
