China - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in China - 2023
Contents:
- Vegetable Waxes Price in China (CIF) - 2023
- Vegetable Waxes Price in China (FOB) - 2023
- Vegetable Waxes Imports in China
- Vegetable Waxes Exports in China
Vegetable Waxes Price in China (CIF) - 2023
The average vegetable waxes import price stood at $4,433 per ton in June 2023, declining by -2.4% against the previous month. In general, the import price, however, showed a moderate expansion. The pace of growth was the most pronounced in January 2023 an increase of 151% month-to-month. Over the period under review, average import prices reached the peak figure at $8,951 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($13,293 per ton), while the price for Thailand ($907 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Vegetable Waxes Price in China (FOB) - 2023
In June 2023, the average vegetable waxes export price amounted to $4,246 per ton, picking up by 6.8% against the previous month. Overall, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 95% m-o-m. The export price peaked at $7,079 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($7,474 per ton), while the average price for exports to the United States ($3,502 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.5%), while the prices for the other major destinations experienced a decline.
Vegetable Waxes Imports in China
In 2022, vegetable waxes imports into China soared to 8.4K tons, jumping by 29% against 2021 figures. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, vegetable waxes imports skyrocketed to $27M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Waxes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 15.2 | 16.8 | 17.3 | 16.0 | 1.7% |
| Indonesia | 1.7 | 0.9 | 1.9 | 7.8 | 66.2% |
| Malaysia | 0.7 | 0.3 | 0.6 | 0.6 | -5.0% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Others | 1.3 | 1.4 | 2.0 | 2.1 | 17.3% |
| Total | 19.1 | 19.5 | 21.9 | 27.0 | 12.2% |
Top Suppliers of Vegetable Waxes to China in 2022:
- Indonesia (5.1K tons)
- Brazil (2.7K tons)
- Malaysia (0.4K tons)
- Thailand (0.2K tons)
Vegetable Waxes Exports in China
Vegetable waxes exports from China surged to 1.9K tons in 2022, picking up by 90% compared with 2021 figures. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. As a result, the exports reached the peak of 4.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, vegetable waxes exports surged to $6.9M in 2022. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 105% against the previous year. As a result, the exports attained the peak of $8.9M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Vegetable Waxes in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 497 | 667 | 2,173 | 4,512 | 108.6% |
| Italy | 214 | 415 | 718 | 863 | 59.2% |
| United States | 1,040 | 1,222 | 447 | 558 | -18.7% |
| United Kingdom | 994 | 2,793 | 206 | 233 | -38.3% |
| Portugal | N/A | N/A | 13.9 | 126 | 806.5% |
| Vietnam | 633 | 2,247 | 16.8 | 25.9 | -65.5% |
| Australia | 263 | 682 | 17.7 | 8.6 | -68.0% |
| Thailand | 118 | 86.7 | 17.2 | N/A | -61.8% |
| Others | 596 | 819 | 441 | 582 | -0.8% |
| Total | 4,354 | 8,933 | 4,050 | 6,907 | 16.6% |
Top Export Markets for Vegetable Waxes from China in 2022:
- Germany (1302.7 tons)
- Italy (194.1 tons)
- United States (157.4 tons)
- Portugal (87.3 tons)
- United Kingdom (45.8 tons)
- Australia (3.2 tons)
- Vietnam (1.5 tons)
This report provides an in-depth analysis of the vegetable waxes market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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In terms of value, imports of Vegetable Waxes experienced a significant decline to $1.2M in June 2023.
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