Hong Kong SAR, China - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in Hong Kong SAR - 2023
Contents:
- Vegetable Waxes Price in Hong Kong SAR (FOB) - 2022
- Vegetable Waxes Price in Hong Kong SAR (CIF) - 2022
- Vegetable Waxes Exports in Hong Kong SAR
- Vegetable Waxes Imports in Hong Kong SAR
Vegetable Waxes Price in Hong Kong SAR (FOB) - 2022
The average vegetable waxes export price stood at $4,440 per ton in 2022, growing by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 117%. As a result, the export price attained the peak level of $10,096 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($23,783 per ton), while the average price for exports to Australia ($1,736 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 China (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Waxes Price in Hong Kong SAR (CIF) - 2022
In 2022, the average vegetable waxes import price amounted to $5,780 per ton, with an increase of 34% against the previous year. Over the period under review, the import price showed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 128%. As a result, import price reached the peak level of $11,606 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($7,485 per ton), while the price for the United States totaled $5,262 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Vegetable Waxes Exports in Hong Kong SAR
In 2022, approx. 25 tons of vegetable waxes were exported from Hong Kong SAR; with a decrease of -9.2% against the previous year's figure. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 51%.
In value terms, vegetable waxes exports expanded to $112K in 2022. In general, exports saw a significant contraction.
| Export of Vegetable Waxes in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 176 | 86.5 | 0.6 | 49.7 | -34.4% |
| United States | 12.2 | 31.2 | 69.3 | 39.8 | 48.3% |
| Sweden | 18.5 | 30.7 | 30.5 | 17.5 | -1.8% |
| Australia | 6.7 | 8.3 | 8.1 | 4.7 | -11.1% |
| Vietnam | 9.8 | N/A | N/A | N/A | 0% |
| Others | 2.6 | N/A | N/A | N/A | 0% |
| Total | 226 | 157 | 108 | 112 | -20.9% |
Top Export Markets for Vegetable Waxes from Hong Kong SAR in 2022:
- United States (17.0 tons)
- China (4.8 tons)
- Australia (2.7 tons)
- Sweden (0.7 tons)
Vegetable Waxes Imports in Hong Kong SAR
In 2022, supplies from abroad of vegetable waxes was finally on the rise to reach 24 tons after two years of decline. Over the period under review, imports, however, recorded a abrupt decline.
In value terms, vegetable waxes imports surged to $140K in 2022. In general, imports, however, showed a abrupt setback.
| Import of Vegetable Waxes in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 60.4 | 231 | 8.0 | 97.7 | 17.4% |
| Japan | 88.7 | 0.8 | 24.1 | 42.2 | -21.9% |
| South Korea | N/A | N/A | 20.6 | N/A | 0% |
| Indonesia | 11.5 | N/A | 2.4 | N/A | -54.3% |
| Others | 2.9 | N/A | 0.9 | N/A | -44.3% |
| Total | 163 | 231 | 56.1 | 140 | -4.9% |
Top Suppliers of Vegetable Waxes to Hong Kong SAR in 2022:
- United States (18.6 tons)
- Japan (5.6 tons)
This report provides an in-depth analysis of the vegetable waxes market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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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