Japan - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in Japan - 2023
Contents:
- Vegetable Waxes Price in Japan (CIF) - 2023
- Vegetable Waxes Price in Japan (FOB) - 2023
- Vegetable Waxes Imports in Japan
- Vegetable Waxes Exports in Japan
Vegetable Waxes Price in Japan (CIF) - 2023
The average vegetable waxes import price stood at $8,878 per ton in July 2023, picking up by 35% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The import price peaked at $9,379 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($10,807 per ton), while the price for Brazil amounted to $5,830 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (-1.3%).
Vegetable Waxes Price in Japan (FOB) - 2023
In July 2023, the average vegetable waxes export price amounted to $17,864 per ton, picking up by 6.7% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in March 2023 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices hit record highs at $19,017 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was France ($55,148 per ton), while the average price for exports to Taiwan (Chinese) ($8,037 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Waxes Imports in Japan
After two years of decline, purchases abroad of vegetable waxes increased by 46% to 2.9K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, vegetable waxes imports surged to $19M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Waxes in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 14.7 | 11.9 | 11.8 | 15.8 | 2.4% |
| Mexico | 3.3 | 2.7 | 2.2 | 3.4 | 1.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 18.2 | 14.8 | 14.3 | 19.4 | 2.2% |
Top Suppliers of Vegetable Waxes to Japan in 2022:
- Brazil (2535.0 tons)
- Mexico (354.0 tons)
Vegetable Waxes Exports in Japan
In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable waxes, when their volume decreased by -17.7% to 400 tons. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 486 tons, and then contracted remarkably in the following year.
In value terms, vegetable waxes exports declined to $5.8M in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 22%.
| Export of Vegetable Waxes in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,477 | 1,697 | 1,583 | 1,229 | -5.9% |
| China | 684 | 895 | 1,380 | 1,087 | 16.7% |
| United States | 2,012 | 232 | 420 | 688 | -30.1% |
| Malaysia | 679 | 613 | 761 | 599 | -4.1% |
| Thailand | 287 | 327 | 421 | 331 | 4.9% |
| Italy | 635 | 373 | 257 | 327 | -19.8% |
| Singapore | 131 | 176 | 336 | 265 | 26.5% |
| France | 249 | 201 | 313 | 247 | -0.3% |
| Netherlands | 216 | 323 | 309 | 244 | 4.1% |
| Taiwan (Chinese) | 170 | 137 | 238 | 188 | 3.4% |
| Spain | 110 | 158 | 181 | 143 | 9.1% |
| Vietnam | 268 | 118 | 162 | 142 | -19.1% |
| Indonesia | 108 | 122 | 160 | 126 | 5.3% |
| Others | 85.7 | 133 | 194 | 138 | 17.2% |
| Total | 7,112 | 5,505 | 6,715 | 5,751 | -6.8% |
Top Export Markets for Vegetable Waxes from Japan in 2022:
- South Korea (109.2 tons)
- China (62.3 tons)
- Malaysia (61.1 tons)
- United States (46.0 tons)
- Singapore (20.0 tons)
- Thailand (18.0 tons)
- Taiwan (Chinese) (17.6 tons)
- France (12.9 tons)
- Spain (11.5 tons)
- Netherlands (11.3 tons)
- Indonesia (9.1 tons)
- Vietnam (8.4 tons)
- Italy (7.2 tons)
This report provides an in-depth analysis of the vegetable waxes market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
-
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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