Malaysia - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in Malaysia - 2021
Contents:
- Vegetable Waxes Price in Malaysia (FOB) - 2021
- Vegetable Waxes Price in Malaysia (CIF) - 2022
- Vegetable Waxes Exports in Malaysia
- Vegetable Waxes Imports in Malaysia
Vegetable Waxes Price in Malaysia (FOB) - 2021
The average vegetable waxes export price stood at $2,659 per ton in December 2021, growing by 11% against the previous month. Overall, export price indicated pronounced growth from December 2020 to December 2021: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, vegetable waxes export price increased by +29.8% against July 2021 indices. The most prominent rate of growth was recorded in May 2021 an increase of 32% against the previous month. Over the period under review, the average export prices attained the maximum in December 2021.
Average prices varied noticeably for the major external markets. In December 2021, the country with the highest price was India ($2,845 per ton), while the average price for exports to the United States stood at $2,644 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Waxes Price in Malaysia (CIF) - 2022
The average vegetable waxes import price stood at $3,991 per ton in 2022, picking up by 11% against the previous year. Overall, the import price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 88%. Over the period under review, average import prices attained the peak figure at $8,948 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,463 per ton), while the price for China ($1,526 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the prices for the other major suppliers experienced a decline.
Vegetable Waxes Exports in Malaysia
Vegetable waxes exports from Malaysia dropped significantly to 199 tons in 2022, which is down by -24.9% on 2021 figures. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 99%.
In value terms, vegetable waxes exports plummeted to $792K in 2022. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year.
| Export of Vegetable Waxes in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 180 | 246 | 847 | 593 | 48.8% |
| Myanmar | 64.8 | 98.6 | 45.7 | 53.0 | -6.5% |
| Australia | 39.2 | 24.1 | 72.7 | 50.9 | 9.1% |
| France | 28.9 | 24.5 | 60.7 | 42.5 | 13.7% |
| South Korea | 63.9 | 23.4 | 31.6 | 28.3 | -23.8% |
| India | 5.5 | 6.2 | 32.6 | 22.8 | 60.6% |
| Singapore | 1,884 | N/A | 8.6 | N/A | -93.2% |
| Others | 62.8 | 29.2 | 34.3 | 2.3 | -66.8% |
| Total | 2,329 | 452 | 1,133 | 792 | -30.2% |
Top Export Markets for Vegetable Waxes from Malaysia in 2022:
- United States (92.4 tons)
- Myanmar (77.6 tons)
- Australia (8.6 tons)
- France (8.5 tons)
- South Korea (7.1 tons)
- India (3.8 tons)
Vegetable Waxes Imports in Malaysia
Vegetable waxes imports into Malaysia surged to 328 tons in 2022, jumping by 30% compared with the previous year. Overall, imports showed a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 183%. As a result, imports attained the peak of 892 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, vegetable waxes imports surged to $1.3M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.3% 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 decreased by -23.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Vegetable Waxes in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 359 | 198 | 359 | 493 | 11.2% |
| United States | 301 | 164 | 218 | 318 | 1.8% |
| Brazil | 159 | 169 | 131 | 217 | 10.9% |
| Thailand | 101 | 131 | 98.1 | 157 | 15.8% |
| Germany | 66.8 | 36.6 | 43.5 | 68.5 | 0.8% |
| China | 76.6 | 9.3 | 41.4 | 58.0 | -8.9% |
| Indonesia | N/A | 717 | 8.6 | N/A | -98.8% |
| Others | 27.7 | 285 | 12.0 | N/A | -34.2% |
| Total | 1,090 | 1,710 | 911 | 1,311 | 6.3% |
Top Suppliers of Vegetable Waxes to Malaysia in 2022:
- Japan (126.9 tons)
- Brazil (62.1 tons)
- United States (42.6 tons)
- Thailand (42.1 tons)
- China (38.0 tons)
- Germany (16.8 tons)
This report provides an in-depth analysis of the vegetable waxes market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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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