U.S. - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in the United States - 2023
Contents:
- Vegetable Waxes Price in the United States (CIF) - 2023
- Vegetable Waxes Price in the United States (FOB) - 2023
- Vegetable Waxes Imports in the United States
- Vegetable Waxes Exports in the United States
Vegetable Waxes Price in the United States (CIF) - 2023
The average vegetable waxes import price stood at $5,027 per ton in August 2023, dropping by -34.8% against the previous month. Overall, the import price recorded a slight reduction. The most prominent rate of growth was recorded in July 2023 an increase of 58% m-o-m. As a result, import price reached the peak level of $7,706 per ton, and then fell notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($8,695 per ton), while the price for China ($642 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%), while the prices for the other major suppliers experienced a decline.
Vegetable Waxes Price in the United States (FOB) - 2023
In August 2023, the average vegetable waxes export price amounted to $3,276 per ton, falling by -26.5% against the previous month. Over the period under review, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 24% against the previous month. The export price peaked at $5,339 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was France ($20,145 per ton), while the average price for exports to Belgium ($2,477 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Waxes Imports in the United States
In 2022, approx. 6K tons of vegetable waxes were imported into the United States; dropping by -9.6% against 2021. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 6.7K tons, and then fell in the following year.
In value terms, vegetable waxes imports dropped slightly to $37M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports reached the peak of $38M, and then contracted slightly in the following year.
| Import of Vegetable Waxes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 27.6 | 23.5 | 28.0 | 24.0 | -4.6% |
| Mexico | 3.7 | 3.1 | 3.8 | 4.8 | 9.1% |
| India | 1.1 | 1.1 | 1.5 | 2.6 | 33.2% |
| China | 0.8 | 0.7 | 1.2 | 1.4 | 20.5% |
| Malaysia | 0.4 | 0.4 | 1.2 | 1.0 | 35.7% |
| Vietnam | N/A | N/A | N/A | 0.8 | 0% |
| El Salvador | N/A | N/A | N/A | 0.4 | 0% |
| Others | 2.9 | 1.3 | 2.1 | 1.7 | -16.3% |
| Total | 36.5 | 30.1 | 37.9 | 36.8 | 0.3% |
Top Suppliers of Vegetable Waxes to the United States in 2022:
- Brazil (3561.8 tons)
- China (649.1 tons)
- Mexico (574.2 tons)
- Malaysia (445.7 tons)
- Vietnam (286.5 tons)
- India (203.3 tons)
- El Salvador (156.1 tons)
Vegetable Waxes Exports in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable waxes, when their volume decreased by -16.7% to 5.6K tons. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 69%. As a result, the exports attained the peak of 6.7K tons, and then shrank dramatically in the following year.
In value terms, vegetable waxes exports contracted modestly to $23M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, the exports attained the peak of $24M, and then contracted slightly in the following year.
| Export of Vegetable Waxes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.1 | 4.0 | 6.3 | 5.5 | 21.1% |
| Belgium | 1.6 | 2.2 | 6.4 | 5.3 | 49.1% |
| Australia | 1.0 | 2.0 | 1.8 | 2.2 | 30.1% |
| Mexico | 1.0 | 1.1 | 1.9 | 2.2 | 30.1% |
| South Korea | 0.7 | 1.4 | 0.9 | 1.1 | 16.3% |
| France | 1.6 | 0.9 | 1.3 | 0.9 | -17.5% |
| United Kingdom | 0.4 | 0.3 | 0.7 | 0.6 | 14.5% |
| China | 1.1 | 0.4 | 0.6 | 0.4 | -28.6% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| India | 0.2 | 0.4 | 0.7 | 0.3 | 14.5% |
| Hong Kong SAR | 0.8 | 0.5 | 0.4 | 0.3 | -27.9% |
| Others | 2.4 | 1.9 | 2.2 | 3.6 | 14.5% |
| Total | 14.1 | 15.4 | 23.6 | 22.7 | 17.2% |
Top Export Markets for Vegetable Waxes from the United States in 2022:
- Belgium (2092.1 tons)
- Canada (1216.7 tons)
- Australia (602.4 tons)
- Mexico (325.0 tons)
- France (205.9 tons)
- South Korea (188.7 tons)
- United Kingdom (134.4 tons)
- India (91.0 tons)
- China (90.4 tons)
- Taiwan (Chinese) (59.6 tons)
- Hong Kong SAR (43.5 tons)
This report provides an in-depth analysis of the vegetable waxes market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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