Australia and Oceania: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Australia and Oceania

The vegetable waxes market in Australia and Oceania dropped notably to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Australia and Oceania

In value terms, vegetable waxes production fell to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Waxes Exports

Exports in Australia and Oceania

In 2022, overseas shipments of vegetable waxes were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, showed a abrupt decrease. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vegetable waxes exports declined to $X in 2022. Overall, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X kg), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable waxes exports from Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, Australia ($X) remains the largest vegetable waxes supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, vegetable waxes exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a measured increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Vegetable Waxes Imports

Imports in Australia and Oceania

In 2022, overseas purchases of vegetable waxes decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vegetable waxes imports dropped rapidly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable waxes imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported vegetable waxes in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, vegetable waxes imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable waxes import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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