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Colombia - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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Colombia: Vegetable Waxes Market Overview 2021

Vegetable Waxes Market Size in Colombia

The Colombian vegetable waxes market shrank slightly to $X in 2019, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Vegetable Waxes Exports

Exports from Colombia

In 2019, overseas shipments of vegetable waxes decreased by -X% to X tonnes for the first time since 2011, thus ending a seven-year rising trend. Over the period under review, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018, and then dropped sharply in the following year.

In value terms, vegetable waxes exports declined notably to $X in 2019. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2018, and then declined remarkably in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for vegetable waxes exports from Colombia, with a X% share of total exports. It was followed by Cuba (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-X% per year) and Guatemala (-X% per year).

In value terms, the U.S. ($X) remains the key foreign market for vegetable waxes exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-X% per year) and Cuba (-X% per year).

Export Prices by Country

The average vegetable waxes export price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, export price indicated a measured expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, vegetable waxes export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Cuba ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Waxes Imports

Imports into Colombia

In 2019, the amount of vegetable waxes imported into Colombia fell to X tonnes, shrinking by -X% on the year before. Overall, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, vegetable waxes imports fell modestly to $X in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

Indonesia (X tonnes), Brazil (X tonnes) and Germany (X tonnes) were the main suppliers of vegetable waxes imports to Colombia, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Indonesia, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) constituted the largest supplier of vegetable waxes to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average vegetable waxes import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable waxes in the world?
+
Indonesia (27K tonnes) constituted the country with the largest volume of vegetable waxes consumption, accounting for 51% of total volume. Moreover, vegetable waxes consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Brazil (4.2K tonnes), sixfold. The third position in this ranking was occupied by China (3.8K tonnes), with a 7.2% share.
What are the largest producers of vegetable waxes in the world?
+
The countries with the highest volumes of vegetable waxes production in 2019 were Indonesia (27K tonnes), Brazil (20K tonnes) and Malaysia (1.6K tonnes), together accounting for 95% of global production. Mexico and Belgium lagged somewhat behind, together accounting for a further 3.5%.
What are the leading suppliers of vegetable waxes to Colombia?
+
In value terms, Brazil ($858K) constituted the largest supplier of vegetable waxes to Colombia, comprising 67% of total imports. The second position in the ranking was occupied by Indonesia ($174K), with a 14% share of total imports. It was followed by the U.S., with a 5.1% share.
What are the leading importers of vegetable waxes from Colombia?
+
In value terms, the U.S. ($295K) remains the key foreign market for vegetable waxes exports from Colombia, comprising 97% of total exports. The second position in the ranking was occupied by Guatemala ($3.2K), with a 1.1% share of total exports.
What is the average export price for vegetable waxes in Colombia?
+
In 2019, the average vegetable waxes export price amounted to $14,849 per tonne, with an increase of 9.8% against the previous year.
What is the average import price for vegetable waxes in Colombia?
+
The average vegetable waxes import price stood at $3,688 per tonne in 2019, with an increase of 8.5% against the previous year.

Product coverage:
• Prodcom 10417100 - Vegetable waxes (including refined) (excluding triglycerides)

This report provides an in-depth analysis of the vegetable waxes market in Colombia. 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 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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