EU: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in the EU

The EU vegetable waxes market dropped to $X in 2022, declining by X% against the previous year. Overall, consumption showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Waxes Production in the EU

In value terms, vegetable waxes production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Vegetable Waxes Exports

Exports in the EU

After three years of growth, shipments abroad of vegetable waxes decreased by X% to X tons in 2022. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable waxes exports dropped rapidly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

Germany represented the key exporting country with an export of about X tons, which amounted to X% of total exports. The Netherlands (X tons) took the second position in the ranking, followed by France (X tons), Lithuania (X tons), Spain (X tons) and Belgium (X tons). All these countries together held approx. X% share of total exports. Poland (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable waxes exports from Germany stood at X%. At the same time, Lithuania (X%), Belgium (X%), Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Poland (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Lithuania (X p.p.), Belgium (X p.p.), Spain (X p.p.) and France (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics.

In value terms, Germany ($X) remains the largest vegetable waxes supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated a remarkable 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 export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Vegetable Waxes Imports

Imports in the EU

In 2022, overseas purchases of vegetable waxes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable waxes imports dropped markedly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Germany was the key importing country with an import of around X tons, which reached X% of total imports. Spain (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), Estonia (X%) and Italy (X%). The following importers - Poland (X tons) and Belgium (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable waxes imports into Germany stood at X%. At the same time, Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Belgium (X%), Estonia (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Spain, France and Italy increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported vegetable waxes in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 an increase of X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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