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

Vegetable Waxes Market Size in Malaysia

In 2019, the Malaysian vegetable waxes market decreased by -X% to $X, falling for the third consecutive year after seven years of growth. In general, consumption recorded a deep contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Vegetable waxes consumption peaked at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Vegetable Waxes Production in Malaysia

In value terms, vegetable waxes production amounted to $X in 2019 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2019, production growth remained at a lower figure.

Vegetable Waxes Exports

Exports from Malaysia

In 2019, shipments abroad of vegetable waxes increased by X% to X tonnes, rising for the third year in a row after six years of decline. In general, exports saw a perceptible expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable waxes exports skyrocketed to $X in 2019. Over the period under review, exports saw mild growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tonnes), Myanmar (X tonnes) and the U.S. (X tonnes) were the main destinations of vegetable waxes exports from Malaysia, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Singapore (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for vegetable waxes exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2019, the average vegetable waxes export price amounted to $X per tonne, almost unchanged from the previous year. In general, the export price showed a perceptible setback. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Myanmar ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Waxes Imports

Imports into Malaysia

In 2019, imports of vegetable waxes into Malaysia soared to X tonnes, with an increase of X% compared with the year before. Over the period under review, imports, however, showed a mild decline. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, vegetable waxes imports amounted to $X in 2019. In general, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, Thailand (X tonnes) constituted the largest vegetable waxes supplier to Malaysia, accounting for a X% share of total imports. Moreover, vegetable waxes imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), fourfold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the U.S. (+X% per year).

In value terms, Japan ($X), the U.S. ($X) and Brazil ($X) appeared to be the largest vegetable waxes suppliers to Malaysia, together accounting for X% of total imports. Thailand, China and Germany lagged somewhat behind, together accounting for a further X the main suppliers, Thailand (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable waxes import price stood at $X per tonne in 2019, declining by -X% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable waxes in the world?
+
Indonesia (27K tonnes) remains the largest vegetable waxes consuming country worldwide, 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), with a combined 95% share of global production. These countries were followed by Mexico and Belgium, which together accounted for a further 3.5%.
What are the leading suppliers of vegetable waxes to Malaysia?
+
In value terms, Japan ($359K), the U.S. ($300K) and Brazil ($159K) appeared to be the largest vegetable waxes suppliers to Malaysia, with a combined 75% share of total imports. Thailand, China and Germany lagged somewhat behind, together accounting for a further 22%.
What are the leading importers of vegetable waxes from Malaysia?
+
In value terms, Singapore ($1.7M) emerged as the key foreign market for vegetable waxes exports from Malaysia, comprising 73% of total exports. The second position in the ranking was occupied by Viet Nam ($232K), with a 9.9% share of total exports. It was followed by the U.S., with a 6.9% share.
What is the average export price for vegetable waxes in Malaysia?
+
The average vegetable waxes export price stood at $1,304 per tonne in 2019, remaining stable against the previous year.
What is the average import price for vegetable waxes in Malaysia?
+
The average vegetable waxes import price stood at $3,448 per tonne in 2019, with a decrease of -55.1% 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 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 2025.


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:
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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