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

Vegetable Waxes Market Size in the Philippines

In 2019, the Philippine vegetable waxes market was finally on the rise to reach $X after six years of decline. In general, consumption, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Vegetable Waxes Exports

Exports from the Philippines

In 2019, vegetable waxes exports from the Philippines declined sharply to X tonnes, waning by -X% compared with 2018. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, vegetable waxes exports contracted notably to $X in 2019. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Viet Nam (X tonnes) was the main destination for vegetable waxes exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Viet Nam totaled -X%.

In value terms, Viet Nam ($X) also remains the key foreign market for vegetable waxes exports from the Philippines.

From 2007 to 2019, the average annual rate of growth in terms of value to Viet Nam amounted to -X%.

Export Prices by Country

In 2019, the average vegetable waxes export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Viet Nam.

From 2007 to 2019, the rate of growth in terms of prices for Viet Nam amounted to -X% per year.

Vegetable Waxes Imports

Imports into the Philippines

In 2019, overseas purchases of vegetable waxes decreased by -X% to X tonnes, falling for the seventh consecutive year after six years of growth. Over the period under review, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, vegetable waxes imports skyrocketed to $X in 2019. Overall, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Indonesia (X tonnes) was the main supplier of vegetable waxes to the Philippines, accounting for a X% share of total imports. It was followed by Malaysia (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Indonesia stood at -X%.

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

From 2007 to 2019, the average annual growth rate of value from Indonesia was relatively modest.

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. Over the period under review, import price indicated modest growth 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 import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia.

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. China (3.8K tonnes) ranked third in terms of total consumption 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. Mexico and Belgium lagged somewhat behind, together comprising a further 3.5%.
What are the leading suppliers of vegetable waxes to the Philippines?
+
In value terms, Indonesia ($1.1M) constituted the largest supplier of vegetable waxes to the Philippines, comprising 63% of total imports. The second position in the ranking was occupied by Malaysia ($84K), with a 4.7% share of total imports.
What are the leading importers of vegetable waxes from the Philippines?
+
In value terms, Viet Nam ($893K) remains the key foreign market for vegetable waxes exports from the Philippines.
What is the average export price for vegetable waxes in the Philippines?
+
The average vegetable waxes export price stood at $5,629 per tonne in 2019, remaining stable against the previous year.
What is the average import price for vegetable waxes in the Philippines?
+
In 2019, the average vegetable waxes import price amounted to $2,746 per tonne, rising by 27% 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 the Philippines. 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:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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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