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

Vegetable Waxes Market Size in Singapore

The Singaporean vegetable waxes market skyrocketed to $X in 2019, picking up by X% against the previous year. In general, consumption continues to indicate a significant increase. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Vegetable Waxes Production in Singapore

In value terms, vegetable waxes production soared to $X in 2019 estimated in export prices. Over the period under review, production, however, faced a sharp downturn. Over the period under review, production reached the maximum level at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Vegetable Waxes Exports

Exports from Singapore

In 2019, overseas shipments of vegetable waxes decreased by -X% to X tonnes, falling for the sixth year in a row after four years of growth. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, vegetable waxes exports declined sharply to $X in 2019. Over the period under review, exports showed a dramatic setback. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

Australia (X tonnes) and Russia (X tonnes) were the main destinations of vegetable waxes exports from Singapore, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Russia (+X% per year).

In value terms, Russia ($X) and Australia ($X) appeared to be the largest markets for vegetable waxes exported from Singapore worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Russia (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average vegetable waxes export price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per tonne), while the average price for exports to Australia totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Australia.

Vegetable Waxes Imports

Imports into Singapore

In 2019, after four years of decline, there was significant growth in overseas purchases of vegetable waxes, when their volume increased by X% to X tonnes. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, vegetable waxes imports surged to $X in 2019. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Malaysia (X tonnes) was the main supplier of vegetable waxes to Singapore, accounting for a X% share of total imports. Moreover, vegetable waxes imports from Malaysia exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Japan (+X% per year).

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

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

Import Prices by Country

The average vegetable waxes import price stood at $X per tonne in 2019, surging by X% against the previous year. In general, import price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, vegetable waxes import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced a decline.

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. 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 Singapore?
+
In value terms, Malaysia ($504K) constituted the largest supplier of vegetable waxes to Singapore, comprising 80% of total imports. The second position in the ranking was occupied by Brazil ($89K), with a 14% share of total imports.
What are the leading importers of vegetable waxes from Singapore?
+
In value terms, the largest markets for vegetable waxes exported from Singapore were Russia ($3.6K) and Australia ($3K), with a combined 97% share of total exports.
What is the average export price for vegetable waxes in Singapore?
+
In 2019, the average vegetable waxes export price amounted to $2,802 per tonne, with an increase of 15% against the previous year.
What is the average import price for vegetable waxes in Singapore?
+
In 2019, the average vegetable waxes import price amounted to $9,539 per tonne, rising by 1.9% 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 Singapore. 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:
• Singapore

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