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

Vegetable Waxes Market Size in Spain

In 2019, the Spanish vegetable waxes market was finally on the rise to reach $X for the first time since 2015, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Vegetable Waxes Exports

Exports from Spain

Vegetable waxes exports from Spain fell dramatically to X tonnes in 2019, shrinking by -X% against 2018 figures. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, vegetable waxes exports shrank significantly to $X in 2019. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

Portugal (X tonnes) was the main destination for vegetable waxes exports from Spain, accounting for a X% share of total exports. Moreover, vegetable waxes exports to Portugal exceeded the volume sent to the second major destination, Australia (X tonnes), threefold. Belgium (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Belgium (-X% per year).

In value terms, Portugal ($X), Belgium ($X) and Australia ($X) constituted the largest markets for vegetable waxes exported from Spain worldwide, together comprising X% of total exports. France, Germany, Italy and Tunisia lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average vegetable waxes export price amounted to $X per tonne, jumping by X% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. Over the period under review, average export prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Australia ($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 Germany, while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Waxes Imports

Imports into Spain

In 2019, purchases abroad of vegetable waxes increased by X% to X tonnes, rising for the third year in a row after four years of decline. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, vegetable waxes imports skyrocketed to $X in 2019. Overall, total imports indicated a slight expansion from 2007 to 2019: its value decreased 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, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Brazil (X tonnes) constituted the largest vegetable waxes supplier to Spain, accounting for a X% share of total imports. Moreover, vegetable waxes imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fourfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

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

In value terms, the largest vegetable waxes suppliers to Spain were Brazil ($X), Germany ($X) and France ($X), together comprising X% of total imports.

In terms of the main suppliers, Germany recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average vegetable waxes import price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then shrank in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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), together comprising 95% 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 Spain?
+
In value terms, Brazil ($2.6M), Germany ($1.5M) and France ($245K) appeared to be the largest vegetable waxes suppliers to Spain, together accounting for 95% of total imports.
What are the leading importers of vegetable waxes from Spain?
+
In value terms, the largest markets for vegetable waxes exported from Spain were Portugal ($121K), Belgium ($74K) and Australia ($35K), with a combined 65% share of total exports. These countries were followed by France, Germany, Italy and Tunisia, which together accounted for a further 26%.
What is the average export price for vegetable waxes in Spain?
+
The average vegetable waxes export price stood at $2,732 per tonne in 2019, increasing by 28% against the previous year.
What is the average import price for vegetable waxes in Spain?
+
In 2019, the average vegetable waxes import price amounted to $7,234 per tonne, with a decrease of -7.9% 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 Spain. 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:
• Spain

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