Brazil - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in Brazil - 2023
Contents:
- Vegetable Waxes Price in Brazil (FOB) - 2023
- Vegetable Waxes Price in Brazil (CIF) - 2022
- Vegetable Waxes Exports in Brazil
- Vegetable Waxes Imports in Brazil
Vegetable Waxes Price in Brazil (FOB) - 2023
In July 2023, the average vegetable waxes export price amounted to $6,757 per ton, growing by 3.9% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 9.8% against the previous month. Over the period under review, the average export prices reached the peak figure at $6,919 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Italy ($10,630 per ton), while the average price for exports to South Africa ($4,250 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Waxes Price in Brazil (CIF) - 2022
The average vegetable waxes import price stood at $17,923 per ton in 2022, jumping by 56% against the previous year. Overall, the import price saw a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 649%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($23,926 per ton), while the price for China ($5,444 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Waxes Exports in Brazil
In 2022, overseas shipments of vegetable waxes decreased by -23.4% to 14K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports reached the peak of 18K tons, and then declined dramatically in the following year.
In value terms, vegetable waxes exports dropped significantly to $89M in 2022. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 16%. As a result, the exports attained the peak of $110M, and then plummeted in the following year.
Export of Vegetable Waxes in Brazil (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 27.7 | 25.0 | 28.3 | 23.0 | -6.0% |
Germany | 19.3 | 19.1 | 21.5 | 15.0 | -8.1% |
Japan | 15.3 | 10.3 | 11.8 | 13.0 | -5.3% |
China | 15.7 | 16.9 | 17.9 | 10.9 | -11.5% |
Netherlands | 5.1 | 4.3 | 4.3 | 4.9 | -1.3% |
Spain | 2.6 | 2.3 | 2.3 | 2.6 | 0.0% |
Italy | 2.6 | 1.8 | 3.4 | 2.5 | -1.3% |
Belgium | 2.5 | 1.6 | 2.2 | 2.1 | -5.6% |
India | 2.0 | 1.5 | 1.6 | 1.8 | -3.5% |
South Korea | 1.2 | 1.1 | 1.6 | 1.3 | 2.7% |
Taiwan (Chinese) | 1.9 | 1.2 | 1.6 | 1.0 | -19.3% |
South Africa | 1.3 | 1.0 | 1.3 | 1.0 | -8.4% |
Others | 12.1 | 9.3 | 12.3 | 9.8 | -6.8% |
Total | 109 | 95.3 | 110 | 88.7 | -6.6% |
Top Export Markets for Vegetable Waxes from Brazil in 2022:
- United States (3.4K tons)
- Japan (2.0K tons)
- China (2.0K tons)
- Germany (2.0K tons)
- Netherlands (0.7K tons)
- Spain (0.6K tons)
- Italy (0.4K tons)
- India (0.4K tons)
- Taiwan (Chinese) (0.2K tons)
- South Africa (0.2K tons)
- Belgium (0.2K tons)
- South Korea (0.2K tons)
Vegetable Waxes Imports in Brazil
In 2022, after three years of growth, there was significant decline in purchases abroad of vegetable waxes, when their volume decreased by -23.8% to 35 tons. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 46 tons, and then dropped notably in the following year.
In value terms, vegetable waxes imports soared to $627K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Vegetable Waxes in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 209 | 279 | 265 | 270 | 8.9% |
Germany | 51.7 | 60.2 | 156 | 233 | 65.2% |
Mexico | 61.1 | 33.4 | 54.6 | 47.7 | -7.9% |
France | 7.7 | 26.1 | 31.8 | 36.1 | 67.4% |
China | 3.8 | 10.4 | 16.3 | 23.8 | 84.3% |
United Arab Emirates | 32.2 | N/A | N/A | N/A | 0% |
Others | 1.7 | 6.6 | 2.9 | 16.8 | 114.6% |
Total | 368 | 416 | 527 | 627 | 19.4% |
Top Suppliers of Vegetable Waxes to Brazil in 2022:
- United States (15.0 tons)
- Germany (9.7 tons)
- China (4.4 tons)
- Mexico (3.0 tons)
- France (2.0 tons)
This report provides an in-depth analysis of the vegetable waxes market in Brazil. 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 2030.
Product coverage:
- Prodcom 10417100 - Vegetable waxes (including refined) (excluding triglycerides)
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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From 2022 to 2023, the growth of the exports of Vegetable Waxes remained at a lower figure. In value terms, Vegetable Waxes exports fell to $84M in 2023.
The vegetable waxes price stood at $6,220 per ton (FOB, Brazil) in February 2023, representing a 3.1% increase compared to the previous month.
In February 2023, the beeswax price stood at $73,113 per ton (FOB, Brazil), reducing by -47% against the previous month.
The price of Acetic Acid in July 2023 was $595 per ton (CIF, Brazil), showing a decrease of -10.6% compared to the previous month.
Brazil was the largest exporter of vegetable waxes in the world, with the volume of exports accounting for 14K tons, which was near 45% of total exports in 2018.
Global beeswax consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the beeswax output was India (X thousand tons), accounting for X% of global production.
China dominates in the global beeswax trade. In 2014, China exported X thousand tons of beeswax totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total beeswax exports in value
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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