Africa: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Africa

The African vegetable waxes market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Africa

In value terms, vegetable waxes production shrank to $X in 2022 estimated in export price. Overall, production faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Waxes Exports

Exports in Africa

Vegetable waxes exports surged to X tons in 2022, rising by X% on 2021 figures. Overall, exports saw a measured increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, vegetable waxes exports soared to $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) and Tanzania (X tons) dominates exports structure, together creating X% of total exports. Egypt (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest vegetable waxes supplying countries in Africa were Tanzania ($X), South Africa ($X) and Egypt ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Vegetable Waxes Imports

Imports in Africa

In 2022, vegetable waxes imports in Africa shrank to X tons, with a decrease of X% compared with 2021. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, vegetable waxes imports rose sharply to $X in 2022. Overall, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. The following importers - Nigeria (X tons), Liberia (X tons), Kenya (X tons), Egypt (X tons), Algeria (X tons) and Tunisia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable waxes imports into South Africa stood at X%. At the same time, Tunisia (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%), Liberia (X%), Egypt (X%) and Kenya (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported vegetable waxes in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.

In South Africa, vegetable waxes imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Liberia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable waxes import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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