Report Update Nov 1, 2024

Bangladesh - Vegetable Waxes - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Bangladesh

The Bangladeshi vegetable waxes market reduced slightly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption faced a deep downturn. The growth pace was the most rapid in 2021 when the market value increased by X%. Vegetable waxes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Waxes Production in Bangladesh

In value terms, vegetable waxes production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Vegetable waxes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Waxes Exports

Exports from Bangladesh

In 2018, vegetable waxes exports from Bangladesh shrank sharply to X kg, which is down by X% compared with 2017 figures. In general, exports recorded a sharp decline. The exports peaked at X kg in 2017, and then dropped rapidly in the following year.

In value terms, vegetable waxes exports contracted dramatically to $X in 2018. Over the period under review, exports continue to indicate a deep slump. The exports peaked at $X in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for vegetable waxes exports from Bangladesh, accounting for a approx. X% share of total exports.

From 2017 to 2018, the average annual growth rate of volume to India totaled X%.

In value terms, India ($X) emerged as the key foreign market for vegetable waxes exports from Bangladesh.

From 2017 to 2018, the average annual rate of growth in terms of value to India stood at X.0%.

Export Prices by Country

In 2018, the average vegetable waxes export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2017 to 2018, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2018, the rate of growth in terms of prices for India amounted to X% per year.

Vegetable Waxes Imports

Imports into Bangladesh

Vegetable waxes imports into Bangladesh declined remarkably to X tons in 2022, which is down by X% against the year before. Overall, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, vegetable waxes imports contracted significantly to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

Thailand (X tons), Brazil (X tons) and China (X tons) were the main suppliers of vegetable waxes imports to Bangladesh, with a combined X% share of total imports. The UK, Germany, South Korea, Taiwan (Chinese), Italy and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Brazil ($X) and the UK ($X) appeared to be the largest vegetable waxes suppliers to Bangladesh, together comprising X% of total imports. Thailand, Italy, Taiwan (Chinese), India, China and South Korea lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable waxes import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable waxes in the world?

Indonesia constituted the country with the largest volume of vegetable waxes consumption, accounting for 35% of total volume. Moreover, vegetable waxes consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Russia, twofold. The third position in this ranking was occupied by Brazil, with a 5.6% share.

What are the largest producers of vegetable waxes in the world?

The countries with the highest volumes of vegetable waxes production in 2020 were Indonesia, Brazil and Russia, together accounting for 93% of global production.

What are the leading suppliers of vegetable waxes to Bangladesh?

In value terms, Brazil constituted the largest supplier of vegetable waxes to Bangladesh, comprising 42% of total imports. The second position in the ranking was occupied by Thailand, with a 20% share of total imports. It was followed by Germany, with a 16% share.

What are the leading importers of vegetable waxes from Bangladesh?

In value terms, India remains the key foreign market for vegetable waxes exports from Bangladesh.

What is the average export price for vegetable waxes in Bangladesh?

The average vegetable waxes export price stood at $5,309 per ton in 2018, surging by 18% against the previous year.

What is the average import price for vegetable waxes in Bangladesh?

The average vegetable waxes import price stood at $4,317 per ton in 2020, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the vegetable waxes market in Bangladesh. 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:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023