Brazil: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Brazil

The Brazilian vegetable waxes market was finally on the rise to reach $X in 2022, after nine years of decline. In general, consumption, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Brazil

In value terms, vegetable waxes production dropped to $X in 2022 estimated in export price. Overall, production saw a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Waxes Exports

Exports from Brazil

In 2022, after three years of growth, there was significant decline in shipments abroad of vegetable waxes, when their volume decreased by X% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, vegetable waxes exports contracted rapidly to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main destinations of vegetable waxes exports from Brazil, with a combined X% share of total exports. Japan, the Netherlands, Spain, Italy, India, Taiwan (Chinese), South Africa and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable waxes exported from Brazil were the United States ($X), Germany ($X) and Japan ($X), with a combined X% share of total exports. China, the Netherlands, Spain, Italy, India, South Korea, South Africa and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vegetable waxes export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

Vegetable Waxes Imports

Imports into Brazil

In 2022, after two years of growth, there was significant decline in overseas purchases of vegetable waxes, when their volume decreased by X% to X tons. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable waxes imports soared to $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of vegetable waxes imports to Brazil, together comprising X% of total imports. Mexico and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Germany ($X) and Mexico ($X) appeared to be the largest vegetable waxes suppliers to Brazil, with a combined X% share of total imports. France and China lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average vegetable waxes import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price saw significant growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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