Czech Republic: Vegetable Waxes Market 2025

Vegetable Waxes Market Size in the Czech Republic

The Czech vegetable waxes market dropped dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt contraction. Vegetable waxes consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Vegetable Waxes Production in the Czech Republic

In value terms, vegetable waxes production shrank to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Vegetable Waxes Exports

Exports from the Czech Republic

In 2022, exports of vegetable waxes from the Czech Republic expanded sharply to X tons, picking up by X% compared with the year before. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vegetable waxes exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Switzerland (X tons) was the main destination for vegetable waxes exports from the Czech Republic, with a X% share of total exports. Moreover, vegetable waxes exports to Switzerland exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Russia (X% per year).

In value terms, the largest markets for vegetable waxes exported from the Czech Republic were the UK ($X), Switzerland ($X) and Russia ($X), together comprising X% of total exports.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average vegetable waxes export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded temperate growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Switzerland ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Waxes Imports

Imports into the Czech Republic

In 2022, supplies from abroad of vegetable waxes decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable waxes imports contracted slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest vegetable waxes supplier to the Czech Republic, with a X% share of total imports. Moreover, vegetable waxes imports from Malaysia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, the largest vegetable waxes suppliers to the Czech Republic were the Netherlands ($X), Germany ($X) and Malaysia ($X), together comprising X% of total imports. China and the United States lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of 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, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :