Finland: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Finland

The Finnish vegetable waxes market contracted to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Waxes Production in Finland

In value terms, vegetable waxes production declined slightly to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Vegetable waxes production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Waxes Exports

Exports from Finland

In 2022, the amount of vegetable waxes exported from Finland declined remarkably to X kg, which is down by X% compared with the previous year. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vegetable waxes exports dropped markedly to $X in 2022. Overall, exports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Brazil (X kg) was the main destination for vegetable waxes exports from Finland, with a X% share of total exports. Moreover, vegetable waxes exports to Brazil exceeded the volume sent to the second major destination, the United States (X kg), fivefold.

From 2017 to 2022, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, Brazil ($X) emerged as the key foreign market for vegetable waxes exports from Finland, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average vegetable waxes export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Vegetable Waxes Imports

Imports into Finland

In 2022, supplies from abroad of vegetable waxes decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, vegetable waxes imports shrank rapidly to $X in 2022. In general, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X kg) were the main suppliers of vegetable waxes imports to Finland, with a combined X% share of total imports. The United States, the UK and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable waxes suppliers to Finland were the Netherlands ($X), Germany ($X) and France ($X), together accounting for X% of total imports. The United States, the UK and Belgium lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, with a CAGR of X%, recorded 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. Overall, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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