France: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in France

The French vegetable waxes market declined to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Waxes Production in France

In value terms, vegetable waxes production dropped to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Vegetable waxes production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Waxes Exports

Exports from France

In 2022, overseas shipments of vegetable waxes increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports saw a slight expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, vegetable waxes exports contracted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Italy (X tons) was the main destination for vegetable waxes exports from France, accounting for a X% share of total exports. Moreover, vegetable waxes exports to Italy exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

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

In value terms, Italy ($X), Germany ($X) and Belgium ($X) were the largest markets for vegetable waxes exported from France worldwide, together comprising X% of total exports. Romania, Spain, Colombia, Hungary, Georgia, Switzerland, Tunisia, the Czech Republic and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, which is down by X% against the previous year. In general, export price indicated a mild 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 export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

Vegetable Waxes Imports

Imports into France

In 2022, supplies from abroad of vegetable waxes decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated notable growth from 2012 to 2022: its volume 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, imports increased by X% against 2013 indices. The pace of growth appeared 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 reduced markedly in the following year.

In value terms, vegetable waxes imports contracted significantly to $X in 2022. Overall, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

Germany (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of vegetable waxes imports to France, with a combined X% share of total imports. Belgium, Mexico, Italy, the United States, the Netherlands and China 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 Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable waxes suppliers to France were Brazil ($X), Germany ($X) and Mexico ($X), with a combined X% share of total imports. The United States, the Netherlands, Spain, Italy, Belgium and China lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, flattening at the previous year. In general, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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