Germany: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Germany

In 2022, the German vegetable waxes market increased by X% to $X, rising for the second year in a row after eight years of decline. In general, consumption, however, saw a abrupt shrinkage. Vegetable waxes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Waxes Production in Germany

In value terms, vegetable waxes production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. 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 remained at a lower figure.

Vegetable Waxes Exports

Exports from Germany

After three years of growth, overseas shipments of vegetable waxes decreased by X% to X tons in 2022. Overall, total exports indicated a temperate expansion 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, vegetable waxes exports shrank remarkably to $X in 2022. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its value 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, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of vegetable waxes exports from Germany, together comprising X% of total exports. Russia, the United States, the UK, Italy, Slovakia, South Korea, Spain, Luxembourg, India and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), the Netherlands ($X) and Poland ($X) constituted the largest markets for vegetable waxes exported from Germany worldwide, with a combined X% share of total exports. Russia, the UK, the United States, South Korea, Italy, Slovakia, Mexico, Spain, Luxembourg and India lagged somewhat behind, together accounting for a further X%.

Luxembourg, with a CAGR of X%, saw 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

In 2022, the average vegetable waxes export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Vegetable Waxes Imports

Imports into Germany

In 2022, purchases abroad of vegetable waxes increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated prominent 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 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, vegetable waxes imports declined to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value 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 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Brazil (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of vegetable waxes imports to Germany, with a combined X% share of total imports. Belgium, Mexico, India, Poland and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Brazil ($X) constituted the largest supplier of vegetable waxes to Germany, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average vegetable waxes import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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