Greece: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Greece

The Greek vegetable waxes market contracted slightly to $X in 2022, leveling off at the previous year. Overall, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vegetable Waxes Production in Greece

In value terms, vegetable waxes production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by 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 Greece

In 2022, approx. X tons of vegetable waxes were exported from Greece; with a decrease of X% on 2021 figures. Over the period under review, exports showed a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable waxes exports shrank markedly to $X in 2022. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X kg), Bulgaria (X kg) and Italy (X kg) were the main destinations of vegetable waxes exports from Greece, with a combined X% share of total exports.

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

In value terms, Cyprus ($X) remains the key foreign market for vegetable waxes exports from Greece, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average vegetable waxes export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed notable growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 France ($X per ton), while the average price for exports to Bulgaria ($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 Romania (X%), while the prices for the other major destinations experienced a decline.

Vegetable Waxes Imports

Imports into Greece

Vegetable waxes imports into Greece surged to X tons in 2022, rising by X% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable waxes imports expanded notably to $X in 2022. In general, imports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest vegetable waxes supplier to Greece, with a X% share of total imports. Moreover, vegetable waxes imports from Malaysia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Estonia (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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Estonia (X% per year).

In value terms, the largest vegetable waxes suppliers to Greece were Estonia ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of 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, with a decrease of X% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell notably in the following year.

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

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

Source: IndexBox Platform

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