Peru: Vegetable Waxes Market 2025

Vegetable Waxes Market Size in Peru

The Peruvian vegetable waxes market contracted modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Peru

In value terms, vegetable waxes production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Waxes Exports

Exports from Peru

In 2022, shipments abroad of vegetable waxes increased by X% to X tons, rising for the third year in a row after six years of decline. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, vegetable waxes exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Mexico 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 Bolivia (X% per year).

In value terms, Mexico ($X), the United States ($X) and Bolivia ($X) constituted the largest markets for vegetable waxes exported from Peru worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average vegetable waxes export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Waxes Imports

Imports into Peru

In 2022, imports of vegetable waxes into Peru contracted sharply to X tons, dropping by X% compared with the previous year's figure. In general, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, vegetable waxes imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of vegetable waxes imports to Peru, with a combined X% share of total imports. These countries were followed by Spain, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of vegetable waxes to Peru, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average vegetable waxes import price amounted to $X per ton, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for Belgium ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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