Portugal: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Portugal

The Portuguese vegetable waxes market contracted rapidly to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a mild increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Vegetable Waxes Production in Portugal

In value terms, vegetable waxes production totaled $X in 2022 estimated in export price. Overall, production recorded a noticeable curtailment. The pace of growth was the most pronounced in 2015 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 remained at a lower figure.

Vegetable Waxes Exports

Exports from Portugal

In 2022, the amount of vegetable waxes exported from Portugal soared to X tons, jumping by X% against 2021. Over the period under review, exports, however, continue to indicate a significant contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vegetable waxes exports skyrocketed to $X in 2022. In general, exports, however, saw a significant decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 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

Mozambique (X tons) was the main destination for vegetable waxes exports from Portugal, accounting for a X% share of total exports. Moreover, vegetable waxes exports to Mozambique exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was held by Angola (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Angola (X% per year).

In value terms, Mozambique ($X), Poland ($X) and Angola ($X) were the largest markets for vegetable waxes exported from Portugal worldwide, together accounting for X% of total exports. These countries were followed by France, which accounted for a further X%.

Among the main countries of destination, France, with a CAGR of X%, saw the highest growth rate of 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, shrinking by X% against the previous year. In general, the export price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Mozambique ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Waxes Imports

Imports into Portugal

In 2022, imports of vegetable waxes into Portugal dropped significantly to X tons, waning by X% against the previous year. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, vegetable waxes imports declined significantly to $X in 2022. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest vegetable waxes supplier to Portugal, with a X% share of total imports. Moreover, vegetable waxes imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Spain ($X), China ($X) and Italy ($X) appeared to be the largest vegetable waxes suppliers to Portugal, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vegetable waxes import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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