South-Eastern Asia: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in South-Eastern Asia

The Southeast Asian vegetable waxes market contracted dramatically to $X in 2022, shrinking by X% against the previous year. Overall, 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 stood at a somewhat lower figure.

Vegetable Waxes Production in South-Eastern Asia

In value terms, vegetable waxes production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vegetable Waxes Exports

Exports in South-Eastern Asia

In 2022, the amount of vegetable waxes exported in South-Eastern Asia surged to X tons, growing by X% compared with 2021 figures. In general, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable waxes exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), mixing up a X% share of total exports. The following exporters - the Philippines (X tons) and Malaysia (X tons) - each accounted for a X% share of total exports.

Exports from Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Malaysia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) emerged as the largest vegetable waxes supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, vegetable waxes exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price enjoyed a tangible expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Vegetable Waxes Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of vegetable waxes were imported in South-Eastern Asia; stabilizing at 2021 figures. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vegetable waxes imports rose to $X in 2022. Overall, imports showed a slight decrease. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which recorded X% of total imports. Singapore (X tons) took the second position in the ranking, followed by Myanmar (X tons), the Philippines (X tons), Thailand (X tons) and Indonesia (X tons). All these countries together took approx. X% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Thailand (X%) and the Philippines (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Singapore (X p.p.), Myanmar (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and the Philippines saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported vegetable waxes in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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