Southern Asia: Vegetable Waxes Market 2024

Vegetable Waxes Market Size in Southern Asia

The South Asian vegetable waxes market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Waxes Production in Southern 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 pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Waxes Exports

Exports in Southern Asia

In 2022, exports of vegetable waxes in Southern Asia soared to X tons, rising by X% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, vegetable waxes exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from India (X tons), together accounting for X% of total export.

India was also the fastest-growing in terms of the vegetable waxes exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest vegetable waxes supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, almost unchanged from the previous year. Export price indicated a prominent increase from 2012 to 2022: its price 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, vegetable waxes export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Vegetable Waxes Imports

Imports in Southern Asia

In 2022, vegetable waxes imports in Southern Asia contracted notably to X tons, waning by X% on the previous year's figure. Overall, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, vegetable waxes imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

India represented the key importer of vegetable waxes in Southern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Pakistan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (X%).

India experienced a relatively flat trend pattern with regard to volume of imports of vegetable waxes. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported vegetable waxes in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price 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. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($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 other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :