South Africa - Vegetable Waxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Waxes Price in South Africa - 2023
Contents:
- Vegetable Waxes Price in South Africa (CIF) - 2023
- Vegetable Waxes Price in South Africa (FOB) - 2022
- Vegetable Waxes Imports in South Africa
- Vegetable Waxes Exports in South Africa
Vegetable Waxes Price in South Africa (CIF) - 2023
The average vegetable waxes import price stood at $4,762 per ton in July 2023, increasing by 4.7% against the previous month. Overall, the import price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in November 2022 an increase of 185% m-o-m. The import price peaked at $17,935 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Mexico ($14,712 per ton), while the price for Brazil stood at $4,572 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.4%), while the prices for the other major suppliers experienced a decline.
Vegetable Waxes Price in South Africa (FOB) - 2022
In 2022, the average vegetable waxes export price amounted to $4,688 per ton, with a decrease of -37.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 102%. The export price peaked at $7,514 per ton in 2021, and then fell rapidly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($23,531 per ton), while the average price for exports to Zambia ($2,129 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 Angola (+1,838.9%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Waxes Imports in South Africa
In 2022, the amount of vegetable waxes imported into South Africa surged to 372 tons, increasing by 38% on the previous year's figure. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, vegetable waxes imports surged to $2M in 2022. Overall, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Waxes in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,775 | 1,219 | 1,222 | 1,735 | -0.8% |
| Turkey | N/A | N/A | N/A | 80.2 | 0% |
| China | 12.4 | 14.2 | 53.6 | 40.3 | 48.1% |
| Others | 85.2 | 47.1 | 151 | 99.5 | 5.3% |
| Total | 1,873 | 1,280 | 1,427 | 1,955 | 1.4% |
Top Suppliers of Vegetable Waxes to South Africa in 2022:
- Brazil (317.6 tons)
- Turkey (33.8 tons)
- China (11.0 tons)
Vegetable Waxes Exports in South Africa
Vegetable waxes exports from South Africa skyrocketed to 24 tons in 2022, rising by 149% on the previous year. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 896%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, vegetable waxes exports surged to $114K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,862%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Waxes in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | N/A | N/A | 2.7 | 45.1 | 1570.4% |
| Zimbabwe | 0.1 | 0.5 | 0.6 | 41.2 | 644.1% |
| Kenya | N/A | N/A | 0.4 | 19.5 | 4775.0% |
| South Korea | N/A | N/A | N/A | 5.9 | 0% |
| Botswana | 2.6 | 1.8 | 0.4 | 0.1 | -66.2% |
| Germany | N/A | N/A | 53.8 | N/A | 0% |
| Others | 2.8 | 1.5 | 15.7 | 2.4 | -5.0% |
| Total | 5.5 | 3.8 | 73.6 | 114 | 174.7% |
Top Export Markets for Vegetable Waxes from South Africa in 2022:
- Swaziland (16.0 tons)
- Kenya (5.5 tons)
- Zimbabwe (1.8 tons)
- South Korea (0.5 tons)
- Botswana (0.1 tons)
This report provides an in-depth analysis of the vegetable waxes market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10417100 - Vegetable waxes (including refined) (excluding triglycerides)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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