In 2023, Brazil dominated the global export of vegetable waxes, holding a significant lead with 60.92% of the market share in value terms. Trailing far behind are the United States (9.95%), Germany (8.59%), and Mexico (4.58%). Noteworthy year-on-year variations show dynamic changes with Canada's exports surging by 14.7% and the UAE's by an impressive 59.08%. In contrast, Spain and Malaysia faced declines of 6.86% and 19.58%, respectively. Over the last five years, South Korea and India have emerged as fast-growing exporters, with the latter maintaining a CAGR of 5.8%.
Future trends to watch include potential growth in South Korea and India due to rising global demand for sustainable products and increasing production capabilities. The stability of Brazil's dominance may be challenged by emerging markets and shifts in environmental regulations affecting production and consumption patterns globally.
Top countries in Export of Vegetable Waxes Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 60.92 | 2023 | +0.88% | +1.8% | View data |
| 2 | 2 United States | 9.95 | 2023 | +2.41% | +2.83% | View data |
| 3 | 3 Germany | 8.59 | 2023 | +2.38% | +3.01% | View data |
| 4 | 4 Mexico | 4.58 | 2023 | +0.95% | +0.17% | View data |
| 5 | 5 Japan | 4.07 | 2023 | -0.096% | +2.77% | View data |
| 6 | 6 Netherlands | 2.71 | 2023 | +2.19% | +2.85% | View data |
| 7 | 7 United Kingdom | 2.39 | 2023 | +3.98% | +3.94% | View data |
| 8 | 8 China | 2.32 | 2023 | +3.79% | +1.3% | View data |
| 9 | 9 France | 2.27 | 2023 | +2.63% | +3.43% | View data |
| 10 | 10 Belgium | 2.02 | 2023 | +5.18% | +1.95% | View data |
