Waxes; Artificial, Prepared Price in Brazil - 2023

Waxes; Artificial, Prepared Price in Brazil (CIF) - 2023

In July 2023, the average waxes; artificial, prepared import price amounted to $3,350 per ton, falling by -17.2% against the previous month. In general, the import price saw a noticeable descent. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 11% against the previous month. As a result, import price attained the peak level of $4,325 per ton. From April 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($4,303 per ton), while the price for Argentina ($990 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Argentina (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Waxes; Artificial, Prepared Price in Brazil (FOB) - 2022

The average waxes; artificial, prepared export price stood at $4,059 per ton in 2022, rising by 31% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared export price increased by +85.9% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,917 per ton), while the average price for exports to Italy ($2,811 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 the United States (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Brazil

For the fourth year in a row, Brazil recorded growth in supplies from abroad of waxes; artificial, prepared, which increased by 7.8% to 22K tons in 2022. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, waxes; artificial, prepared imports soared to $86M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Waxes; Artificial, Prepared in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	13.7	15.4	17.6	22.7	18.3%
China	6.3	7.3	11.9	18.9	44.2%
Germany	9.9	11.8	13.2	17.3	20.4%
Mexico	2.6	3.1	2.8	5.7	29.9%
Denmark	2.9	3.2	3.1	4.0	11.3%
Malaysia	1.3	1.5	1.9	2.3	20.9%
Spain	0.2	0.7	1.2	2.0	115.4%
Italy	1.6	1.7	1.8	1.9	5.9%
South Korea	0.2	0.4	1.0	1.3	86.6%
Argentina	0.2	0.3	0.3	0.2	0.0%
Others	10.3	8.4	8.3	9.5	-2.7%
Total	49.2	53.8	63.1	85.8	20.4%

Top Suppliers of Waxes; Artificial, Prepared to Brazil in 2022:

United States (5.6K tons)
China (5.0K tons)
Germany (3.3K tons)
Mexico (2.4K tons)
Denmark (1.5K tons)
Malaysia (0.7K tons)
Spain (0.7K tons)
South Korea (0.5K tons)
Italy (0.4K tons)
Argentina (0.4K tons)

Waxes; Artificial, Prepared Exports in Brazil

Waxes; artificial, prepared exports from Brazil reduced to 2.8K tons in 2022, waning by -12.8% on the year before. Over the period under review, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 19%.

In value terms, waxes; artificial, prepared exports expanded notably to $11M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Export of Waxes; Artificial, Prepared in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	2,225	2,592	2,994	3,478	16.1%
Colombia	1,088	967	1,550	1,978	22.0%
Paraguay	988	903	732	1,632	18.2%
Mexico	92.2	328	1,495	1,312	142.3%
United States	148	127	904	586	58.2%
Germany	125	0.3	1.6	331	38.3%
South Africa	361	91.5	77.2	236	-13.2%
Ecuador	77.7	70.8	102	177	31.6%
Dominican Republic	385	259	109	82.3	-40.2%
Italy	622	227	396	76.5	-50.3%
Israel	166	135	196	33.7	-41.2%
Peru	175	154	212	6.4	-66.8%
Chile	309	209	331	5.5	-73.9%
Others	881	531	738	1,346	15.2%
Total	7,644	6,595	9,838	11,281	13.9%