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Fat and wax residues: top exporters and importers (2024)

In 2024, world trade in fat and wax residues totaled $671 million (1.1 million tonnes). The top exporters were Indonesia (37%), Malaysia (24%) and the Netherlands (7%); the top importers were Spain (29%), Italy (21%) and France (7%). Compared with 2019, the value rose 300%.

Summary

World trade
$671million
Tonnes
1.1million tonnes
Price per tonne
$617
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$249 million · 37%
  2. Malaysia$161 million · 23.9%
  3. Netherlands$45 million · 6.7%
    re-exports
  4. Spain$33 million · 4.9%
  5. Belgium$20 million · 3%
    re-exports
  6. Turkey$19 million · 2.8%
  7. Romania$17 million · 2.6%
  8. Italy$14 million · 2.1%
  9. Germany$11 million · 1.7%
  10. United States$9 million · 1.4%
  11. France$9 million · 1.4%
  12. Argentina$8 million · 1.2%
  13. Hungary$7 million · 1%
  14. Brazil$6 million · 0.85%
  15. China$5 million · 0.8%
  16. Croatia$5 million · 0.72%
  17. Thailand$4 million · 0.59%
  18. Côte d'Ivoire$4 million · 0.56%
  19. Estonia$3 million · 0.49%
  20. South Africa$3 million · 0.4%

Top importers

  1. Spain$192 million · 28.7%
  2. Italy$144 million · 21.4%
  3. France$45 million · 6.8%
  4. United Kingdom$31 million · 4.6%
  5. Netherlands$27 million · 4%
    re-exports
  6. Germany$24 million · 3.5%
  7. Belgium$23 million · 3.5%
    re-exports
  8. Malaysia$22 million · 3.3%
  9. Portugal$22 million · 3.3%
  10. Finland$19 million · 2.8%
  11. Japan$19 million · 2.8%
  12. Denmark$18 million · 2.7%
  13. Sweden$14 million · 2.1%
  14. China$13 million · 1.9%
  15. South Korea$12 million · 1.8%
  16. Hungary$11 million · 1.6%
  17. Bulgaria$6 million · 0.92%
  18. Croatia$6 million · 0.92%
  19. Turkey$6 million · 0.86%
  20. Austria$4 million · 0.54%

Trend

Who sells it

Indonesia has been the top exporter since 2022

Value in USD millions. The five largest exporters in 2024.

  • Indonesia 249
  • Malaysia 161
  • Netherlands 44.6
  • Spain 32.7
  • Belgium 20.3

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia0.48249
Malaysia10.1161
Netherlands5.544.6
Spain0.5732.7
Belgium2.120.3

Price

Implied price

The price per tonne rose 77% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $617

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$349
1996$371
1997$346
1998$322
1999$207
2000$220
2001$192
2002$180
2003$234
2004$235
2005$253
2006$266
2007$355
2008$406
2009$266
2010$329
2011$383
2012$397
2013$437
2014$327
2015$286
2016$350
2017$410
2018$378
2019$386
2020$451
2021$431
2022$710
2023$675
2024$617

What it includes

  • 1522 · Fat and wax residues

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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