Key Market Indicators
The global Wax market is expected to reach $617 million by 2026, rising at a compound annual growth rate of 1.1% between 2020 and 2026. In 2020, the market was valued at $576.5 million, an increase of 1.6% on the previous year. China, Japan and Germany are the top three countries in terms of market value. Malagasy Wax imports reached 167,700 kilograms in 2018, up 14.3% from the 146,700 kilograms imported in 2017. However, since 1995, imports have declined by 0.3% year-on-year. Mauritius overtook Madagascar as the 88th largest importer in 2018. Mexico, Germany and Poland came in second, third and fourth place respectively.
