Key Market Indicators
The global wax market is set to reach over $616 million by 2026, up from $592 million in 2020. This is an average annual growth rate of 0.7%. The market has grown at a rate of 0.8% each year since 2020. China, Japan, and Germany are the top three countries in terms of wax market value, in that order. The Mauritian wax import total for 2021 was 124,280 kilograms, down 0.5% from 124,880 kilograms in 2020. This is a 15.8% decrease from 1998 levels. Mauritius was ranked 92nd in 2021, behind Macedonia's 124,280 kilograms. Mexico, Germany, and Poland held the top three spots in the ranking.
