Key Market Indicators
In 2021, Argentina ranked number 28 in this ranking. USA, Germany and Poland respectively were numbers 2, 3 and 4 in this ranking. The global Wax market value is projected to increase to $106.1 million by 2026, representing a 0.1% year-on-year average growth rate. The market rose by 0.2% annually since 2020. China, Japan and Germany were the top three countries in terms of market value. Argentinian Wax Import is forecasted to reach 7.6 million kilograms by 2026, up 3% year-on-year from 2021. Since 1998, Argentinian demand has dropped by 1.8% annually. In 2021, Bangladesh led the ranking with 6.4 million kilograms while Argentina was number 27. Mexico, Germany and Poland were numbers 2, 3 and 4 respectively. Argentina's Wax Export dropped 97% year-on-year in 2017 to 453 kilograms, from 15,000 kilograms in 2016. Since 1998, Argentinian supply has gone down by 9.1% on average. In 2021, the country ranked 28th in the world. USA, Germany and Poland were numbers 2, 3 and 4 respectively.
