Key Market Indicators
The wax market value is expected to reach $9.2 billion by 2026, growing on average by 0% year-on-year. In 2020, market decreased by 1.4% compared to the previous year. China, Japan, and Germany are the top three countries in this ranking. Moroccan wax import is predicted to reach 1.1 million kilograms in 2026, falling by 10.3% year-on-year on average. Since 1998, the demand for Moroccan wax decreased by 13.3%. In 2021, the country ranked 50th in the ranking, with Lithuania coming ahead at 1.9 million kilograms. Mexico, Germany, and Poland are the next three countries in this ranking. Moroccan wax export saw an impressive 3,900% increase from 2017 to 2018, from 5 kilograms to 200 kilograms. In 2018, the country ranked 64th, with Macedonia overtaking at 200 kilograms. Malaysia, Germany, and South Africa are the next three countries in this ranking.
