Key Market Indicators
The global wax market value is predicted to reach $67.1 million by 2026, up 0.8% year-on-year from 2020's $64 million. China, Japan and Germany hold the second, third and fourth spots, respectively. Swiss wax exports are estimated to reach 615,420 kilograms by 2026, an annual growth of 3.5% from 2021's 500,680 kilograms. This is 8.3% higher than the 1993 export figures. Austria took the lead in 2021 with 500,680 kilograms, while Malaysia, Germany and South Africa occupied the second, third and fourth spots, respectively. On the other hand, Swiss wax imports are projected to drop 6.9% year-on-year to 1.34 million kilograms in 2026 from 2.03 million kilograms in 2021. This is 6.7% lower than the 1993 import figures. Belgium led the market in 2021 with 2.03 million kilograms, followed by Mexico, Germany and Poland in second, third and fourth places, respectively.
