Key Market Indicators
Vietnamese Wax Imports are set to reach nearly 14.3 million kilograms by 2026, up from 12 million kilograms in 2021. This is an average annual growth rate of 2.9%. Since 2009, the demand for wax in Vietnam has risen 6.8% per year on average. Mexico, Germany, and Poland are the second, third, and fourth largest importers, respectively. On the export side, Vietnam is projected to ship out nearly 4.8 million kilograms of wax in 2021, a slight decrease of 2.4% compared to the previous year. Since 2009, wax exports from Vietnam have grown 14.8% annually. Malaysia, Germany, and South Africa are the second, third, and fourth largest exporters, respectively.
