Key Market Indicators
The global wax market is projected to reach $466 million by 2026. This compares to a market value of $468 million in 2020, representing an average annual decline of 0.1%. Over the same period, the market has grown by an average of 0.8% year on year. In terms of market share, China, Japan and Germany ranked second, third and fourth respectively. French wax imports are set to reach 22 million kilograms by 2026, up from 20.6 million kilograms in 2021. This figure represents an average annual growth rate of 1.1%. Since 1999, French demand has increased by an average of 3.9% year on year. Thailand ranked ahead of France in 2021, with 20.6 million kilograms. Mexico, Germany and Poland were the second, third and fourth-ranked countries respectively. French wax exports totalled 1.3 million kilograms in 2018, up from 624,890 kilograms in 2017 - a rise of 107.7%. Since 1999, French supply has decreased by an average of 19.6% year on year. Thailand ranked ahead of France in 2018, with 1.3 million kilograms. Malaysia, Germany and South Africa were the second, third and fourth-ranked countries respectively.
