Key Market Indicators
Exports of wax from Russia are expected to reach almost 20 million kilograms by 2026, a 0.7% drop from 2021's figures of 20.25 million kilograms. Since 2001, Russian wax exports have risen by 1.6% annually on average. In 2021, the US was the top exporter with 20.25 million kilograms, followed by Malaysia, Germany and South Africa. Imports of wax to Russia are forecast to dip to 735,680 kilograms by 2026, a 1% decrease from 782,650 kilograms in 2021. Since 2001, the demand for wax in Russia has decreased by 4.3% year-on-year. Norway was the largest importer in 2021 with 782,650 kilograms, followed by Mexico, Germany and Poland.
