Key Market Indicators
The value of the global wax market is set to reach $39.1 million by 2026, a 1.3% year-on-year average growth rate since 2020. China, Japan and Germany respectively ranked second, third and fourth. Romanian wax imports are projected to reach 2.6 million kilograms by 2026, a 1.6% year-on-year CAGR since 2021. Since 1997, Romanian demand has risen 2.4% year-on-year and the country ranked 45th in 2021, Ecuador overtaking with 2.4 million kilograms. Mexico, Germany and Poland respectively ranked second, third and fourth. Romanian wax exports grew 16.3% in 2018 to 8,140 kilograms from 7,000 kilograms in 2017. Since 1994, Romanian supply has declined 17.4% year-on-year and the country ranked 56th in 2018, Croatia coming ahead with 8,140 kilograms. Malaysia, Germany and South Africa respectively ranked second, third and fourth.
