Key Market Indicators
The country ranked number 43 in 2017, India came ahead with 246,000 Kilograms. China, Germany and Switzerland respectively ranked numbers 2, 3 and 4 in this ranking. The global wax market value is expected to grow by 2.4% year on year average rate, reaching $109,790,000 by 2026. In 2020, it was valued at $95,215,000. China, Japan and Germany ranked second, third and fourth, respectively. Pakistani wax imports are predicted to decline by 0.7% year on year average rate, reaching 2,896,400 Kilograms by 2026. In 2021, it was 3,023,200 Kilograms. Ukraine topped the ranking with 3,023,200 Kilograms, followed by Mexico, Germany and Poland. Pakistani wax exports dropped by 91.1% from 2016 to 2017, from 246,000 Kilograms to 22,000 Kilograms. Since 2008, the country has seen a 35.1% year on year decrease. In 2017, India was ahead with 246,000 Kilograms, while China, Germany and Switzerland were ranked second, third and fourth, respectively.
