Key Market Indicators
The global wax market is projected to reach a value of $151.1 million by 2026, up 0.1% from 2020. China, Japan and Germany occupy the top three positions in this ranking. Thailand's wax import is estimated to reach 24.1 million kilograms by 2026, an increase of 1.6% annually since 1993. In 2021, Italy was the top importer, followed by Mexico, Germany and Poland. Thailand's wax export saw a 365.2% increase in 2018, up from 287,730 kilograms in 2017. Since 1997, Thai wax exports have grown 36.3% year on year. Slovenia was the top exporter in 2018, followed by Malaysia, Germany and South Africa.
