Key Market Indicators
Singaporean Wax Import is projected to reach 936,210 kilograms by 2026, down 4.6% year-on-year on average. Since 1994, demand has decreased by 15%. In 2021, Singapore was ranked 64th, with Greece at the top with 1.23 million kilograms. Mexico, Germany and Poland came in 2nd, 3rd and 4th respectively. Meanwhile, Singaporean Wax Export dropped to 542,690 kilograms in 2018, from 711,830 kilograms in 2017, a decrease of 23.8% year-on-year. Since 1994, supply has declined 21.3%. In 2018, Singapore was 27th, with the United Arab Emirates at the top with 542,690 kilograms. Malaysia, Germany and South Africa were ranked 2nd, 3rd and 4th respectively.
