Key Market Indicators
The global wax market value is projected to reach $42.2 million by 2026, growing at an average annual rate of 1.4%. This is a 4.2% year-on-year increase since 2020. China, Japan and Germany are respectively ranked 2nd, 3rd and 4th. Israeli wax imports are expected to reach 1.7 million kilograms by 2026, with an average year-on-year growth rate of 0.8%. This is a 14.1% year-on-year increase since 2009. In 2021, Israel ranked 56th, with Hungary ahead at 1.7 million kilograms. Mexico, Germany and Poland respectively ranked 2nd, 3rd and 4th. Israeli wax exports decreased by 76.8% from 2017 to 2018, from 246,230 kilograms to 57,060 kilograms. Since 2007, Israeli exports have decreased by 11.4% year-on-year. In 2018, Israel ranked 44th, with Estonia overtaking at 57,060 kilograms. Malaysia, Germany and South Africa respectively ranked 2nd, 3rd and 4th.
