Global Wax Trends in 2022
Wax is part of Materials. You may also be interested in Chemicals.
Global wax imports are expected to reach nearly 960 million kilograms by 2026, a 0.1% year-on-year growth from 2021. Since 2016, demand has decreased by 0.9% annually. The United States was the top wax importer in 2021 with 199 million kilograms, followed by Mexico, Germany, and Poland. Saudi Arabia had the highest year-on-year increase of 74.4%, while Namibia experienced a year-on-year decrease of 68.7%. Global wax exports are expected to reach 1.2 billion kilograms by 2026, a 0.5% year-on-year growth from 2021. Since 2016, supply has dropped by 1.6% per year. In 2021, China was the number one wax exporter with 518 million kilograms, followed by Malaysia, Germany, and South Africa. Lebanon had the largest year-on-year increase of 65%, while Peru experienced a year-on-year decrease of 76.6%. The global wax market value is forecasted to reach around $11.3 billion by 2026, a 0.7% year-on-year growth from 2021. Since 2017, the market has grown by 1.8% annually. The United States was the top global wax market in 2021 with $3.5 billion, followed by China, Japan, and Germany. Ukraine saw an increase of 5% year-on-year, and Luxembourg experienced a decrease of 3.3% since 2017.
Top 10 countries
In 2022 major markets in the Wax Industry were:
Wax Market Data and Forecasts
How big is the Wax industry in 2022
More in Wax Industry in major countriesGlobal Wax Statistics
- Wax Import 197 countries (Europe, Asia, Western Europe...)
- Wax Export 184 countries (Europe, Asia, Western Europe...)
- Wool Import 212 countries (Europe, Asia, Africa...)
- Wool Export 200 countries (Europe, Asia, Western Europe...)
- Cleaning Compound Import 191 countries (Africa, Asia, Sub-Saharan Africa...)
- Cleaning Compound Export 184 countries (Asia, Latin America, Africa...)
- Crude Oil Import 219 countries (Asia, Europe, Africa...)
- Paper Import 193 countries (Asia, Africa, Sub-Saharan Africa...)
- Crude Oil Export 229 countries (Europe, Asia, Southern Europe...)
- Paper Export 192 countries (Asia, Latin America, Europe...)
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