As of 2023, China leads as the top exporter of petroleum jelly and mineral waxes with an export value of $605.07 million, followed by Germany and the United States at $340.19 million and $288.59 million, respectively. Over the past two years, China showed a significant growth, strengthening its position in the market. South Africa and Malaysia have also shown notable increases in their export values, indicating a possible strategic expansion or investments in these sectors.
Forecasts for 2024 suggest stabilization in market positions:
- China: Continued dominance with potential modifications in trade policies.
- Germany and U.S.: Sustained exports with a focus on technological advancements.
- Emerging markets: Growth in South Africa and Egypt should be monitored for possible shifts in supply chains.
Top countries in Top Exporters of Petroleum Jelly and Mineral Waxes
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 605.07 | 2016 | |
| 2 | 2 Germany | 340.19 | 2016 | |
| 3 | 3 United States | 288.59 | 2016 | |
| 4 | 4 South Africa | 190.04 | 2016 | |
| 5 | 5 Malaysia | 184 | 2016 | |
| 6 | 6 Netherlands | 165.66 | 2016 | |
| 7 | 7 Russia | 129.86 | 2016 | |
| 8 | 8 Egypt | 126.69 | 2016 | |
| 9 | 9 Canada | 111.05 | 2016 | |
| 10 | 10 Italy | 86.52 | 2016 |
