In 2023, Germany led European paraffin wax exports with 32.8 thousand tonnes of oil equivalent, followed by the Netherlands, Italy, and the UK. Germany exhibited a modest growth of 2.48%, whereas the Netherlands and UK saw greater increases of 5.08% and 5.71%, respectively. Italy and France experienced slight declines. Poland posted a significant 6.13% growth, while Romania saw a remarkable surge of 53.62%. In contrast, perennial exporters like Lithuania and Croatia faced substantial reductions, with Croatia’s exports diminishing sharply by 39.16%.
Future trends to watch for include:
- Potential market consolidation benefiting leading exporters like Germany and the Netherlands.
- Long-term impact of declining Lithuanian and Croatian exports on regional trade dynamics.
- Opportunities for emerging markets such as Romania, driven by exceptional growth rates.
Top countries in Paraffin Waxes Exports Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.8 | 2023 | +0.38% | +2.48% | View data |
| 2 | 2 Netherlands | 19.82 | 2023 | +0.0092% | +5.08% | View data |
| 3 | 3 Italy | 12.19 | 2023 | +2.88% | -0.99% | View data |
| 4 | 4 United Kingdom | 10.39 | 2023 | +4.93% | +5.71% | View data |
| 5 | 5 France | 10.06 | 2023 | +2.99% | -0.75% | View data |
| 6 | 6 Spain | 6.87 | 2023 | +16.89% | +0.8% | View data |
| 7 | 7 Poland | 2.17 | 2023 | +2.74% | +6.13% | View data |
| 8 | 8 Hungary | 1.86 | 2023 | +0.7% | -0.64% | View data |
| 9 | 9 Lithuania | 1.56 | 2023 | -20.74% | -15.86% | View data |
| 10 | 10 Czech Republic | 1.52 | 2023 | +2.07% | +0.52% | View data |
