In 2024, Germany leads Europe with paraffin waxes opening stock at 73,000 metric tons, showing robust growth of 43.49% year-on-year in 2023. The Netherlands and Spain follow, with stocks at 20,170 and 17,000 metric tons respectively, experiencing smaller increases. Poland, France, and Latvia also noted stock increases, while the United Kingdom saw a decline. Notably, Lithuania experienced a sharp decrease in stock levels by 21.96%. Over the last five years, the compounded annual growth rate highlights fluctuating trends with significant increases in Germany and stability or modest growth elsewhere.
Future trends to watch include market dynamics in Germany, as its substantial stock increase may influence regional supply-demand balance. The Netherlands and Spain's growth trajectory suggests expanding influences in European distribution networks. Additionally, monitoring fluctuations in smaller markets like Lithuania could uncover emerging shifts in supply chain strategies or production efficiencies, affecting overall European paraffin wax trade.
Top countries in Paraffin Waxes Opening Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73 | 2023 | 0% | +43.49% | View data |
| 2 | 2 Netherlands | 20.17 | 2023 | +0.24% | +1.49% | View data |
| 3 | 3 Spain | 17 | 2023 | +6.25% | +13.56% | View data |
| 4 | 4 Poland | 14.91 | 2023 | +8.34% | +5.49% | View data |
| 5 | 5 France | 12.96 | 2023 | +3.79% | +3.33% | View data |
| 6 | 6 United Kingdom | 7 | 2023 | 0% | -4.9% | View data |
| 7 | 7 Latvia | 4.36 | 2023 | +2.81% | +13.14% | View data |
| 8 | 8 Hungary | 4 | 2023 | 0% | 0% | View data |
| 9 | 9 Portugal | 1.56 | 2023 | +0.064% | +13.52% | View data |
| 10 | 10 Lithuania | 1.1 | 2023 | 0% | -21.96% | View data |
