In 2023, Germany led the European export market for artificial and prepared waxes, contributing 45.53% of the total exports by volume. Italy and Denmark followed with 26.17% and 14.57%, respectively. A notable decline was seen in the Netherlands, which experienced a 100% decrease from the previous year. Finland and Estonia emerged as notable gainers, with year-on-year increases of 37.1% and 14.55%, respectively. Over the last five years, the compound annual growth rate (CAGR) for these exports has shown variability, with some countries growing, while others have stalled or declined in market share.
Future trends indicate a potential shift towards smaller countries increasing their market share due to innovations or shifts in production capabilities. Larger economies like Germany and Italy might face challenges in maintaining their current standings due to economic policies or increased competition. Monitoring technological advancements and international trade agreements will be crucial in understanding the future landscape of artificial and prepared wax exports in Europe.
Top countries in Export of Artificial and Prepared Waxes Other than of Polyethylene Glycol Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.53 | 2023 | +7.74% | -0.052% | View data |
| 2 | 2 Italy | 26.17 | 2023 | +3.4% | -2.28% | View data |
| 3 | 3 Denmark | 14.57 | 2023 | +0.47% | +0.21% | View data |
| 4 | 4 Poland | 5.45 | 2023 | +4.52% | +2.55% | View data |
| 5 | 5 Netherlands | 5.2 | 2023 | -17.84% | View data | |
| 6 | 6 France | 3.38 | 2023 | +1.99% | +0.62% | View data |
| 7 | 7 Finland | 1.06 | 2023 | +30.51% | +37.1% | View data |
| 8 | 8 Hungary | 1.03 | 2023 | +5.27% | +3.96% | View data |
| 9 | 9 Portugal | 0.9 | 2023 | +10.11% | -0.47% | View data |
| 10 | 10 Bulgaria | 0.44 | 2023 | +5.33% | +6.05% | View data |
