The Artificial and Prepared Waxes market in Chile, excluding polyethylene glycol, has exhibited fluctuations over the last decade. The market reached its peak per capita value of $1.84 in 2013, declining to $1.2 in 2023. Year-on-year, the market saw a decrease of 0.81% from 2022 to 2023, following a 2.44% increase from 2021 to 2022. From 2018 to 2023, a compound annual growth rate (CAGR) of -3.28% was observed, indicating a downward trend.
Future trends to monitor include potential impacts of technological advancements on the production efficiency and uses of artificial waxes, as well as shifts in consumer preferences towards natural waxes due to sustainability concerns. The global economic conditions and trade policies may also influence market dynamics in the coming years.
