The UK’s forecasted import of paraffin wax from 2024 to 2028 indicates a downward trend, with a continuous year-on-year decline in volume. Starting at 8.5337 million kilograms in 2024, it is expected to decrease steadily to 6.9253 million kilograms by 2028. In 2023, the actual import volume stood higher, but specific details are not provided. The compound annual growth rate (CAGR) suggests an average yearly decrease in imports over this period.
Future trends to monitor include potential shifts in global paraffin wax supply chains, advancements in alternative materials, and changes in regulatory environments, which could impact demand and import volumes in the UK market.
