In 2023, Germany led the European production of artificial and prepared waxes at 225.05 million kilograms, followed by Italy and Spain. Denmark and the Netherlands exhibited significant growth with 8.26% and 6.97% increases, respectively. Finland and Estonia showcased remarkable growth with increases of 11.47% and 26.37%, albeit from smaller bases. In contrast, Sweden saw a notable decline of 12.84% over the past year.
Looking ahead, European production of artificial and prepared waxes may witness increased consolidation with Germany retaining a leading role. New technological advancements in wax production may drive efficiency and output, particularly in countries with smaller scales currently. Environmental regulations across Europe could also impact production methods and volumes in the coming years.
Top countries in Sold Production of Artificial and Prepared Waxes by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 225,050,000 | 2023 | +3.4% | +1.95% | View data |
| 2 | 2 Italy | 132,190,000 | 2023 | +1.02% | -0.24% | View data |
| 3 | 3 Spain | 89,987,000 | 2023 | +7.14% | +0.47% | View data |
| 4 | 4 Denmark | 89,535,000 | 2023 | +1.84% | +8.26% | View data |
| 5 | 5 United Kingdom | 38,593,000 | 2023 | +2.79% | +1.36% | View data |
| 6 | 6 Netherlands | 34,101,000 | 2023 | +14.22% | +6.97% | View data |
| 7 | 7 France | 14,912,000 | 2023 | +0.76% | +1.45% | View data |
| 8 | 8 Finland | 289,200 | 2023 | +21.14% | +11.47% | View data |
| 9 | 9 Sweden | 116,830 | 2023 | -56.23% | -12.84% | View data |
| 10 | 10 Hungary | 7,470 | 2023 | +5.77% | View data |
