In 2023, Germany led European paraffin wax imports with 36.55 thousand tonnes, though it only saw a marginal growth of 0.47% year-on-year. Notable increases were observed in Italy and Poland, with 16.52% and 9.81% respectively, while Ireland had a significant decrease of 23.63%. Lithuania also experienced a notable decline of 13.5%. Countries with moderate gains included the Czech Republic, United Kingdom, and Romania. Overall, the five-year compound annual growth rate reveals an evolving market with sporadic shifts.
Looking ahead, fluctuations in demand shaped by evolving industrial needs and environmental regulations may lead to shifts in paraffin wax import patterns. Sustainable production practices may gain prominence, affecting traditional supply sources and market dynamics.
Top countries in Paraffin Waxes Imports Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.55 | 2023 | +0.0066% | +0.47% | View data |
| 2 | 2 Netherlands | 17.38 | 2023 | +1.69% | +4.7% | View data |
| 3 | 3 Poland | 12.09 | 2023 | +2.79% | +9.81% | View data |
| 4 | 4 Italy | 9.88 | 2023 | +2.83% | +16.52% | View data |
| 5 | 5 France | 6.88 | 2023 | +3.31% | -2.03% | View data |
| 6 | 6 United Kingdom | 4.83 | 2023 | +0.79% | +5.15% | View data |
| 7 | 7 Czech Republic | 2.47 | 2023 | +2.83% | +9.68% | View data |
| 8 | 8 Spain | 2.13 | 2023 | +25.14% | +4.02% | View data |
| 9 | 9 Belgium | 1.68 | 2023 | +0.84% | +1.17% | View data |
| 10 | 10 Lithuania | 1.37 | 2023 | -17.04% | -13.5% | View data |
