The forecast for paraffin waxes gross inland consumption in Germany shows a continuous decline from 2024 to 2028, with values dropping from 729.74 GWh in 2024 to 323.52 GWh in 2028. This reflects a significant downward trend, indicating a substantial reduction in consumption.
Key observations on the year-on-year percentage changes reveal significant declines each year: -14.1% between 2024 and 2025, -16.3% from 2025 to 2026, -19.3% from 2026 to 2027, and -23.6% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately -17.1%, highlighting a sustained and substantial decrease in consumption.
Future trends to watch for include:
- Technological advancements or alternatives affecting paraffin wax demand.
- Regulatory changes focused on sustainable energy practices.
- Shifts in industrial applications that traditionally rely on paraffin waxes.
