In 2023, Poland led the European paraffin waxes consumption at over 21 thousand tonnes of oil equivalent, experiencing a growth of 2.35% compared to the prior year. Italy showed the most significant increase with a 16.07% rise, whereas Ireland saw a sharp decline by 32.8%. Meanwhile, the Netherlands observed a notable decrease of 9.92%, and Germany also contracted slightly by 3.59%. Over the past five years, growth patterns varied widely, with countries like Italy and the Czech Republic showing strong upward trends, whereas others like Ireland and Iceland trended downward.
Looking forward, several trends may shape the consumption of paraffin waxes across Europe:
- Continued growth in Italy and Poland driven by industrial and consumer demand.
- Potential recovery or stabilization in countries with declining trends, such as the Netherlands and Ireland.
- Increasing focus on sustainable alternatives might affect paraffin wax consumption overall.
- Emerging regulatory changes and environmental concerns pushing the wax industry towards innovation.
Top countries in Paraffin Waxes Available for Final Consumption Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 21.85 | 2023 | +1.41% | +2.35% | View data |
| 2 | 2 Germany | 17.69 | 2023 | -2.1% | -3.59% | View data |
| 3 | 3 Italy | 13.81 | 2023 | +1.67% | +16.07% | View data |
| 4 | 4 Netherlands | 13.48 | 2023 | +5.63% | -9.92% | View data |
| 5 | 5 France | 7.38 | 2023 | -1.12% | -2.99% | View data |
| 6 | 6 United Kingdom | 6.41 | 2023 | +0.42% | +4.13% | View data |
| 7 | 7 Spain | 5.22 | 2023 | +0.16% | -0.34% | View data |
| 8 | 8 Czech Republic | 3.39 | 2023 | +5.75% | +10.88% | View data |
| 9 | 9 Belgium | 2.19 | 2023 | +0.92% | +1.2% | View data |
| 10 | 10 Hungary | 1.93 | 2023 | -2.42% | -0.97% | View data |
