The 2023 year-on-year analysis of European paraffin waxes imports reveals varied dynamics across countries. Germany leads despite a slight decline of 1.5%, followed by the Netherlands with a 4.53% increase. Poland and the Czech Republic experienced significant growth, with 9.62% and 9.54% respectively. Italy surged by 18.74%, while France remained stable with a modest 0.5% rise. Notably, Lithuania and Ireland faced substantial reductions, marking -20.39% and -23.63% respectively.
Key factors influencing future trends:
- Economic Recovery: Countries like Italy could continue their upward trajectory if economic conditions improve.
- Environmental Regulations: Stricter EU regulations on carbon emissions may impact demand and sourcing strategies.
- Technological Advancements: Advances in wax production technology might influence import patterns and volumes.
Top countries in Paraffin Waxes Imports Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.83 | 2023 | -1.82% | -1.5% | View data |
| 2 | 2 Netherlands | 17.64 | 2023 | +1.84% | +4.53% | View data |
| 3 | 3 Poland | 12.4 | 2023 | +2.52% | +9.62% | View data |
| 4 | 4 Italy | 11.09 | 2023 | +7.51% | +18.74% | View data |
| 5 | 5 France | 8 | 2023 | +9.67% | +0.5% | View data |
| 6 | 6 United Kingdom | 4.93 | 2023 | +0.79% | +5.15% | View data |
| 7 | 7 Czech Republic | 2.53 | 2023 | +2.52% | +9.54% | View data |
| 8 | 8 Spain | 2.17 | 2023 | +24.61% | +3.96% | View data |
| 9 | 9 Belgium | 1.7 | 2023 | +1.77% | +1.54% | View data |
| 10 | 10 Latvia | 1.35 | 2023 | +2.83% | +6.91% | View data |
