The Artificial and Prepared Waxes (Without Polyethylene Glycol) market in Jordan displayed fluctuations over the past decade, with a value per capita standing at $0.09 in 2023. The market peaked at $0.13 in 2015 and then trended downward, reaching its lowest at $0.078 in 2020. Recent years saw slight recoveries, yet the 2023 value continued to mirror a modest decline from past heights.
Key Observations:
- The year-on-year variation from 2022 to 2023 indicates a marginal decline of approximately 1.1%.
- From 2021 to 2022, the decrease was roughly 2.15%.
- A five-year CAGR reveals an average annual decrease of about 0.31% from 2019 to 2023.
Future trends to watch include potential market stabilization, resurgence in demand tied to industrial activities, and variations driven by regional economic conditions. Monitoring global supply chain trends and technological advancements in wax applications could influence future market dynamics significantly.
