The import of vegetable waxes to France stood at 1.500 million kilograms in 2023. From 2024 to 2028, forecasts indicate a steady growth in imports with annual slight increases. The year-on-year percentage growth from 2024 to 2025 is approximately 1.5%, closely followed by similar growth trends each subsequent year. The compound annual growth rate (CAGR) forecasted from 2024 to 2028 is approximately 1.5% annually, reflecting a consistent upward trend in imports over this five-year horizon.
Future trends to watch for include:
- Potential changes in global production and supply chains impacting import volumes.
- Market demand shifts due to environmental or regulatory changes promoting biodegradable products.
- Technological advancements in alternative waxes that could affect the market demand.
