In 2023, Poland led in European paraffin wax consumption, with a slight growth of 2.35%. Italy and the Czech Republic experienced notable increases of over 10%, signaling rising demand. In contrast, Germany and the Netherlands saw declines of 3.59% and 9.92%, respectively, indicating changing market conditions or supply constraints. Ireland and Iceland faced significant reductions, highlighting particular volatility in these markets.
Looking ahead, trends to monitor include Poland's steady demand growth, Italy's continued expansion, and a potential recovery in Germany. Environmental regulations and shifts to sustainable alternatives may impact consumption dynamics in the coming years across Europe.
Top countries in Paraffin Waxes Available for Final Consumption by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 166.02 | 2023 | +1.41% | +2.35% | View data |
| 2 | 2 Germany | 134.44 | 2023 | -2.1% | -3.59% | View data |
| 3 | 3 Italy | 104.95 | 2023 | +1.67% | +16.07% | View data |
| 4 | 4 Netherlands | 102.45 | 2023 | +5.63% | -9.92% | View data |
| 5 | 5 France | 56.08 | 2023 | -1.12% | -2.99% | View data |
| 6 | 6 United Kingdom | 48.69 | 2023 | +0.42% | +4.13% | View data |
| 7 | 7 Spain | 39.64 | 2023 | +0.16% | -0.34% | View data |
| 8 | 8 Czech Republic | 25.74 | 2023 | +5.75% | +10.88% | View data |
| 9 | 9 Belgium | 16.63 | 2023 | +0.92% | +1.2% | View data |
| 10 | 10 Hungary | 14.66 | 2023 | -2.42% | -0.97% | View data |
