In 2023, the UK's imports of artificial and prepared waxes stood at 6.63 million kilograms. For 2024-2028, forecasts reveal a steady increase, reaching 7.21 million kilograms by 2028. The year-on-year growth percentages showcase a consistent upward trend: 1.77% from 2024 to 2025, 1.71% from 2025 to 2026, 1.65% from 2026 to 2027, and 1.59% from 2027 to 2028. Over the five-year period (2023-2028), the compound annual growth rate (CAGR) is projected at approximately 1.68%.

Future trends to watch for include:

Potential impact of regulatory changes in chemical imports on trade flows.
Innovations in wax applications that might drive demand.
The influence of environmental policies and sustainability trends on synthetic wax consumption.