In 2023, Germany dominated the European paraffin waxes opening stock with 46.56 thousand metric tons, demonstrating a significant increase with a 43.49% year-over-year rise. The Netherlands followed with a better position of 12.87 thousand metric tons, although experiencing a lower increase of 1.49%. Spain witnessed a surge by 13.56%, reaching 10.84 thousand metric tons. Poland (9.51 thousand metric tons) and France (8.27 thousand metric tons) also showcased positive growth rates at 5.49% and 3.33%, respectively. Contrarily, the United Kingdom saw a decrease by 4.9%, with 4.46 thousand metric tons.
Looking at future trends, potential factors to watch include the development of more sustainable and cost-effective material alternatives, regulatory changes affecting production and environmental standards, and fluctuating demand from industries such as cosmetics, pharmaceuticals, and packaging. Additionally, geopolitical and economic dynamics might impact trade relationships and production costs across Europe.
Top countries in Paraffin Waxes Opening Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.56 | 2023 | 0% | +43.49% | View data |
| 2 | 2 Netherlands | 12.87 | 2023 | +0.24% | +1.49% | View data |
| 3 | 3 Spain | 10.84 | 2023 | +6.25% | +13.56% | View data |
| 4 | 4 Poland | 9.51 | 2023 | +8.34% | +5.49% | View data |
| 5 | 5 France | 8.27 | 2023 | +3.79% | +3.33% | View data |
| 6 | 6 United Kingdom | 4.46 | 2023 | 0% | -4.9% | View data |
| 7 | 7 Latvia | 2.78 | 2023 | +2.81% | +13.14% | View data |
| 8 | 8 Hungary | 2.55 | 2023 | 0% | 0% | View data |
| 9 | 9 Portugal | 0.99 | 2023 | +0.064% | +13.52% | View data |
| 10 | 10 Lithuania | 0.7 | 2023 | 0% | -21.96% | View data |
