Based on the forecasted data, France's paraffin waxes stock is set to gradually increase from 1.28 thousand tonnes of oil equivalent in 2024 to 1.32 by 2028. This steady annual growth represents a Compound Annual Growth Rate (CAGR) of approximately 0.78% over the five-year period. As of 2023, the stock stood at 1.27 thousand tonnes of oil equivalent. Such consistent increases reflect positive stock accumulation trends, indicative of stable demand or strategic reserves build-up in France.
Future trends to watch for include:
- Potential fluctuations in demand due to changes in industrial applications or regulations.
- Technological advancements in alternative materials impacting paraffin wax requirements.
- Market dynamics related to global oil prices, potentially affecting production costs and stock levels.
