The paraffin waxes opening stock in the UK stood at 8.0 thousand metric tons in 2023. The forecast anticipates a decline to 7.0 thousand metric tons for both 2024 and 2025, followed by stabilization at 6.0 thousand metric tons from 2026 to 2028. This represents a year-on-year decrease of approximately 12.5% for 2024 and consistent levels through to 2028. Over the forecasted five-year period, the Compound Annual Growth Rate (CAGR) highlights an overall decline in stock levels.

Future trends to watch for include:

Potential fluctuations in production or import policies impacting stock levels.
Changes in demand for paraffin waxes driven by technological or regulatory developments.
Environmental and sustainability pressures possibly influencing the wax industry dynamics.