The Artificial Waxes Market in Thailand saw fluctuations from 2013 to 2023. In 2023, the market size value per capita stood at $1.91, marking a steady decline from its peak of $2.54 in 2014. The year-on-year variation for 2023, compared to 2022, reflects a slight decline of 2.05%. Over the past two years, the market shrank by 4.5%. Analyzing the trend over the last five years, a compound annual growth rate (CAGR) of -1.06% was observed, indicating a gradual decrease in the consumption or market value of artificial waxes per person.
Moving forward, watch for advancements in bio-based wax alternatives influencing market dynamics. Environmental regulations and shifting consumer preferences towards sustainable products may drive innovation and create new opportunities or pressures in the artificial wax segment.
| # | 33 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 12.98 | 2023 | View data | ||
| 2 | 2 Netherlands | 11.46 | 2023 | View data | ||
| 3 | 3 Finland | 9.4 | 2023 | View data | ||
| 4 | 4 Italy | 8.44 | 2023 | View data | ||
| 5 | 5 France | 8.38 | 2023 | View data | ||
| 17 | 17 Hungary | 2.22 | 2023 | View data | ||
| 18 | 18 Croatia | 2.02 | 2023 | View data | ||
| 19 | 19 Thailand | 1.91 | 2023 | |||
| 20 | 20 China | 1.86 | 2023 | View data | ||
| 21 | 21 Romania | 1.82 | 2023 | View data | ||
