The Artificial Waxes Market in Romania reached a value of 35.039 million USD in 2023. Between 2013 and 2023, the market witnessed fluctuations, peaking in 2018 and facing challenges in 2020 with a significant drop. In the past two years, the market demonstrated modest growth with a 0.92% increase in 2023, recovering from the previous year's decline.
Key variations include:
- Pronounced growth in 2016 with an 18.44% increase, marking a recovery from 2015's decline.
- The years 2020 experienced the most considerable drop of 14.38%, impacting the five-year CAGR negatively, calculated at -0.11%.
- Post-2020, the market rebounded, with a 21.66% rise in 2021 and stable growth through to 2023.
Future trends to watch for include potential increases due to industrial developments and potential regulatory impacts on artificial wax production, which could drive further growth or pose new challenges.
| # | 33 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,719,400,000 | 2023 | +3.14% | +1.99% | View data |
| 2 | 2 Japan | 713,120,000 | 2023 | +0.45% | +0.42% | View data |
| 3 | 3 Germany | 630,980,000 | 2023 | -0.48% | -1.69% | View data |
| 4 | 4 France | 586,840,000 | 2023 | -0.91% | -1.6% | View data |
| 5 | 5 Italy | 498,280,000 | 2023 | +0.46% | -0.38% | View data |
| 24 | 24 Portugal | 44,645,000 | 2023 | +1.36% | +0.95% | View data |
| 25 | 25 Israel | 39,232,000 | 2023 | +0.82% | -0.59% | View data |
| 26 | 26 Romania | 35,039,000 | 2023 | +0.92% | -0.11% | |
| 27 | 27 Peru | 27,380,000 | 2023 | +0.16% | -0.41% | View data |
| 28 | 28 Ukraine | 27,254,000 | 2023 | +0.5% | +0.21% | View data |
