In 2023, Germany dominated Europe's import market for vegetable waxes, with a share of 27.01%. The Netherlands, Spain, and France followed substantiating strong demand. Notably, Croatia showed a remarkable 58.14% year-on-year increase, and Finland surged with a 46.95% uplift, indicating promising growth in smaller markets. Meanwhile, Estonia faced a decline of 2.87%. Over a five-year span, Germany and its counterparts have consistently bolstered their import capacities, highlighting a robust sectoral demand across major economies.
Future trends to watch in 2024 and beyond include continued growth in emerging markets like Romania and Hungary, alongside sustainability driving shifts in the wax trade dynamics. Increasing demand for renewable and bio-based materials could reshape the import landscape, especially as countries aim to reduce environmental footprints.
Top countries in Import of Vegetable Waxes Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.01 | 2023 | +1.33% | +7.94% | View data |
| 2 | 2 Netherlands | 13.09 | 2023 | +2.21% | +7.13% | View data |
| 3 | 3 Spain | 11.61 | 2023 | +1.88% | +7.75% | View data |
| 4 | 4 France | 11.35 | 2023 | +2.2% | +3.48% | View data |
| 5 | 5 United Kingdom | 8.54 | 2023 | +2.2% | +1.24% | View data |
| 6 | 6 Italy | 6.72 | 2023 | +5.62% | +1.66% | View data |
| 7 | 7 Estonia | 6.29 | 2023 | -16.48% | -2.87% | View data |
| 8 | 8 Belgium | 2.78 | 2023 | -0.96% | +4.47% | View data |
| 9 | 9 Portugal | 2.29 | 2023 | +19.81% | +6.63% | View data |
| 10 | 10 Croatia | 1.28 | 2023 | +6.58% | +58.14% | View data |
