In 2023, the UK's import of artificial and prepared waxes, excluding polyethylene glycol, stood at 28.931 million kilograms. Forecasts indicate a consistent year-on-year increase from 2024 to 2028, reaching 30.635 million kilograms in 2028. The forecasted compound annual growth rate (CAGR) for 2024-2028 is notable, pointing to steady market expansion. This consistent growth trajectory reflects increasing demand or diversification of use in the UK market.
Future trends to watch for include:
- Potential impacts of sustainability trends on artificial wax demand.
- Innovations in wax applications expanding market demand.
- Trade policy changes, especially in post-Brexit trade agreements, influencing import volumes.
