In 2023, the actual exports of paraffin wax from China were estimated to be $509 million USD. The forecasted exports from 2024 to 2028 show a gradual decline, with values decreasing from $507.19 million in 2024 to $499.92 million in 2028. This suggests a slight year-on-year contraction in export value, with an overall Compound Annual Growth Rate (CAGR) that indicates a consistent yet mild downward trend of 0.35% over the five-year period.

Future trends to watch for include:

Potential shifts in global demand for paraffin-based products, such as candles and cosmetics.
China’s evolving energy policies, which could impact paraffin production as it relates to oil refining byproducts.
Increasing environmental regulations and their influence on the export market and production technologies.