The artificial waxes market in Brazil witnessed fluctuations from 2012 to 2022, experiencing both growth and decline. Notable drops in market value occurred in 2013 and 2019 with year-on-year declines of 8.54% and 14.43% respectively. An uptick was observed in 2017 with a growth of 6.73%, but the overall trajectory was downward, illustrated by a compound annual growth rate of -2.63% from 2018 to 2022. In 2023, the market stood at similar subdued levels, reflecting weak growth and persistent challenges.
Future trends to watch for:
- Technological advancements in synthetic wax production.
- Demand shifts driven by sustainability and eco-friendliness.
- Potential impact of global supply chain reconfigurations.
| # | 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 |
| 6 | 6 United Kingdom | 362,900,000 | 2023 | -0.19% | -1.99% | View data |
| 7 | 7 Brazil | 332,910,000 | 2023 | -1.94% | -2.84% | |
| 8 | 8 South Korea | 325,400,000 | 2023 | +4.77% | +2.08% | View data |
| 9 | 9 Spain | 312,680,000 | 2023 | -0.52% | +0.37% | View data |
