Key Market Indicators
Canada, Mexico and Germany respectively ranked numbers 2, 3 and 4 in this ranking. The global wax market value is set to reach nearly $4 billion by 2026, growing at an average yearly rate of 1.3%. China, Japan and Germany are the top three contributors to this market. American wax imports are forecast to drop by 0.2% to 197 million kilograms by 2026. Since 1996, American demand has decreased by 2.9% year on year. Mexico, Germany and Poland are the top three contributors to this market. American wax exports are projected to decline by 3.7% to 19 million kilograms by 2026. Since 1996, American supply has decreased by 6.4% year on year. Canada, Mexico and Germany are the top three contributors to this market.
