France: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in France

The French worked wax articles market plummeted to $X in 2022, which is down by -18% against the previous year. Over the period under review, consumption, however, saw a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted notably in the following year.

Worked Wax Articles Production in France

In value terms, worked wax articles production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 6.6%. Worked wax articles production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Worked Wax Articles Exports

Exports from France

In 2022, shipments abroad of worked articles of wax was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt curtailment. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, worked wax articles exports soared to $X in 2022. Over the period under review, exports, however, recorded a perceptible downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for worked wax articles exports from France, with a 54% share of total exports. Moreover, worked wax articles exports to Spain exceeded the volume sent to the second major destination, Belgium (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.9% per year) and Germany (+0.4% per year).

In value terms, Spain ($X) emerged as the key foreign market for worked articles of wax exports from France, comprising 58% of total exports. The second position in the ranking was held by Switzerland ($X), with a 6.8% share of total exports. It was followed by Portugal, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-4.1% per year) and Portugal (+1.2% per year).

Export Prices by Country

The average worked wax articles export price stood at $X per thousand units in 2022, picking up by 12% against the previous year. Overall, the export price saw a pronounced expansion. The pace of growth was the most pronounced in 2020 an increase of 53%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per thousand units), while the average price for exports to Italy ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into France

For the fourth year in a row, France recorded growth in supplies from abroad of worked articles of wax, which increased by 7.9% to X units in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.9% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, worked wax articles imports contracted to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 53%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Belgium (X units), China (X units) and Germany (X units) were the main suppliers of worked wax articles imports to France, together accounting for 72% of total imports. The Netherlands, Spain, Italy, Croatia, Vietnam, Indonesia and India lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of worked articles of wax to France, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Spain, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and Spain (-5.4% per year).

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, which is down by -15.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $X per thousand units in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per thousand units), while the price for Indonesia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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