Netherlands: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in the Netherlands

In 2022, the Dutch worked wax articles market increased by 11% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption enjoyed a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Worked Wax Articles Production in the Netherlands

In value terms, worked wax articles production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. Worked wax articles production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Worked Wax Articles Exports

Exports from the Netherlands

In 2022, approx. X units of worked articles of wax were exported from the Netherlands; picking up by 5.9% compared with the previous year. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, worked wax articles exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for worked wax articles exports from the Netherlands, with a 38% share of total exports. Moreover, worked wax articles exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fourfold. The third position in this ranking was taken by France (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+2.0% per year) and France (-2.3% per year).

In value terms, Germany ($X) remains the key foreign market for worked articles of wax exports from the Netherlands, comprising 33% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Spain, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-0.2% per year) and Spain (+6.3% per year).

Export Prices by Country

The average worked wax articles export price stood at $X per thousand units in 2022, reducing by -9.5% against the previous year. Over the period under review, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 187%. As a result, the export price attained the peak level of $X per thousand units. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per thousand units), while the average price for exports to Belgium ($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 Germany (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Worked Wax Articles Imports

Imports into the Netherlands

After two years of growth, purchases abroad of worked articles of wax decreased by -9.4% to X units in 2022. Over the period under review, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2020 when imports increased by 30%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, worked wax articles imports dropped to $X in 2022. Overall, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Belgium (X units) and India (X units) were the main suppliers of worked wax articles imports to the Netherlands, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +23.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Belgium ($X) appeared to be the largest worked wax articles suppliers to the Netherlands, with a combined 88% share of total imports.

China, with a CAGR of +27.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, shrinking by -2.7% against the previous year. Overall, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2016 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per thousand units. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per thousand units), while the price for Ukraine ($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 (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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