Poland: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Poland

The Polish worked wax articles market soared to $X in 2022, jumping by 66% against the previous year. Overall, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Worked Wax Articles Production in Poland

In value terms, worked wax articles production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. Worked wax articles production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Worked Wax Articles Exports

Exports from Poland

Worked wax articles exports from Poland reduced notably to X units in 2022, which is down by -68.3% on 2021. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 310%. The exports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, worked wax articles exports contracted notably to $X in 2022. Overall, exports, however, posted resilient growth. The growth pace was the most rapid in 2019 when exports increased by 123% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell notably in the following year.

Exports by Country

Germany (X units) was the main destination for worked wax articles exports from Poland, accounting for a 36% share of total exports. Moreover, worked wax articles exports to Germany exceeded the volume sent to the second major destination, Belarus (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+67.6% per year) and Taiwan (Chinese) (+40.4% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for worked articles of wax exports from Poland, comprising 29% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Romania, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.5% per year) and Romania (+70.4% per year).

Export Prices by Country

In 2022, the average worked wax articles export price amounted to $X per thousand units, with an increase of 19% against the previous year. In general, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 138% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per thousand units), while the average price for exports to Belarus ($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 Romania (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Poland

Worked wax articles imports into Poland rose to X units in 2022, picking up by 3.2% against 2021. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, worked wax articles imports rose modestly to $X in 2022. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 111% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Belgium (X units) constituted the largest worked wax articles supplier to Poland, accounting for a 48% share of total imports. Moreover, worked wax articles imports from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by India (X units), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.4% per year) and India (+14.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of worked articles of wax to Poland, comprising 59% of total imports. The second position in the ranking was held by India ($X), with a 9.7% share of total imports. It was followed by the UK, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.5% per year) and the UK (+3.0% per year).

Import Prices by Country

The average worked wax articles import price stood at $X per thousand units in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 an increase of 59% against the previous year. Over the period under review, average import prices attained the maximum at $X per thousand units in 2016; however, from 2017 to 2022, 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 Belgium ($X per thousand units), while the price for Vietnam ($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 Germany (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :