Report Update: May 1, 2024

U.S. - Worked Articles Of Wax - Market Analysis, Forecast, Size, Trends And Insights

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Worked Wax Articles Price in the United States - 2023

Worked Wax Articles Price in the United States (CIF) - 2022

In 2022, the average worked wax articles import price amounted to $5.7 per thousand units, rising by 8.3% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked at $8.4 per thousand units in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($5.7 per thousand units) and China ($5.7 per thousand units), while the price for Vietnam ($5.7 per thousand units) and India ($5.7 per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.2%), while the prices for the other major suppliers experienced a decline.

Worked Wax Articles Price in the United States (FOB) - 2022

The average worked wax articles export price stood at $3.3 per thousand units in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 31% against the previous year. The export price peaked at $9 per thousand units in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($5 per thousand units), while the average price for exports to Brazil ($1.8 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 Canada (-2.2%), while the prices for the other major destinations experienced a decline.

Worked Wax Articles Imports in the United States

For the fourth consecutive year, the United States recorded growth in purchases abroad of worked articles of wax, which increased by 5.7% to 64B units in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 43%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, worked wax articles imports rose sharply to $367M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Worked Wax Articles in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	45.2	51.0	73.9	89.8	25.7%
India	42.0	43.9	59.0	75.9	21.8%
Mexico	58.2	42.8	56.4	64.6	3.5%
Vietnam	20.3	24.5	36.3	42.8	28.2%
Canada	21.8	21.3	27.8	30.6	12.0%
Colombia	26.5	27.2	23.9	22.7	-5.0%
South Korea	18.8	20.2	19.3	19.6	1.4%
Others	19.5	21.4	23.6	20.6	1.8%
Total	252	252	320	367	13.4%

Top Suppliers of Worked Wax Articles to the United States in 2022:

China (15.8B units)
India (13.4B units)
Mexico (11.4B units)
Vietnam (7.5B units)
Canada (5.4B units)
Colombia (4.0B units)
South Korea (3.5B units)

Worked Wax Articles Exports in the United States

For the fourth year in a row, the United States recorded growth in shipments abroad of worked articles of wax, which increased by 2.7% to 28B units in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 71%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, worked wax articles exports stood at $93M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports attained the peak of $99M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Worked Wax Articles in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	20.2	22.9	25.6	28.0	11.5%
Mexico	17.6	23.1	24.7	26.4	14.5%
Brazil	14.8	17.9	11.6	11.8	-7.3%
India	4.1	6.0	6.4	5.3	8.9%
Argentina	3.7	3.9	4.1	4.7	8.3%
Belgium	3.2	3.8	4.8	3.2	0.0%
Ireland	1.9	1.7	1.7	1.8	-1.8%
Australia	1.9	1.9	1.2	1.3	-11.9%
Others	17.4	17.7	11.0	10.2	-16.3%
Total	84.8	98.9	91.1	92.6	3.0%

Top Export Markets for Worked Wax Articles from the United States in 2022:

Mexico (8.3B units)
Brazil (6.5B units)
Canada (5.6B units)
Belgium (1.6B units)
India (1.2B units)
Argentina (1.1B units)
Australia (0.7B units)
Ireland (0.6B units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the worked wax articles market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023