U.S.: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in the U.S.

The U.S. worked wax articles market rose slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a significant increase. Worked wax articles consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Worked Wax Articles Production in the U.S.

In value terms, worked wax articles production rose to $X in 2022. In general, production posted a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Worked Wax Articles Exports

Exports from the U.S.

In 2022, the amount of worked articles of wax exported from the United States fell rapidly to X units, with a decrease of X% compared with the previous year's figure. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, worked wax articles exports rose modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for worked wax articles exports from the United States, accounting for a X% share of total exports. Moreover, worked wax articles exports to Romania exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold. The third position in this ranking was taken by Canada (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Canada (X% per year).

In value terms, Canada ($X), Mexico ($X) and Brazil ($X) constituted the largest markets for worked wax articles exported from the United States worldwide, with a combined X% share of total exports. India, Argentina, Belgium, Ireland, Australia, Venezuela, Bosnia and Herzegovina and Romania lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average worked wax articles export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price saw resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 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 Australia ($X per unit), while the average price for exports to Romania (less than $X per unit) was amongst the lowest.

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

Worked Wax Articles Imports

Imports into the U.S.

Worked wax articles imports into the United States totaled X units in 2022, increasing by X% compared with the previous year. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, worked wax articles imports expanded markedly to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), India (X units) and Mexico (X units) were the main suppliers of worked wax articles imports to the United States, together comprising X% of total imports.

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

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

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average worked wax articles import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and China ($X per unit), while the price for Vietnam ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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