Non-vegetable waxes market in Northern America

Earlier Report Observations

The market volume for non-vegetable waxes in Northern America grew from 1 301 t in 2018 to a peak of 1 447 t in 2022, an overall increase of 6.4% over five years, before declining to 1 384 t in 2023. This growth phase was supported by rising consumer preference for natural and eco-friendly wax products, particularly in cosmetics and personal care, where beeswax is valued for its natural properties. Increased use in sustainable applications, such as biodegradable food packaging, also contributed to expanding demand.

In value terms, the market reached its highest point at $13.0 million in 2021 but fell to $11.8 million by 2023. This fluctuation coincided with industry factors such as crude oil price variations impacting paraffin wax costs and broader supply chain influences. The launch of new product lines by major companies and a focus on sustainability and ethical sourcing further shaped market dynamics during the latter part of the period.

Production non-vegetable waxes in Northern America

In kind, 2017-2020, t

Top producers of non-vegetable waxes, 2017-2020

World map of production of non-vegetable waxes, 2017-2020

In 2019, non-vegetable wax production in Northern America saw its largest increase at 0.0%, followed by the largest decline in 2018 at 0.1%. In 2020, production remained virtually unchanged from 2019, totaling 1 584 tonnes.

Annual dynamics of production in Northern America in kind, 2017-2020, t

In value, 2017-2020, K $ US

Non-vegetable wax production in Northern America declined for the second consecutive year. In 2020, output was valued at 11 734 thousand US dollars, marking a 3.9% decrease from 2019. The largest increase occurred in 2018 at 1.6%, with production reaching its peak value of 12 760 thousand US dollars that year. The largest decline was recorded in 2019 at 4.3%. Overall, from 2017 to 2020, production decreased by 6.6%, equating to an annualized rate of 2.2%.

Annual dynamics of production in Northern America in value, 2017-2020, K $ US

Exports non-vegetable waxes from Northern America

Exports in kind, t

Cross-border shipments of non-vegetable waxes from Northern America declined for the third consecutive year. In 2020, export volume was 324 tonnes, showing a 13.1% loss from the previous year. Over the period from 2017 to 2020, exports decreased by 31.9%, with a compound annual growth rate of 12.0%.

Annual dynamics of product's exports from Northern America in kind, 2017-2020, t

From 2017 to 2020, Japan was the leading destination for exports in kind, accounting for 1.2% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Northern America in kind, 2017-2020

Exports in value, K $ US

Non-vegetable wax exports from Northern America declined for the third consecutive year. In 2020, exports totaled 2 397 thousand US dollars, a reduction of 16.5% from 2019. Over the period from 2017 to 2020, exports decreased by 36.2%, with a compound annual growth rate of 13.9%.

Annual dynamics of product's exports from Northern America in value, 2017-2020, K $ US

From 2017 to 2020, Japan was the core market for exports in value terms, accounting for 0.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Northern America in value, 2017-2020

Imports non-vegetable waxes to Northern America

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Import volumes reached their lowest point in 2019 at 80 tonnes, then peaked in 2017, with a top-to-bottom ratio of 22 times. In 2020, imports totaled 80 tonnes, up by 9.4% from the previous year. The largest decline was recorded in 2018 at 93.2%.

Annual dynamics of product's imports to Northern America in kind, 2017-2020, t

From 2017 to 2020, non-vegetable waxes were imported to Northern America from many countries. Even the largest destinations—China, Germany, and France—together represented only 19.1% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Northern America in kind, 2017-2020

Imports in value, K $ US

In 2020, imported non-vegetable wax volumes in Northern America totaled 2 570 thousand US dollars, indicating a limited rise of 3.6% compared to 2019. The minimum value was recorded in 2019 at 2 480 thousand US dollars, while the maximum value was in 2018 at 3 185 thousand US dollars. The largest decline occurred in 2019 at 22.1%, and the largest increase was in 2018 at 13.1%. Overall, from 2017 to 2020, imports decreased by 8.7%, equating to an annualized rate of 3.0%.

Annual dynamics of product's imports to Northern America in value, 2017-2020, K $ US

Throughout 2017 to 2020, imports in value terms of non-vegetable waxes to Northern America were not concentrated on a few key markets. China accounted for 15.0% of imports, Germany for 8.3%, and France for 2.9%, jointly totaling only 26.1% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Northern America in value, 2017-2020