Market research

Non-vegetable waxes market in Southern Asia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

From 2018 to 2023, production of non-vegetable waxes in Southern Asia expanded steadily, rising from 24 409 t to 24 894 t. This consistent output growth supported a gradual increase in market volume, which reached a peak of 24 993 t in 2022. However, the market contracted to 24 677 t in 2023, interrupting the prior upward trend.

The shift in trade flows significantly influenced the market's available volume. Imports declined from 241 t in 2018 to 89 t in 2023, reducing external supply. Conversely, exports remained minimal until 2022 before surging to 307 t in 2023, which directly drew volume away from the domestic market and contributed to its contraction that year.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Southern Asia
  1. 5.1.1. Annual dynamics of production in Southern Asia in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Afghanistan in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Afghanistan by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Afghanistan in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Afghanistan by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Afghanistan, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Afghanistan by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Afghanistan in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Afghanistan by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Afghanistan in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Afghanistan by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Afghanistan, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Afghanistan by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Afghanistan in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Afghanistan by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Afghanistan, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Afghanistan by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Afghanistan in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Afghanistan by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Afghanistan, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Afghanistan by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production non-vegetable waxes in Southern Asia

In kind, 2017-2020, t

Top producers of non-vegetable waxes, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Non-vegetable waxes production in Southern Asia increased for the second consecutive year. In 2020, production reached 24 467 tonnes, remaining relatively stable compared to the previous year. The lowest production level was recorded in 2018 at 24 409 tonnes. The largest decline occurred in 2018 with a 0.2% decrease, while the largest increase was seen in 2019 with a 0.2% rise.

Annual dynamics of production in Southern Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.2%)	0.2%	0.1%	0.0%

Source: SHEV.io

Exports non-vegetable waxes from Southern Asia

Exports in kind, t

The market showed an unstable trend throughout the period. The lowest exports were recorded in 2017, while the highest came in 2018, with an 8.5-fold difference between these years. In 2020, non-vegetable waxes exports from Southern Asia totaled 15.8 tonnes, marking a significant increase of 215.6% compared to 2019. The peak export volume was in 2018 at 35.2 tonnes. The largest decline occurred in 2019 with an 85.7% drop, while the largest increase was in 2018 with a 754.2% surge.

Annual dynamics of product's exports from Southern Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	754.2%	(85.7%)	215.6%	56.6%

Source: SHEV.io

From 2017 to 2020, Iraq and Turkey were the primary destinations for non-vegetable waxes exports from Southern Asia, together accounting for 6.8% of total export flows.

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

Source: SHEV.io

World map of product's exports from Southern Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. The lowest export value was recorded in 2017, while the highest was in 2018, with a 36-fold difference between these years. In 2020, non-vegetable waxes shipments from Southern Asia abroad totaled 85 thousand US dollars, representing a dramatic increase of 39.9% from 2019. The maximum value was in 2018 at 191 thousand US dollars. The largest decline occurred in 2019 with a 68.3% decrease, while the largest increase was in 2018 with a 3 452.1% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3 452.1%	(68.3%)	39.9%	150.7%

Source: SHEV.io

Throughout 2017–2020, Iraq (42.2% of exports in value terms), Turkey (26.0%), and Azerbaijan (0.5%) were the key destinations for exports in value terms, together accounting for 68.7% of total export flows.

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

Source: SHEV.io

World map of product's exports from Southern Asia in value, 2017-2020

Source: SHEV.io

Imports non-vegetable waxes to Southern Asia

Imports in kind, t

Southern Asia imported 198.9 tonnes of non-vegetable waxes in 2020, reflecting a significant decline of 20.5% compared to 2019. Between 2017 and 2020, imports decreased by 22.8%, equivalent to an annualized rate of 8.3%. The largest increase was recorded in 2019 with a 3.7% rise.

Annual dynamics of product's imports to Southern Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.4%)	3.7%	(20.5%)	(8.3%)

Source: SHEV.io

From 2017 to 2020, China (35.2% of imports in kind), Germany (17.2%), and Brazil (9.2%) were the leading suppliers of non-vegetable waxes to Southern Asia, jointly accounting for 61.6% of total imports in kind.

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

Source: SHEV.io

World map of product's imports to Southern Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After a two-year decline, Southern Asia's non-vegetable waxes import volume increased. In 2020, imports totaled 992 thousand US dollars, indicating a gradual advance of 4.2% year-over-year. Between 2017 and 2020, imports decreased by 20.9%, equivalent to an annualized rate of 7.5%. The lowest value was recorded in 2019 at 952 thousand US dollars. The largest decline occurred in 2018 with a 16.3% decrease.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(16.3%)	(9.2%)	4.2%	(7.5%)

Source: SHEV.io

Over 2017–2020, China (31.3% of imports in value terms), Germany (22.4%), and Brazil (5.8%) headed the ranking of suppliers of non-vegetable waxes to Southern Asia, with their combined share reaching 59.5% of total imports in value terms.

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

Source: SHEV.io

World map of product's imports to Southern Asia in value, 2017-2020

Source: SHEV.io