Highlights
In 2023, China’s paraffin wax prices first diminished and then headed up steadily, against the backdrop of sloppy supply and demand. From January to July, the total paraffin wax output fell by 2.9% Y-O-Y to 944kt, mainly stemmed by the unit turnarounds at some refineries. Meanwhile, China’s paraffin wax export volume was 466kt, up 7.38% Y-O-Y, data from the Customs showed. China’s paraffin wax market was shored up by decline in supply and higher-than-expected export volume, regardless of mediocre domestic consumption, and the paraffin wax prices hit high levels in 2023, compared with the levels in previous years. In terms of paraffin wax downstream industries, candle industry is the major one, but as candle industry has entered its mature stage when development is slow and stable, China’s exports of candles were enfeebled because foreign countries’ requirements for candles were rising constantly. On the basis of current supply deficiency and high price-induced limited downstream purchases, how will China’s paraffin wax supply-demand pattern evolve in 2024? Will there be opportunities in candle domestic demand or exports? What is the outlook of China’s paraffin wax market in 2024? Will there be more opportunities for traders?
This report is based on the original data from SCI and also composites the authoritative data from the National Bureau of Statistics (NBS), The General Administration of Customs of the People’s Republic of China (GACC), the National Development and Reform Commission (NDRC), etc. Besides, uniting with senior experts, state-owned refineries, traders, import and export enterprises and downstream enterprises, this report conducts detailed review of China’s paraffin wax market in 2023 and analyzes the supply-demand change, price trend and the import and export dynamics of the paraffin wax market. Meanwhile, this report shows the current situation and the development tendency within the next five years of China’s paraffin wax market, which offers a powerful decision-making foundation for market participants.
Report Value
1. To present the imbalance between supply and demand in China’s paraffin wax market and help to understand the supply-demand pattern as well as variation trend through the analysis of China’s paraffin wax supply-demand pattern.
2. Help to know the production status and development trend of China’s enterprises through displaying the capacity and output at China’s paraffin wax producers by region in the past 5 years.
3. Help to make the changes in export pattern clear through detailed analysis of the paraffin wax export market by trade partner, customs and trade mode.
4. To analyze the price drivers from different angles and objectively evaluate the conduction of paraffin wax value chain.
Contents
Part 1 China Paraffin Wax Market Overview
Part 2 2019-2023 China Paraffin Wax Supply-Demand Balance
Part 3 Paraffin Wax Supply Pattern and Variation Trend
3.1 2019-2023 China Paraffin Wax Capacity Variation Analysis
3.1.1 China Paraffin Wax Capacity Regional Layout Comparison Analysis
3.1.2 China Paraffin Wax Unit Running Status Analysis
3.1.3 2024-2028 China Newly Added Paraffin Capacity Forecast
3.2 2019-2023 China Paraffin Wax Output and Operating Rate Analysis
3.2.1 2019-2023 China Paraffin Wax Output Analysis
3.2.1.1 2019-2023 PetroChina Refinery Paraffin Wax Output and Capacity Utilization
3.2.1.2 2019-2023 Sinopec Refinery Paraffin Wax Output and Capacity Utilization
3.2.2 2023 China Paraffin Wax Production Feature and Reason Analysis Analysis
3.2.2.1 2023 China Paraffin Wax Monthly Output and Influence Analysis
3.2.2.2 2019-2023 Paraffin Wax Production High-Frequency Data Feature Analysis
3.3 2019-2023 China Paraffin Wax Import Analysis
3.3.1 2019-2023 Paraffin Wax Import Volume Analysis
3.3.1.1 2023 China Paraffin Wax Monthly Import Analysis
3.3.1.2 2023 China Paraffin Wax Monthly Import by Trade Partner Analysis
3.4 2019-2023 China Paraffin Wax Inventory Analysis
3.4.1 2019-2023 China Paraffin Wax Total Inventory Trend Analysis
3.4.2 2023 China Paraffin Wax Inventory at Refinery Analysis
3.5 2024 China Paraffin Wax Supply Forecast
3.5.1 2024-2028 China Paraffin Wax Total Supply Forecast
3.5.2 2024 China Paraffin Wax Monthly Supply and Its Influence on Price Forecast
Part 4 China Paraffin Wax Demand Pattern and Variation Trend
4.1 2019-2023 Paraffin Wax Demand Analysis
4.1.1 China Paraffin Wax Annual Consumption Trend
4.1.2 China Paraffin Wax Consumption from Major Downstream Industries and Feature Analysis
4.1.3 China Paraffin Wax Downstream Consumption Regional Structure Analysis
4.2 2019-2023 China Paraffin Wax and Candle Export Analysis
4.2.1 2019-2023 China Paraffin Wax Export Analysis
4.2.1.1 2023 China Monthly Paraffin Wax Export Volume Analysis
4.2.1.2 2023 China Paraffin Wax Export by Trade Partner Analysis
4.2.1.3 2023 China Paraffin Wax Export by Export Enterprise Registration Place Analysis
4.2.1.4 2023 China Paraffin Wax Export by Trade Mode Analysis
4.2.2 2019-2023 China Candle Export Analysis
4.2.2.1 2023 China Monthly Candle Export Volume Analysis
4.2.2.2 2023 China Candle Export by Trade Partner Analysis
4.2.2.3 2023 China Candle Export by Export Enterprise Registration Place Analysis
4.2.2.4 2023 China Candle Export by Trade Mode Analysis
4.3 2024-2028 China Paraffin Wax Downstream Industry Consumption Growth Forecast
4.4 2024-2028 China Paraffin Wax Demand Forecast
4.4.1 China Paraffin Wax Domestic Consumption Trend Forecast
4.4.2 China Paraffin Wax Export Trend Forecast
4.5 China Paraffin Wax Demand Peak and Off Seasons Analysis
4.5.1 China Paraffin Wax Demand Peak and Off Seasonal Feature Forecast
4.5.2 China Paraffin Wax Demand Peak and Off Season from the Perspective of Price
4.6 China Paraffin Wax Downstream Procurement Key Factors Analysis
4.7 Operational Risk and Operational Barrier Analysis
Part 5 Paraffin Wax Price Trend Analysis
5.1 China Paraffin Wax Market Price Analysis
5.1.1 2019-2023 PetroChina Refinery Paraffin Wax Price Analysis
5.1.2 2019-2023 Sinopec Refinery Paraffin Wax Price Analysis
5.1.3 2023 China Paraffin Wax Price Seasonality Analysis
5.2 Related Product Price Co-Movement Analysis
5.2.1 2019-2023 Crude Oil and Paraffin Wax Price Co-Movement Analysis
5.2.2 2019-2023 Fischer-Tropsch Wax and Paraffin Wax Price Co-Movement Analysis
5.2.3 2019-2023 Stearic Acid and Paraffin Wax Price Co-Movement Analysis
5.3 Paraffin Wax Cost and Profit Analysis
5.3.1 China Paraffin Wax Cost and Profit Comparison
Part 6 Paraffin Wax Industry Outlook
6.1 2024-2026 China Paraffin Wax Price Forecast
6.2 Paraffin Wax Price Driver Future Development Forecast
6.2.1 Impact of Macro Environment on Paraffin Wax Market Analysis
6.2.2 Impact of Industrial Policy on Paraffin Wax Market Analysis
6.2.3 2024-2028 China Paraffin Wax Supply-Demand Balance Forecast
6.2.4 China Paraffin Wax Market Competition Pattern Analysis
6.2.5 Related Product Price Co-Movement Forecast
6.2.6 Impact of RMB Exchange Rate on Paraffin Wax Market Analysis
6.3 2024 Major Price Driver Influencing Extent Analysis
Appendix
Appendix 1 Paraffin Wax Industrial Hotspots
Appendix 2 Paraffin Wax Annual Events
Appendix 3 Methodology and Related Definition
Appendix 4 Tables and Charts
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