Highlights
In 2024, China’s paraffin wax prices showed a W-shaped trend amid a tug-of-war of supply and demand, with the market showing an unusual strength during the typical off-season. Although some domestic refineries shut their paraffin wax units down for maintenance, the overall supply of paraffin wax remained relatively stable. China’s paraffin wax output from January to July reached 953kt, up 0.95% Y-O-Y. According to GACC, the total export volume from January to July was 317.4kt, down 20.46% Y-O-Y. Paraffin wax supply was stable, while China’s domestic consumption was tepid, coupled with declined exports, so the demand failed to boost the market price. In 2024, the frequency of paraffin wax price adjustments in China was relatively high, and the overall price trend fell short of expectations. On the downstream side, the candle industry, the primary downstream market for paraffin wax, has reached a mature stage of development, with relatively stable market growth. Various countries showed higher requirements, which further restrained the substantial growth in Chinese candle exports. Meanwhile, due to the impact of macroeconomic factors, changes in market consumption, shifts in end-user demand, and cost accounting, various substitute products exerted some impact on the demand for paraffin wax. Currently, the paraffin wax market is characterized by strong supply and weak demand, with downstream users facing increased cost pressures and limited enthusiasm for purchasing. How will the supply-demand dynamics of paraffin wax evolve in 2025? Will the downstream demand and export markets present new opportunities? What will be the development prospects for the Chinese paraffin wax market in 2025? Will there be more opportunities for traders? This report is based on the original data from SCI and also composed 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 a detailed review of China’s paraffin wax market in 2024 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. In-depth analysis of China’s paraffin wax market supply and demand structure, revealing market supply-demand mismatch and providing a comprehensive understanding of market dynamics and future trends.
2. Through the analysis of data from the past five years, clearly showcase the production status and development trends of China’s paraffin wax refineries, offering a comprehensive industry insight.
3. Detailed analysis of the paraffin export market from multiple perspectives, including trade partners, origin and destination, and trade methods, ensuring a clear understanding of changes in the export landscape.
4. Multi-angle analysis of the factors driving price fluctuations, providing an objective assessment of the transmission within the paraffin value chain, helping you to gain a deep understanding of market value.
Contents
Part 1 Paraffin Wax Market Overview
Part 2 2020-2024 China Paraffin Wax Market Supply-Demand Balance Analysis
2.1 2020-2024 China Paraffin Wax Supply-Demand Balance Trend Analysis
2.2 2024 China Paraffin Wax Supply-Demand Balance and Price Co-Movement Analysis
Part 3 Paraffin Wax Supply Pattern and Change Trend Analysis
3.1 2024 Global Paraffin Wax Capacity Change Analysis
3.2 2020-2024 China Paraffin Wax Capacity Change Analysis
3.2.1 China Paraffin Wax Capacity Regional Layout and Concentration Ratio Analysis
3.2.2 China Coastal Paraffin Wax Capacity Analysis
3.2.3 China Paraffin Wax Unit Running Status Analysis
3.2.4 2025-2029 China Newly Added Paraffin Capacity Forecast
3.3 2020-2024 China Paraffin Wax Output Change Analysis
3.3.1 2020-2024 China Paraffin Wax Output Trend Analysis
3.3.1.1 2020-2024 PetroChina Refinery Paraffin Wax Output and Capacity Utilization
3.3.1.2 2020-2024 Sinopec Refinery Paraffin Wax Output and Capacity Utilization
3.3.2 2024 China Paraffin Wax Production Feature and Reason Analysis
3.3.2.1 2024 China Paraffin Wax Monthly Output Feature and Influence Analysis
3.3.2.2 2020-2024 Paraffin Wax Production High-Frequency Data Feature Analysis
3.4 2020-2024 China Paraffin Wax Import Analysis
3.4.1 2020-2024 China Paraffin Wax Import Volume Analysis
3.4.1.1 2024 China Paraffin Wax Monthly Import Analysis
3.4.1.2 2024 China Paraffin Wax Monthly Import by Trade Partner Analysis
3.5 2020-2024 China Paraffin Wax Inventory Analysis
3.5.1 2020-2024 China Paraffin Wax Total Inventory Trend Analysis
3.5.2 2024 China Paraffin Wax Inventory at Refinery Analysis
3.5.3 Paraffin Wax Inventory and Price Relation Analysis
3.6 Paraffin Wax Storage and Logistics Analysis
3.7 2025 China Paraffin Wax Supply Forecast
3.7.1 2025-2029 China Paraffin Wax Total Supply Forecast
3.7.2 2025 China Paraffin Wax Monthly Supply and Its Influence on Price Forecast
Part 4 Paraffin Wax Demand Pattern and Trend Analysis
4.1 2020-2024 China Paraffin Wax Consumption Volume Analysis
4.1.1 China Paraffin Consumption Volume and Trend Analysis
4.1.1.1 2020-2024 China Paraffin Wax Consumption Volume Trend Analysis
4.1.1.2 2024 China Paraffin Wax Monthly Consumption Volume Analysis
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
4.1.4 China Paraffin Wax Downstream Customer Scale and Demand Change Analysis
4.1.5 China Paraffin Wax Downstream Customer Scale in Key Regions
4.2 2020-2024 China Paraffin Wax and Candle Export Analysis
4.2.1 2020-2024 China Paraffin Wax Export Volume Analysis
4.2.1.1 2024 China Paraffin Wax Monthly Export Volume Analysis
4.2.1.2 2024 China Paraffin Wax Export by Trade Partner
4.2.1.3 2024 China Paraffin Wax Export by Export Enterprise Registration Place
4.2.1.4 2024 China Paraffin Wax Export by Trade Mode
4.2.2 2020-2024 China Candle Export Analysis
4.2.2.1 2024 China Candle Monthly Export Volume Analysis
4.2.2.2 2024 China Candle Export by Trade Partner
4.2.2.3 2024 China Candle Export by Export Enterprise Registration Place
4.2.2.4 2024 China Candle Export by Trade Mode
4.3 2025-2029 China Paraffin Wax Downstream Industry Consumption Growth Forecast
4.4 2025-2029 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 Paraffin Wax Peak and Slack Season Analysis
4.5.1 Paraffin Wax Peak and Slack Season Characteristics Analysis
4.5.2 Paraffin Wax Peak and Slack Season Analysis from Price Perspective
Part 5 Paraffin Wax Price Trend Analysis
5.1 China Paraffin Wax Price Analysis
5.1.1 2020-2024 PetroChina Refinery Paraffin Wax Price Change Analysis
5.1.2 2020-2024 Sinopec Refinery Paraffin Wax Price Change Analysis
5.1.3 2024 China Paraffin Wax Price Seasonality Analysis
5.2 Related Product Price Co-Movement Analysis
5.2.1 2020-2024 Crude Oil and Paraffin Wax Price Co-Movement Analysis
5.2.2 2020-2024 Fischer-Tropsch Wax and Paraffin Wax Price Co-Movement Analysis
5.2.3 2020-2024 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 China Paraffin Wax Market Competition Pattern and Operator Operation Analysis
6.1 China Paraffin Wax Market Competition Pattern Analysis
6.2 Operator Operation Monitored by SCI
6.3 China Paraffin Wax Downstream Procurement Key Factors Analysis
6.4 Operational Risk and Operational Barrier Analysis
Part 7 Paraffin Wax Industry Outlook
7.1 2025-2027 China Paraffin Wax Price Forecast
7.2 Paraffin Wax Price Driver Future Development Forecast
7.2.1 Impact of Macro Environment on Paraffin Wax Market Analysis
7.2.2 Impact of Industrial Policy on Paraffin Wax Market Analysis
7.2.3 2025-2029 China Paraffin Wax Supply-Demand Balance Forecast
7.2.4 Related Product Price Co-Movement Forecast
7.2.5 Impact of RMB Exchange Rate on Paraffin Wax Market Analysis
7.3 2025 Major Price Driver Influencing Extent Analysis
Appendix 1 Paraffin Wax Market Annual Events
Appendix 2 2024 Macro and Industry Policies
Appendix 3 Methodology and Definition
Appendix 4 Tables, Charts and Company Names
Legal Statement