| Product Code: ETC4681687 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Portugal`s paraffin wax import market in 2024 continued to be dominated by key exporting countries such as Spain, China, Netherlands, South Africa, and Turkey. The High Herfindahl-Hirschman Index (HHI) signifies a concentrated market landscape. Despite a modest Compound Annual Growth Rate (CAGR) of 3.52% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -28.07%. This indicates a potential shift in market dynamics or external factors impacting the import shipments of paraffin wax into Portugal.
The Paraffin Wax market in Portugal is projected to grow at a growing growth rate of 8.75% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal Paraffin Wax Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Paraffin Wax Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Paraffin Wax Market - Industry Life Cycle |
3.4 Portugal Paraffin Wax Market - Porter's Five Forces |
3.5 Portugal Paraffin Wax Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Portugal Paraffin Wax Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Portugal Paraffin Wax Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for paraffin wax in various industries such as cosmetics, pharmaceuticals, and packaging. |
4.2.2 Increasing use of paraffin wax in candle manufacturing due to rising consumer interest in scented and decorative candles. |
4.2.3 Expansion of the food industry leading to a higher demand for paraffin wax for food packaging and processing. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil impacting the cost of production and pricing of paraffin wax. |
4.3.2 Environmental concerns regarding the use of paraffin wax, leading to a shift towards more sustainable and eco-friendly alternatives. |
4.3.3 Competition from substitutes such as soy wax and beeswax in certain applications. |
5 Portugal Paraffin Wax Market Trends |
6 Portugal Paraffin Wax Market Segmentations |
6.1 Portugal Paraffin Wax Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Portugal Paraffin Wax Market Revenues & Volume, By Fully Refined Wax, 2021-2031F |
6.1.3 Portugal Paraffin Wax Market Revenues & Volume, By Semi-Refined Wax, 2021-2031F |
6.1.4 Portugal Paraffin Wax Market Revenues & Volume, By Others, 2021-2031F |
6.2 Portugal Paraffin Wax Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Portugal Paraffin Wax Market Revenues & Volume, By Candles, 2021-2031F |
6.2.3 Portugal Paraffin Wax Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 Portugal Paraffin Wax Market Revenues & Volume, By Board Sizing, 2021-2031F |
6.2.5 Portugal Paraffin Wax Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.6 Portugal Paraffin Wax Market Revenues & Volume, By Hot Melts, 2021-2031F |
6.2.7 Portugal Paraffin Wax Market Revenues & Volume, By Cosmetics, 2021-2031F |
7 Portugal Paraffin Wax Market Import-Export Trade Statistics |
7.1 Portugal Paraffin Wax Market Export to Major Countries |
7.2 Portugal Paraffin Wax Market Imports from Major Countries |
8 Portugal Paraffin Wax Market Key Performance Indicators |
8.1 Average selling price of paraffin wax in the Portuguese market. |
8.2 Volume of paraffin wax imports and exports in Portugal. |
8.3 Number of new product launches incorporating paraffin wax in different industries in Portugal. |
9 Portugal Paraffin Wax Market - Opportunity Assessment |
9.1 Portugal Paraffin Wax Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Portugal Paraffin Wax Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Portugal Paraffin Wax Market - Competitive Landscape |
10.1 Portugal Paraffin Wax Market Revenue Share, By Companies, 2024 |
10.2 Portugal Paraffin Wax Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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