| Product Code: ETC4681724 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of paraffin wax into Zambia in 2024 continued to show a high level of market concentration, with Kenya, South Africa, China, India, and Tanzania emerging as the top exporting countries. The Herfindahl-Hirschman Index (HHI) indicated a significant increase in market concentration from 2023 to 2024, signaling potential challenges for market competition. Despite this, the industry exhibited strong growth, with a Compound Annual Growth Rate (CAGR) of 11.48% from 2020 to 2024. The growth rate in 2024 remained positive at 0.81%, reflecting a steady expansion in the market for paraffin wax imports in Zambia.

In the Africa region, the Paraffin Wax market in Zambia is projected to expand at a stable growth rate of 3.37% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

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 Zambia Paraffin Wax Market Overview |
3.1 Zambia Country Macro Economic Indicators |
3.2 Zambia Paraffin Wax Market Revenues & Volume, 2021 & 2031F |
3.3 Zambia Paraffin Wax Market - Industry Life Cycle |
3.4 Zambia Paraffin Wax Market - Porter's Five Forces |
3.5 Zambia Paraffin Wax Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Zambia Paraffin Wax Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Zambia Paraffin Wax Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for paraffin wax in industries such as candle making, packaging, and cosmetics in Zambia. |
4.2.2 Growth in disposable income leading to higher spending on luxury items like scented candles, which use paraffin wax. |
4.2.3 Expansion of the manufacturing sector in Zambia, driving the need for paraffin wax as a raw material. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil, which directly impact the cost of paraffin wax production. |
4.3.2 Competition from alternative products such as soy wax or beeswax, which may impact the market share of paraffin wax. |
4.3.3 Regulatory challenges related to environmental concerns and sustainability issues associated with paraffin wax production. |
5 Zambia Paraffin Wax Market Trends |
6 Zambia Paraffin Wax Market Segmentations |
6.1 Zambia Paraffin Wax Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Zambia Paraffin Wax Market Revenues & Volume, By Fully Refined Wax, 2021-2031F |
6.1.3 Zambia Paraffin Wax Market Revenues & Volume, By Semi-Refined Wax, 2021-2031F |
6.1.4 Zambia Paraffin Wax Market Revenues & Volume, By Others, 2021-2031F |
6.2 Zambia Paraffin Wax Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Zambia Paraffin Wax Market Revenues & Volume, By Candles, 2021-2031F |
6.2.3 Zambia Paraffin Wax Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 Zambia Paraffin Wax Market Revenues & Volume, By Board Sizing, 2021-2031F |
6.2.5 Zambia Paraffin Wax Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.6 Zambia Paraffin Wax Market Revenues & Volume, By Hot Melts, 2021-2031F |
6.2.7 Zambia Paraffin Wax Market Revenues & Volume, By Cosmetics, 2021-2031F |
7 Zambia Paraffin Wax Market Import-Export Trade Statistics |
7.1 Zambia Paraffin Wax Market Export to Major Countries |
7.2 Zambia Paraffin Wax Market Imports from Major Countries |
8 Zambia Paraffin Wax Market Key Performance Indicators |
8.1 Average selling price of paraffin wax in Zambia. |
8.2 Import/export volume of paraffin wax to/from Zambia. |
8.3 Number of new product launches in the paraffin wax market in Zambia. |
8.4 Percentage of paraffin wax market penetration in different industries in Zambia. |
8.5 Consumer sentiment towards paraffin wax products in Zambia. |
9 Zambia Paraffin Wax Market - Opportunity Assessment |
9.1 Zambia Paraffin Wax Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Zambia Paraffin Wax Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Zambia Paraffin Wax Market - Competitive Landscape |
10.1 Zambia Paraffin Wax Market Revenue Share, By Companies, 2024 |
10.2 Zambia 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.
To discover high-growth global markets and optimize your business strategy:
Click Here