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Pricing History
Methodology
Specifications
Glossary

Paraffin Wax Price Trend and Forecast

UNSPC: 12181500

paraffin wax Price Trends by Country

cnChina
deGermany
usUnited States
inIndia
mxMexico
vnVietnam
frFrance

paraffin wax Pricing Trends in India: 

  • Northern India paraffin wax market price trend
  • Southern India paraffin wax market price trend
  • Central India paraffin wax market price trend

Global paraffin wax Price Trend, Analysis and Forecast​

In Q2 2025, according to PriceWatch, the paraffin wax price trend exhibited contrasting movements across key regions. China saw a 2.8% decrease in prices, reaching USD 1142 per metric ton, primarily driven by reduced demand from sectors such as packaging and candles. Ongoing global economic uncertainties, combined with a slowdown in industrial activities and lower consumer spending, contributed to the decline.

The soft demand was further compounded by high inventory levels and logistical disruptions, which limited the need for paraffin wax. On the other hand, Germany experienced a significant 8.2% increase in paraffin wax prices, reaching USD 2966 per metric ton.

Paraffin Wax Price Trend Analysis: Q2 2025

In Q2 2025, according to PriceWatch, the paraffin wax price trend exhibited contrasting movements across key regions. China saw a 2.8% decrease in prices, reaching USD 1142 per metric ton, primarily driven by reduced demand from sectors such as packaging and candles.

Ongoing global economic uncertainties, combined with a slowdown in industrial activities and lower consumer spending, contributed to the decline. The soft demand was further compounded by high inventory levels and logistical disruptions, which limited the need for paraffin wax.

On the other hand, Germany experienced a significant 8.2% increase in paraffin wax prices, reaching USD 2966 per metric ton. This rise was fueled by stronger demand from industries such as automotive, cosmetics, and packaging, which saw a recovery in production levels and consumption.

Additionally, easing supply chain issues, alongside rising raw material costs, pushed prices higher. Germany’s recovery was supported by a rebounding industrial sector, while global supply chain stabilization played a role in the price trend surge. 

Paraffin Wax Price Trend Analysis: Q1 2025

According to PriceWatch, in the first quarter of 2025, the global paraffin wax price trend continued to decline, influenced by ongoing weak demand, surplus inventories, and slow recovery in major economies. In China, prices decreased to USD 1,175 per metric ton, down 1.6%, as industrial activity remained subdued following the Lunar New Year and buyers remained cautious.

In the Americas, the downward trend persisted U.S. prices slipped to USD 1,383 per metric ton, a 2.0% decrease, while Mexico’s prices dropped more sharply by 4.1% to USD 1,250 per metric ton, both impacted by reduced seasonal demand and elevated inventory levels.

Vietnam followed suit, with a 1.9% decline to USD 1,223 per metric ton. The price trend continued to reflect the weak outlook from the end of 2024, as excess supply and lackluster demand from end-use sectors kept prices suppressed. 

Paraffin Wax Price Trend Analysis: Q4 2024

In Q4 2024, according to PriceWatch, the global paraffin wax price trend softened further due to easing demand, high stock levels, and year-end trading slowdowns. Chinese prices dipped to USD 1,194 per metric ton, reflecting a 1.2% decrease amid low industrial output and an oversupplied market.

In North America, the U.S. experienced a more substantial drop to USD 1,411 per metric ton, down 10.0%, driven by weakened seasonal interest, elevated inventories, and improved supply availability.

Mexico’s market also declined, with prices down 6.2% to USD 1,303 per metric ton, while Vietnam saw a 3.6% reduction to USD 1,248 per metric ton as trade across the region slowed. The quarter concluded with bearish undertones, shaped by softer demand and normalized logistics that further weakened pricing support. 

Paraffin Wax Price Trend Analysis: Q3 2024

According to PriceWatch, In the third quarter of 2024, the paraffin wax price trend presented a mixed picture, with regional differences in performance. In China, prices eased slightly by 1.0% to USD 1,208 per metric ton, reflecting stable supply and moderate consumption.

The Americas showed more positive momentum the U.S. price trend climbed 7.3% to USD 1,569 per metric ton, supported by strong demand in food packaging and tighter supply conditions. Mexico saw a 4.0% increase to USD 1,390 per metric ton, driven by healthier industrial orders.

Vietnam posted a slight gain of 0.3%, with prices reaching USD 1,295 per metric ton amid consistent regional demand. While softness persisted in Asia and Europe, gains in the Americas helped maintain broader market balance. 

Paraffin Wax Price Trend Analysis: Q2 2024

In the second quarter of 2024, according to PriceWatch, the paraffin wax price trend reflected a slight downward bias shaped by global supply-demand dynamics and regional economic variability. China’s market fell 1.3% to USD 1,220 per metric ton due to steady output and reduced buying interest tied to slower manufacturing activity.

The U.S. market edged up 0.6% to USD 1,462 per metric ton, supported by consistent demand and stabilized logistics. Mexico’s prices declined modestly by 0.3% to USD 1,336 per metric ton, while Vietnam’s market saw a 0.7% drop to USD 1,291 per metric ton amid softer demand. Overall, the price trend remained relatively stable due to ongoing baseline demand in key sectors. 

Paraffin Wax Price Trend Analysis: Q1 2024

According to PriceWatch, In Q1 2024, the paraffin wax price trend exhibited mixed but resilient movement globally, as regional dynamics shaped market performance. In China, prices fell to USD 1,236 per metric ton, a 2.5% decrease, attributed to steady production and low demand from candles and packaging.

On the other hand, the U.S. market gained 7.8%, with prices rising to USD 1,453 per metric ton amid strong seasonal needs and limited imports. Mexico and Vietnam also posted minor gains, with prices increasing to USD 1,340 per metric ton (2.6%) and USD 1,300 per metric ton (0.6%), respectively, supported by consistent domestic demand and slight logistical issues.

Despite minor shipping disruptions, the overall market held steady thanks to firm demand in key applications. 

India paraffin wax Price Trend, Analysis and Forecast

Paraffin Wax Price Trend Analysis: Q1 2025

During Q1 2025, India’s Paraffin Wax market saw mixed trends. CIF China prices rose slightly by 0.6% to $1,267/MT due to steady export orders, indicating consistent demand for Indian exports. However, Ex-Hazira prices plunged by 10.8% to $1,183/MT due to significant domestic oversupply and sluggish demand, reflecting a weakened local market driven by reduced industrial activity and excess inventory. 

Paraffin Wax Price Trend Analysis: Q2 2025

In Q2 2025, PriceWatch reported varied price trends in the paraffin wax market in India. India (CIF China) saw a 5.2% decrease, reaching USD 1195 per metric ton, primarily driven by lower demand from key sectors like packaging and candles.

Economic uncertainties, coupled with slower industrial activities and high inventory levels, contributed to the reduced need for imports. On the other hand, India (Ex-Hazira) experienced a 2.6% increase in paraffin wax prices, reaching USD 1304 per metric ton, supported by stronger domestic demand.

The recovery in industries such as cosmetics, packaging, and automotive boosted consumption, while supply chain issues began to ease. Rising raw material costs and a tightening of supply in the domestic market also contributed to the price trend increase, despite global challenges.

These regional variations reflected the complex interplay of domestic consumption patterns, global economic conditions, and supply chain dynamics that influenced paraffin wax pricing in India during Q2 2025. 

Paraffin Wax Price Trend Analysis: Q1 2024

During Q1 2024, India’s market displayed a mixed trend. CIF China prices held steady at $1,256/MT (0.0%) amid consistent export demand, particularly from stable demand sectors such as packaging and cosmetics.

On the other hand, Ex-Hazira prices dropped by 7.0% to $1,326/MT due to excess domestic supply and sluggish industrial buying, as demand for paraffin wax remained low in key industries due to economic slowdowns and high inventory levels. 

Paraffin Wax Price Trend Analysis: Q2 2024

During Q2 2024, India presented a divergent picture. CIF China prices edged down slightly by 0.2% to $1,253/MT due to stable export flows, reflecting consistent demand from export markets. In contrast, Ex-Hazira prices climbed 4.2% to $1,381/MT, supported by improved domestic demand, particularly from the food and personal care sectors, and tighter supply within the local market due to some supply chain disruptions. 

Paraffin Wax Price Trend Analysis: Q3 2024

During Q3 2024, India’s market showed a contrasting pattern. CIF China prices rose slightly by 0.7% to $1,263/MT due to stable export inquiries, particularly for packaging and personal care products, maintaining steady export flows. However, Ex-Hazira prices slipped by 0.7% to $1,372/MT as sufficient domestic stock and moderate consumption led to lower procurement within the country. 

Paraffin Wax Price Trend Analysis: Q4 2024

During Q4 2024, India’s market softened. CIF China prices edged down by 0.1% to $1,261/MT as export demand remained stable, but overall market conditions were subdued. Ex-Hazira prices fell more sharply by 3.3% to $1,326/MT due to weaker domestic consumption and reduced procurement from downstream industries, as high inventory levels and low industrial activity persisted. 

Global paraffin wax Supply Chain

Upstream
Downstream
  • Candle Making, Packaging, Sizing Agents.
  • Crayons (providing the necessary waxiness and allowing for the addition of pigments)
  • Cosmetics (used in skin care products to soften and hydrate the skin, sealing in moisture, and used for pain relief and to soothe aching joints and improve circulation)
  • Component of shoe polishes, Production of rubber products
Major supplying countries
  • China
  • Germany
  • France
Major importing countries
  • USA
  • Mexico
  • India
  • Vietnam

India paraffin wax Supply Chain

Upstream
  • Crude Oil
Downstream
  • Candle Making, Packaging, Sizing Agents.
  • Crayons (providing the necessary waxiness and allowing for the addition of pigments)
  • Cosmetics (used in skin care products to soften and hydrate the skin, sealing in moisture, and used for pain relief and to soothe aching joints and improve circulation)
  • Component of shoe polishes, Production of rubber products
Major supplying countries
  • China
  • Germany
  • France
Major importing countries
  • USA
  • Mexico
  • India
  • Vietnam

Technical Specifications of Paraffin Wax Price Trends

Molecular Weight[g/mol]

between 300 and 550

CAS No

8002-74-2

HS Code

27122000

Molecular Formula

CnH2n+2 (where, 20 â©˝ n â©˝ 40)
paraffin wax

Paraffin wax is a white, odorless, and tasteless solid derived from petroleum. It is a highly refined hydrocarbon with a melting point typically ranging from 46 to 68°C. Widely used in various industries, paraffin wax is commonly utilized in candle making, cosmetics, and pharmaceutical products. It also serves as a coating material for food and pharmaceuticals, providing moisture protection and extending shelf life. Additionally, paraffin wax is used in packaging, rubber, and textile industries for its lubricating and insulating properties. Its versatility, low cost, and ease of use make it a popular choice in diverse applications.

Packaging Type

25 kg bags

Paraffin Wax Grades Covered

[ 58-60 °C (China)], [ Slab (Germany)]

Incoterms Used

FOB Dalian (China), FOB Hamburg (Germany), FD Le Havre (Netherlands), CIF Houston (USA), CIF Manzanillo (Mexico), CIF Haiphong (Vietnam), CIF Nhava Sheva (India), Ex-Digboi.

Synonym

Petroleum Wax

PriceWatch Quotation Terms:

25-28 MT (Global), 10-15 MT (India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties  Specifications 
Melting point (°C)  58-60 °C 
Oil content (%)  0.8 % max 
Color no.  + 27 
Light stability  4 max 
Odor no.  1 max 
Needle penetration (25°C) (1/10mm)  19 max 

Paraffin Wax Industrial Applications

Paraffin wax, a versatile hydrocarbon material derived from petroleum, is widely used in various applications due to its excellent properties, such as water resistance and thermal stability. One of its major applications is in the candle industry, where it serves as the primary ingredient for creating long-burning and evenly melting candles.

Additionally, paraffin wax is employed in food packaging, as it creates a moisture barrier to extend shelf life, and in cosmetics, where it is used for its emollient properties in creams and lotions. Its utility also extends to industrial applications, including lubrication and sealing, making it a staple in both consumer and commercial products.

Historically, several events have caused significant fluctuations in Paraffin Wax prices

  • Market Recovery (2024): As global economies began to stabilize post-pandemic, fluctuating demand in various industries contributed to downward pressure on paraffin wax prices. 
  • Sustainability Initiatives (2023): A push for greener alternatives and sustainable production methods in Europe and North America Fluctuates pricing as companies adapted to new regulations. 
  • Energy Crisis (2022): The global energy crisis, exacerbated by geopolitical tensions (such as the Russia-Ukraine conflict), led to soaring energy costs and higher paraffin wax prices. 
  • Supply Chain Issues (2021): Ongoing disruptions due to COVID-19, including shipping delays and raw material shortages, resulted in increased paraffin wax prices. 
  • COVID-19 Pandemic (2020): The pandemic caused a significant drop in demand in some sectors, leading to price volatility as manufacturers adjusted production. 
  • Environmental Regulations (2019): Stricter environmental regulations in Europe increased production costs for paraffin wax, leading to price Fluctuate. 
  • Trade Tariffs (2018): Implementation of tariffs between the USA and China led to increased costs and price fluctuations due to supply chain adjustments. 
  • Increased Demand (2017): Rising demand in the packaging and cosmetics industries, particularly in Asia, contributed to higher paraffin wax prices. 
  • Supply Chain Disruptions (2016): Regional conflicts and geopolitical tensions affected oil supply chains, causing temporary price spikes in paraffin wax. 
  • Oil Price Crash (2015): A significant decline in crude oil prices led to reduced production costs for paraffin wax, causing prices to drop. 

 

These events underscore the Paraffin Wax market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global paraffin wax price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the paraffin wax market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence paraffin wax prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely paraffin wax market data.

Track PriceWatch's paraffin wax price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: Price-Watch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Paraffin Wax production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire Paraffin Wax supply chain, from raw material availability (e.g. Slack wax) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: Price-Watch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Paraffin Wax prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Paraffin Wax production facilities, particularly in vulnerable regions. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: Price-Watch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Paraffin Wax demand and corresponding price movements. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Paraffin Wax production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Paraffin Wax production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization. 

Demand Forecasting

  • Sectoral Demand Analysis: Price-Watch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Paraffin Wax pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: Price-Watch utilizes advanced econometric models to forecast Paraffin Wax prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: Price-Watch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that Price-Watch delivers the most accurate, timely, and actionable Paraffin Wax pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Molecular Weight[g/mol]

between 300 and 550

CAS No

8002-74-2

HS Code

27122000

Molecular Formula

CnH2n+2 (where, 20 â©˝ n â©˝ 40)
paraffin wax

Paraffin wax is a white, odorless, and tasteless solid derived from petroleum. It is a highly refined hydrocarbon with a melting point typically ranging from 46 to 68°C. Widely used in various industries, paraffin wax is commonly utilized in candle making, cosmetics, and pharmaceutical products. It also serves as a coating material for food and pharmaceuticals, providing moisture protection and extending shelf life. Additionally, paraffin wax is used in packaging, rubber, and textile industries for its lubricating and insulating properties. Its versatility, low cost, and ease of use make it a popular choice in diverse applications.

Packaging Type

25 kg bags

Grades Covered

[ 58-60 °C (China)], [ Slab (Germany)]

Incoterms Used

FOB Dalian (China), FOB Hamburg (Germany), FD Le Havre (Netherlands), CIF Houston (USA), CIF Manzanillo (Mexico), CIF Haiphong (Vietnam), CIF Nhava Sheva (India), Ex-Digboi.

Synonym

Petroleum Wax

PriceWatch Quotation Terms:

25-28 MT (Global), 10-15 MT (India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties  Specifications 
Melting point (°C)  58-60 °C 
Oil content (%)  0.8 % max 
Color no.  + 27 
Light stability  4 max 
Odor no.  1 max 
Needle penetration (25°C) (1/10mm)  19 max 

Applications

Paraffin wax, a versatile hydrocarbon material derived from petroleum, is widely used in various applications due to its excellent properties, such as water resistance and thermal stability. One of its major applications is in the candle industry, where it serves as the primary ingredient for creating long-burning and evenly melting candles.

Additionally, paraffin wax is employed in food packaging, as it creates a moisture barrier to extend shelf life, and in cosmetics, where it is used for its emollient properties in creams and lotions. Its utility also extends to industrial applications, including lubrication and sealing, making it a staple in both consumer and commercial products.

Paraffin Wax Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for paraffin wax. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Paraffin wax pricing fluctuations are primarily driven by factors such as crude oil prices, production costs, and demand cycles. Seasonal variations, especially during holiday seasons when demand for candles and packaging increases, can also impact prices. Additionally, changes in regulations and environmental policies affecting production can lead to cost adjustments. Staying informed about these drivers helps procurement heads make strategic purchasing decisions.

Geopolitical events can significantly affect paraffin wax pricing by disrupting supply chains and impacting oil production. Political instability in oil-producing regions can lead to supply shortages, causing prices to rise. Additionally, trade tariffs and sanctions can alter import costs, influencing overall market prices. Procurement heads should monitor global news and geopolitical developments to anticipate potential pricing shifts and adjust procurement strategies accordingly.

Sustainability practices increasingly influence the pricing of paraffin wax. Suppliers that adopt eco-friendly production methods may have higher costs, which can be reflected in pricing. As consumers and industries push for more sustainable products, the demand for bio-based or recycled paraffin wax alternatives is growing. Procurement heads should consider sustainability certifications and practices when evaluating suppliers, as these can impact both price and long-term supply reliability.

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