In 2024, Armenia"s paraffin market demonstrated robust activity, primarily driven by imports. Analyzing the trade volume and prices reveals key insights into the country"s petroleum sector. Notably, the importation of paraffin wax and similar products showed substantial figures, with a total import volume of 632,026. 56 kg at a total value of $794,871. 70. This indicates a strong demand for paraffin products within Armenia, which could be attributed to industrial applications or consumer consumption. The average price per kilogram for imports was approximately $1. 26, derived from the overall trade data.

This competitive pricing suggests Armenia is strategically sourcing paraffin to meet its market needs effectively. Exports, however, were minimal, with only 10 kg shipped at a total value of $40. 14, highlighting a domestic focus on consumption rather than international distribution. Such dynamics in Armenia"s paraffin trade underline potential opportunities for international suppliers aiming to penetrate this market. Aritral. com offers an AI-driven platform that facilitates seamless international trade for commodities like paraffin. It empowers businesses with services such as Product Listing, Direct Communication, and AI-Powered Marketing, ensuring efficient global sales and profile management. "