Angola: Beeswax Market 2025

Beeswax Market Size in Angola

The Angolan beeswax market dropped modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Beeswax consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Beeswax Production in Angola

In value terms, beeswax production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 308% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Beeswax Exports

Exports from Angola

In 2016, approx. X kg of beeswax were exported from Angola; which is down by -95.3% on 2015. Over the period under review, exports continue to indicate a sharp setback. The exports peaked at X tons in 2015, and then dropped dramatically in the following year.

In value terms, beeswax exports dropped significantly to $X in 2016. Overall, exports showed a sharp reduction. The exports peaked at $X in 2015, and then reduced rapidly in the following year.

Exports by Country

Canada (X kg) was the main destination for beeswax exports from Angola, with a approx. 100% share of total exports.

From 2015 to 2016, the average annual growth rate of volume to Canada was relatively modest.

In value terms, Canada ($X) emerged as the key foreign market for beeswax exports from Angola.

From 2015 to 2016, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

The average beeswax export price stood at $X per ton in 2016, waning by -78.5% against the previous year. In general, the export price recorded a significant contraction. The export price peaked at $X per ton in 2015, and then shrank markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2015 to 2016, the rate of growth in terms of prices for Canada amounted to 0.0% per year.

Beeswax Imports

Imports into Angola

In 2022, approx. X tons of beeswax were imported into Angola; dropping by -29.8% on 2021 figures. Over the period under review, imports saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 216% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, beeswax imports declined significantly to $X in 2022. Overall, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 227% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest beeswax supplier to Angola, accounting for a 57% share of total imports. Moreover, beeswax imports from Brazil exceeded the figures recorded by the second-largest supplier, Portugal (X kg), sixfold. The third position in this ranking was taken by China (X kg), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +92.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+60.5% per year) and China (+71.9% per year).

In value terms, the largest beeswax suppliers to Angola were Belgium ($X), South Africa ($X) and Portugal ($X), with a combined 54% share of total imports. Germany, Brazil and China lagged somewhat behind, together comprising a further 19%.

Germany, with a CAGR of +72.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, which is down by -7% against the previous year. Over the period under review, the import price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2016 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+122.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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