Haiti: Beeswax Market 2020

Beeswax Market Size in Haiti

The revenue of the beeswax market in Haiti amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Haiti beeswax consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Beeswax Production in Haiti

In value terms, beeswax production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when production volume increased by X% y-o-y. Over the period under review, beeswax production reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Beeswax Exports

Exports by Country

In 2018, China (X tons) was the key exporter of beeswax, committing X% of total exports. The U.S. (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Malaysia (X%), Germany (X%) and Vietnam (X%). The following exporters - Nicaragua (X tons), the Netherlands (X tons), France (X tons), Argentina (X tons) and Tanzania (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Nicaragua (+X%), Vietnam (+X%), the U.S. (+X%), Malaysia (+X%), the Netherlands (+X%), Germany (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Argentina (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the U.S. (+X p.p.), Vietnam (+X p.p.), Malaysia (+X p.p.), Nicaragua (+X p.p.), Germany (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest beeswax supplier from Haiti, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the beeswax export price in Haiti amounted to $X per ton, standing approx. at the previous year. Overall, the beeswax export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Tanzania, while the other leaders experienced more modest paces of growth.

Beeswax Imports

Imports into Haiti

In 2018, the imports of beeswax into Haiti totaled X kg, declining by -X% against the previous year. Over the period under review, beeswax imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Haiti imports peaked at X kg in 2017, and then declined slightly in the following year.

In value terms, beeswax imports amounted to $X in 2018. In general, beeswax imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, beeswax imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

The countries with the highest levels of beeswax imports in 2018 were France (X tons), the U.S. (X tons) and Germany (X tons), together resulting at X% of total import. It was distantly followed by India (X tons), mixing up a X% share of total imports. The UK (X tons), Greece (X tons), Somalia (X tons), Japan (X tons), Algeria (X tons), Italy (X tons), Australia (X tons) and Spain (X tons) held a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Somalia, while the other leaders experienced more modest paces of growth.

In value terms, the largest beeswax importing markets into Haiti were the U.S. ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Japan, Italy, the UK, Australia, Spain, Greece, India, Algeria, Somalia and Haiti lagged somewhat behind, together comprising a further X terms of the main importing countries, Somalia experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The beeswax import price in Haiti stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the beeswax import price, however, continues to indicate a significant drop. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Haiti import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while Somalia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform