Sudan: Beeswax Market 2025

Beeswax Market Size in Sudan

After two years of growth, the Sudanese beeswax market decreased by -7.5% to $X in 2022. Overall, the total consumption indicated a modest increase 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, consumption increased by +70.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Beeswax Production in Sudan

In value terms, beeswax production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 130% against the previous year. Beeswax production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Beeswax Exports

Exports from Sudan

In 2022, after two years of decline, there was significant growth in overseas shipments of beeswax, when their volume increased by 256% to X tons. In general, exports showed resilient growth. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, beeswax exports soared to $X in 2022. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 330% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for beeswax exports from Sudan, accounting for a 43% share of total exports. Moreover, beeswax exports to Germany exceeded the volume sent to the second major destination, Japan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +13.2%.

In value terms, Germany ($X) remains the key foreign market for beeswax exports from Sudan, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +29.7%.

Export Prices by Country

The average beeswax export price stood at $X per ton in 2022, increasing by 6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 an increase of 38%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Japan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.6%).

Beeswax Imports

Imports into Sudan

In 2022, approx. X kg of beeswax were imported into Sudan; picking up by 27% against the year before. Over the period under review, imports, however, showed a dramatic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, beeswax imports soared to $X in 2022. In general, imports, however, faced a sharp curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X kg) constituted the largest beeswax supplier to Sudan, with a 63% share of total imports. Moreover, beeswax imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X kg), threefold. Saudi Arabia (X kg) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-42.6% per year) and Saudi Arabia (-37.3% per year).

In value terms, the largest beeswax suppliers to Sudan were Egypt ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 100% of total imports.

The United Arab Emirates, with a CAGR of -20.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, which is down by -5.1% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beeswax import price decreased by -9.3% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 54%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :