Angola: Beeswax Market Overview 2021

Beeswax Market Size in Angola

In 2019, the Angolan beeswax market decreased by -X% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Beeswax consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Beeswax Production in Angola

In value terms, beeswax production declined rapidly to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Beeswax production peaked at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

The average yield of beeswax in Angola was estimated at X kg per X heads in 2019, approximately mirroring 2018. Over the period under review, the yield showed a relatively flat trend pattern. Over the period under review, the average beeswax yield reached the maximum level at X kg per X heads in 2007; however, from 2008 to 2019, the yield failed to regain the momentum.

In 2019, approx. X heads of producing animals were grown in Angola; approximately reflecting 2018 figures. Overall, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, this number reached the maximum level in 2019 and is likely to continue growth in the immediate term.

Beeswax Exports

Exports from Angola

In 2019, the amount of beeswax exported from Angola was estimated at X kg, stabilizing at the previous year. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, beeswax exports totaled $X in 2019. In general, exports showed a relatively flat trend pattern.

Beeswax Imports

Imports into Angola

In 2019, imports of beeswax into Angola shrank markedly to X kg, falling by -X% on the year before. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, beeswax imports shrank significantly to $X in 2019. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume from No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value from No country was relatively modest.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?

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The countries with the highest volumes of beeswax consumption in 2019 were Malaysia (35K tonnes), India (26K tonnes) and Indonesia (6.5K tonnes), together comprising 54% of global consumption.

What are the largest producers of beeswax in the world?

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The countries with the highest volumes of beeswax production in 2019 were Malaysia (35K tonnes), India (26K tonnes) and China (12K tonnes), with a combined 56% share of global production. Indonesia, Ethiopia, Argentina, Turkey, South Korea, Kenya and Angola lagged somewhat behind, together comprising a further 26%.