Angola: Beeswax Market Overview 2021

Beeswax Market Size in Angola

In 2020, the Angolan beeswax market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Beeswax consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Beeswax Production in Angola

In value terms, beeswax production amounted to $X in 2020 estimated in export prices. In general, production saw moderate growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Beeswax production peaked at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

The average yield of beeswax in Angola was estimated at X kg per head in 2020, approximately equating 2019. In general, the yield recorded a relatively flat trend pattern.

The number of animals for beeswax production in Angola stood at X head in 2020, remaining stable against the previous year's figure. Over the period under review, the number of producing animals saw a relatively flat trend pattern.

Beeswax Exports

Exports from Angola

In 2020, the amount of beeswax exported from Angola amounted to X kg, remaining stable against the previous year's figure. Over the period under review, exports saw a precipitous descent. Over the period under review, exports attained the peak figure at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, beeswax exports amounted to $X in 2020. In general, exports showed a sharp reduction. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2016, the average annual growth rate of volume to Canada was relatively modest.

From 2007 to 2016, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2016, which is down by -X% against the previous year. Over the period under review, the export price showed a dramatic decrease. The export price peaked at $X per tonne in 2015, and then shrank rapidly in the following year.

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

From 2007 to 2016, the rate of growth in terms of prices for Canada amounted to X% per year.

Beeswax Imports

Imports into Angola

In 2020, supplies from abroad of beeswax increased by X% to X tonnes for the first time since 2016, thus ending a three-year declining trend. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, beeswax imports contracted to $X in 2020. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Namibia (X tonnes), China (X kg) and Belgium (X kg) were the main suppliers of beeswax imports to Angola, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Namibia, while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Belgium ($X) and Germany ($X) were the largest beeswax suppliers to Angola, with a combined X% share of total imports.

Among the main suppliers, South Africa saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average beeswax import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Africa ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?

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The country with the largest volume of beeswax consumption was India (28K tonnes), accounting for 29% of total volume. Moreover, beeswax consumption in India exceeded the figures recorded by the second-largest consumer, Malaysia (9.4K tonnes), threefold. Ethiopia (5.7K tonnes) ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of beeswax in the world?

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India (26K tonnes) remains the largest beeswax producing country worldwide, accounting for 28% of total volume. Moreover, beeswax production in India exceeded the figures recorded by the second-largest producer, China (12K tonnes), twofold. The third position in this ranking was occupied by Malaysia (9.4K tonnes), with a 9.9% share.

What are the leading suppliers of beeswax to Angola?

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In value terms, the largest beeswax suppliers to Angola were South Africa ($2.7K), Belgium ($1.6K) and Germany ($1.2K), with a combined 62% share of total imports.

What is the average export price for beeswax in Angola?

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In 2016, the average beeswax export price amounted to $1,651 per tonne, which is down by -75.9% against the previous year.

What is the average import price for beeswax in Angola?

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In 2020, the average beeswax import price amounted to $4,033 per tonne, reducing by -48.3% against the previous year.