Angola: Beeswax Market Overview 2020

Beeswax Market Size in Angola

The revenue of the beeswax market in Angola amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. In that year, the beeswax market reached its peak level of $X; afterwards, it flattened through to 2018.

Beeswax Production in Angola

In value terms, beeswax production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when production volume increased by X% year-to-year. Over the period under review, beeswax production reached its maximum level in 2018 and is likely to continue its growth in the near future.

Beeswax Imports

Imports into Angola

In 2018, approx. X tonnes of beeswax were imported into Angola; growing by X% against the previous year. Over the period under review, beeswax imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. In that year, beeswax imports attained their peak of X tonnes. From 2016 to 2018, the growth of beeswax imports remained at a somewhat lower figure.

In value terms, beeswax imports totaled $X in 2018. Over the period under review, beeswax imports continue to indicate an extraordinary increase. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, beeswax imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Malaysia (X tonnes) was the main beeswax supplier to Angola, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Malaysia stood at +X%.

In value terms, Malaysia ($X) constituted the largest supplier of beeswax to Angola.

From 2007 to 2018, the average annual rate of growth in terms of value from Malaysia stood at +X%.

Import Prices by Country

The average beeswax import price stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the beeswax import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for beeswax reached their maximum at $X per tonne in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2007 to 2018, the rate of growth in terms of prices for Malaysia amounted to +X% per year.

Source: IndexBox AI Platform