Mozambique: Beeswax Market 2020

Beeswax Market Size in Mozambique

The revenue of the beeswax market in Mozambique amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the beeswax market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Beeswax Production in Mozambique

In value terms, beeswax production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a remarkable expansion 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 pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, beeswax production reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Beeswax Exports

Exports by Country

China was the largest exporter of beeswax in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2018. The U.S. (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons), Germany (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total exports. Nicaragua (X tons), the Netherlands (X tons), France (X tons), Argentina (X tons) and Tanzania (X tons) occupied a relatively small share 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 ($X) remains the largest beeswax supplier from Mozambique, comprising X% of global exports. The second position in the ranking was occupied by Germany ($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 growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the beeswax export price in Mozambique amounted to $X per ton, approximately reflecting the previous year. Overall, the beeswax export price continues to indicate a relatively flat trend pattern. In that year, the export prices for beeswax reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for beeswax failed to regain its momentum.

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 Mozambique

Beeswax imports into Mozambique stood at X kg in 2018, falling by -X% against the previous year. Over the period under review, beeswax imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Mozambique imports peaked at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, beeswax imports stood at $X in 2018. Overall, beeswax imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, beeswax imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the three major importers of beeswax, namely France, the U.S. and Germany, represented more than third of total import. It was distantly followed by India (X tons), making 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) took a relatively small 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 Mozambique were the U.S. ($X), Germany ($X) and France ($X), together accounting for X% of total imports. Japan, Italy, the UK, Australia, Spain, Greece, India, Algeria, Somalia and Mozambique lagged somewhat behind, together accounting for a further X the main importing countries, Somalia recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the beeswax import price in Mozambique amounted to $X per ton, shrinking by -X% against the previous year. Overall, the beeswax import price continues to indicate a deep curtailment. The pace of growth appeared the most rapid in 2010 a decrease of -X% year-to-year. Over the period under review, the import prices for beeswax reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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.

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Source: IndexBox Platform