SADC: Beeswax Market 2024

Beeswax Market Size in SADC

After two years of growth, the SADC beeswax market decreased by X% to $X in 2022. Over the period under review, consumption recorded a pronounced shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Beeswax Production in SADC

In value terms, beeswax production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Angola (X tons), Tanzania (X tons) and Madagascar (X tons), together accounting for X% of total production. Mozambique lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Beeswax Exports

Exports in SADC

In 2022, exports of beeswax in SADC rose markedly to X tons, picking up by X% on the previous year's figure. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, beeswax exports expanded sharply to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Zambia (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%) and Madagascar (X%).

Exports from Tanzania increased at an average annual rate of X% from 2012 to 2022. At the same time, Madagascar (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Zambia (X p.p.) and Madagascar (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Tanzania ($X) remains the largest beeswax supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Madagascar ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Tanzania totaled X%. In the other countries, the average annual rates were as follows: Madagascar (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, flattening at the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Beeswax Imports

Imports in SADC

In 2022, approx. X tons of beeswax were imported in SADC; with a decrease of X% compared with the year before. Overall, imports, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, beeswax imports dropped markedly to $X in 2022. Over the period under review, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. Botswana (X tons) held the second position in the ranking, followed by Angola (X tons) and Democratic Republic of the Congo (X tons). All these countries together held near X% share of total imports. Tanzania (X tons), Swaziland (X tons) and Zambia (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Swaziland (X%), Angola (X%), Zambia (X%), Tanzania (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Botswana experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Angola (X p.p.) and Swaziland (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported beeswax in SADC, comprising X% of total imports. The second position in the ranking was held by Botswana ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Botswana (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price saw a perceptible setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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