SADC: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in SADC

The SADC worked wax articles market dropped to $X in 2022, approximately equating the previous year. In general, consumption saw a buoyant increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Worked Wax Articles Production in SADC

In value terms, worked wax articles production reached $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Worked Wax Articles Exports

Exports in SADC

In 2022, approx. X units of worked articles of wax were exported in SADC; dropping by X% on the previous year's figure. Overall, exports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, worked wax articles exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Zambia (X units) represented the largest exporter of worked articles of wax, comprising X% of total exports. It was distantly followed by South Africa (X units), creating a X% share of total exports. The following exporters - Mauritius (X units), Zimbabwe (X units), Malawi (X units) and Madagascar (X units) - together made up X% of total exports.

Exports from Zambia increased at an average annual rate of X% from 2012 to 2022. At the same time, Malawi (X%), Zimbabwe (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Madagascar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zambia, Zimbabwe and Malawi increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest worked wax articles supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced mixed trends in the export price figures.

Worked Wax Articles Imports

Imports in SADC

In 2022, supplies from abroad of worked articles of wax increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, worked wax articles imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Democratic Republic of the Congo was the main importing country with an import of around X units, which finished at X% of total imports. South Africa (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%). Mozambique (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to worked wax articles imports into Democratic Republic of the Congo stood at X%. At the same time, Mozambique (X%), Mauritius (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of Democratic Republic of the Congo (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported worked articles of wax in SADC, comprising X% of total imports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

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

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Democratic Republic of the Congo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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