Non-vegetable waxes market in Argentina, 2026

Earlier Report Observations

The market volume for non-vegetable waxes in Argentina, measured in tonnes, followed a positive trajectory from 2018 to 2023, rising from 4 620 t to 4 984 t. This growth was not linear, with a notable peak of 5 160 t in 2021 before a slight contraction the following year.

In value terms, the market trend diverged significantly, declining from a high of 33 610 thousand US dollars in 2019 to 24 973 thousand US dollars in 2023. This occurred as domestic production in volume terms steadily increased each year, suggesting a pronounced drop in unit prices or a shift in product mix.

The later period saw industry developments, including record bee-wax exports and genetic improvements in bee colonies supported by the National Institute of Agricultural Technology (INTA) and the private sector. These factors, alongside a sustained global preference for natural and sustainable ingredients, provided a favorable backdrop for the production and trade of beeswax and related non-vegetable waxes.

Production non-vegetable waxes in Argentina

In kind, 2017-2020, t

Argentina held the third position globally in non-vegetable wax production from 2017 to 2020.

Top producers of non-vegetable waxes, 2017-2020

World map of production of non-vegetable waxes, 2017-2020

Argentina's non-vegetable wax production grew for the third year in a row. In 2020, the country produced 5 124 tonnes, marking a 1.7% increase from the previous year. Between 2017 and 2020, production rose by 2.5%, averaging an annual growth rate of 0.8%.

Annual dynamics of production in Argentina in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the value of Argentina's non-vegetable wax output was 30 941 thousand US dollars, down 16.2% from 2019. From 2017 to 2020, production value fell by 18.2%, with an average annual decline of 6.5%. The largest increase occurred in 2019, at 9.0%.

Annual dynamics of production in Argentina in value, 2017-2020, K $ US

Exports non-vegetable waxes from Argentina

Exports in kind, t

In 2020, Argentina exported 314.4 tonnes of non-vegetable waxes, a sharp drop of 33.2% from 2019. Over the 2017-2020 period, exports decreased by 49.4%, with a compound annual growth rate of -20.3%. The largest decline was in 2018, at 36.2%, while the biggest increase was in 2019, at 18.5%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, t

From 2017 to 2020, the United States and Japan together accounted for 87.9% of Argentina's non-vegetable wax exports by volume, with the remainder distributed among smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Argentina in kind, 2017-2020

Exports in value, K $ US

Argentina's non-vegetable wax exports were valued at 1 898 thousand US dollars in 2020, a steep 44.9% year-on-year decline. Between 2017 and 2020, export value fell by 59.7%, with a compound annual growth rate of -26.1%. The largest increase was in 2019, at 28.5%.

Annual dynamics of product's exports from Argentina in value, 2017-2020, K $ US

Throughout 2017-2020, the United States and Japan were the top destinations for Argentina's non-vegetable wax exports by value, jointly making up 87.2% of total flows, while other partners held much smaller shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Argentina in value, 2017-2020

Imports non-vegetable waxes to Argentina

Imports in kind, t

The market showed significant fluctuations during this period. Imports reached their lowest point in 2018 at 0.1 tonnes, then peaked in 2019 at 16.7 tonnes, representing a 151-fold increase. In 2019, imports surged by 14 956.3% compared to the previous year. The largest decline was in 2018, at 98.8%.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, t

From 2017 to 2020, Germany consistently held the largest share of Argentina's non-vegetable wax imports by volume, accounting for 0.9% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Argentina in kind, 2017-2020

Imports in value, K $ US

The period saw notable market volatility. Imports hit a low in 2018 at 3 thousand US dollars, then peaked in 2019 at approximately 123 thousand US dollars, a 41-fold rise. In 2019, import value jumped by 3 997.6% from the previous year. The largest decline was in 2018, at 94.4%.

Annual dynamics of product's imports to Argentina in value, 2017-2020, K $ US

Over 2017-2020, Germany was the primary source for Argentina's non-vegetable wax imports by value, making up 3.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Argentina in value, 2017-2020