Market research

Non-vegetable waxes market in Honduras

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market volume for non-vegetable waxes in Honduras expanded consistently from 21 168 kg in 2018 to a peak of 33 448 kg in 2021. This growth was primarily driven by a surge in imports, which increased from 1 168 kg to 14 428 kg over the same period. In 2021, Honduras emerged as a key destination for refined or colored beeswax and other insect waxes, with international purchases from Mexico, which supported the notable rise in imports.

Following the peak, the market contracted sharply to 23 174 kg in 2022, a 31% drop, largely due to a decline in imports to 5 194 kg. By 2023, the market recovered to 27 875 kg, with both production and imports rising. Domestic production remained relatively stable throughout the period, hovering around 20 000 kg annually.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Honduras
  1. 5.1.1. Annual dynamics of production in Honduras in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Honduras in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production non-vegetable waxes in Honduras

In kind, 2017-2020, kg

Top producers of non-vegetable waxes, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

In 2020, Honduras produced 19,860 kg of non-vegetable waxes, marking a slight decrease of 0.7% from the previous year. The largest production increase occurred in 2018, at 0.0%.

Annual dynamics of production in Honduras in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	(0.7%)	(0.2%)

Source: SHEV.io

Exports non-vegetable waxes from Honduras

Market analysis shows that Honduras did not export any non-vegetable waxes from 2017 to 2020.

Imports non-vegetable waxes to Honduras

Imports in kind, kg

Honduras's imports of non-vegetable waxes have risen for the third year in a row. In 2020, imports totaled 7,911 kg, a sharp increase of 41.9% over the previous year. From 2017 to 2020, imports grew by 45,812.4%, with a compound annual growth rate (CAGR) of 671.5%.

Annual dynamics of product's imports to Honduras in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	6 678.3%	377.4%	41.9%	671.5%

Source: SHEV.io

From 2017 to 2020, China was the main source for Honduras's imports in volume, making up 78.2% of total imports, while other markets contributed smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

The data shows irregular changes, pointing to a volatile market. Imports reached their lowest point in 2017 and peaked in 2019, with a 101-fold difference between these years. In 2020, Honduras's import value for non-vegetable waxes was $27,364 US, down 36.7% from 2019. The highest value was recorded in 2019 at $43,229 US, and the largest increase occurred in 2018, at 931.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	931.2%	882.1%	(36.7%)	300.2%

Source: SHEV.io

Between 2017 and 2020, the United States and China were the top destinations for imports in value terms, together accounting for 92.8% of total flows, with other markets making up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io