Market research

Non-vegetable waxes market in Madagascar

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for non-vegetable waxes in Madagascar increased from 350.1 t in 2018 to 385.5 t in 2023, though with significant annual fluctuations. A sharp rise to 416.7 t in 2019 coincided with a dramatic drop in exports to nearly zero, while domestic production showed gradual growth each year.

Market volume dipped to 375.8 t in 2020 as exports rebounded, then recovered to 394.0 t in 2021 before moderating around 380–385 t through 2023. Production continued its steady upward trend, reaching 421.6 t by 2023.

By 2023, Malagasy companies were actively exporting beeswax and diversifying into essential oils, seeking international clients. However, production faced persistent constraints from deforestation, bee diseases like varroasis, and limited investment in modern beekeeping equipment by rural communities.

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 Madagascar
  1. 5.1.1. Annual dynamics of production in Madagascar in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Madagascar 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, t
  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, t
  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 Madagascar in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Madagascar 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, K $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/kg
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 Madagascar in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Madagascar 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, K $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production non-vegetable waxes in Madagascar

In kind, 2017-2020, t

From 2017 to 2020, Madagascar ranked 18th globally in the production of non-vegetable waxes.

Top producers of non-vegetable waxes, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Madagascar's production of non-vegetable waxes increased for the third consecutive year. In 2020, the country produced 417.9 tonnes, which remained relatively stable compared to 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.3%	0.3%	0.3%	0.3%

Source: SHEV.io

Exports non-vegetable waxes from Madagascar

Exports in kind, kg

The market showed volatility during the observed period. Export volumes reached their lowest point in 2019 at 60 kg, then peaked in 2018 at 66 257 kg, representing a 1 104-fold difference. In 2020, exports from Madagascar totaled 43 083 kg, a sharp increase of 71 705.5% compared to 2019. The largest decline occurred in 2019, dropping by 99.9%.

Annual dynamics of product's exports from Madagascar in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	57.1%	(99.9%)	71 705.5%	0.7%

Source: SHEV.io

From 2017 to 2020, Madagascar's exports of non-vegetable waxes were almost entirely directed to France, which accounted for 92.7% of total export volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market. Export values hit their lowest in 2019 at 0.0 thousand US dollars, then peaked in 2018 at 458.4 thousand US dollars, showing a 27 030-fold gap. In 2020, Madagascar exported 308.9 thousand US dollars worth of non-vegetable waxes, reflecting a dramatic year-over-year gain of 1 821 330.4%. The largest decline was recorded in 2019, falling by 100.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	39.1%	(100.0%)	1 821 330.4%	(2.1%)

Source: SHEV.io

During 2017–2020, the export market was highly concentrated, with France alone responsible for 93.1% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports non-vegetable waxes to Madagascar

Imports in kind, kg

The market exhibited an unstable trend throughout the timeframe. Import volumes were at their lowest in 2017, then reached their highest in 2020, with a peak-to-trough ratio of 78 times. In 2020, Madagascar imported a total of non-vegetable waxes, representing a steep advance of 1 570.5% over the previous year. The largest decline occurred in 2019, dropping by 92.9%, while the largest increase was recorded in 2018, rising by 6 513.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6 513.5%	(92.9%)	1 570.5%	328.1%

Source: SHEV.io

From 2017 to 2020, three main markets—China, France, and Hong Kong—together absorbed 97.4% of Madagascar's total imports of non-vegetable waxes by volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Volatility characterized the market behavior during these years. Import values were at their lowest in 2017, then peaked in 2020, with a 25-fold gap. In 2020, Madagascar's imports of non-vegetable waxes totaled 4.3 thousand US dollars, which is 533.9% more compared to 2019. The largest decline was recorded in 2019, falling by 79.6%, while the largest increase occurred in 2018, rising by 1 814.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 814.6%	(79.6%)	533.9%	191.2%

Source: SHEV.io

Throughout 2017–2020, China and France remained the primary suppliers of non-vegetable waxes to Madagascar, with a combined share of 85.5% of total import value, while other countries accounted for the remainder.

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

Source: SHEV.io

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

Source: SHEV.io