Market research

Non-vegetable waxes market in Mexico

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 Mexico grew slightly to 1 825 t in 2019 from 1 782 t in 2018, but then contracted sharply to 1 490 t in 2020. This significant decline was driven by the COVID-19 pandemic, which disrupted global economic activity and impacted the wax industry.

Market volume recovered to 1 607 t in 2021, supported by a rebound in domestic production. However, it softened to 1 574 t in 2022 and further to 1 438 t in 2023. During this latter period, consumer preferences increasingly shifted toward natural and sustainably produced goods, which influenced demand for waxes like beeswax. Additionally, candelilla wax, a notable product in Mexico's wax sector, gained attention for its distinctive properties.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Mexico
  1. 5.1.1. Annual dynamics of production in Mexico in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Mexico 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Mexico in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Mexico, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Mexico in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Mexico, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ US/kg
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2025
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 Mexico

In kind, 2018-2021, t

From 2018 to 2021, Mexico ranked 11th globally in non-vegetable wax production.

Top producers of non-vegetable waxes, 2018-2021

Source: SHEV.io

World map of production of non-vegetable waxes, 2018-2021

Source: SHEV.io

Mexico's non-vegetable wax production declined for two consecutive years before rebounding in 2021. That year, output reached 1 525 tonnes, marking a significant 17.9% increase from 2020. Over the full 2018-2021 period, production fell by 9.4%, with a compound annual growth rate of -3.3%. The lowest production level was recorded in 2020 at 1 293 tonnes, which also saw the steepest annual decline of 21.6%.

Annual dynamics of production in Mexico in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.0%)	(21.6%)	17.9%	(3.3%)

Source: SHEV.io

Exports non-vegetable waxes from Mexico

Market research indicates that Mexico did not export any non-vegetable waxes between 2018 and 2021.

Imports non-vegetable waxes to Mexico

Imports in kind, t

Import volumes of non-vegetable waxes into Mexico showed considerable volatility during this period. In 2019, imports surged by 78.8%, reaching their highest point in 2020 at 197.4 tonnes. However, by 2021, imports dropped sharply to 81.8 tonnes, representing a 58.5% decrease from the previous year. The difference between the peak in 2020 and the trough in 2021 was 2.4-fold.

Annual dynamics of product's imports to Mexico in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	78.8%	12.8%	(58.5%)	(5.8%)

Source: SHEV.io

Between 2018 and 2021, the United States and Germany were the primary sources of non-vegetable wax imports to Mexico, together accounting for 94.8% of total volume. Other countries contributed only minor shares.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Mexico in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After rising for two years, the value of non-vegetable wax imports into Mexico fell in 2021. Imports reached their peak in 2020 at 1 586 thousand US dollars, following a 69.2% increase in 2019. In 2021, import value dropped to 814 thousand US dollars, a decline of 48.7% from the previous year.

Annual dynamics of product's imports to Mexico in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	69.2%	16.8%	(48.7%)	0.5%

Source: SHEV.io

From 2018 to 2021, the United States and Germany dominated Mexico's non-vegetable wax imports by value, jointly representing 94.9% of the total. Other suppliers held relatively small market shares.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Mexico in value, 2018-2021

Source: SHEV.io