Market research

Non-vegetable waxes market in Venezuela

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The Venezuelan market for non-vegetable waxes, including beeswax and spermaceti, contracted over the initial years from 2018 to 2021. Market volume decreased from 75 390 kg in 2018 to 72 795 kg in 2021, reflecting a consistent downward trend in domestic production, which fell from 74 810 kg to 71 750 kg over the same period.

From 2022 onwards, the market entered a recovery phase. Volume expanded to 73 552 kg in 2022 and reached 77 050 kg in 2023. This growth coincided with a significant rise in imports, which increased more than fourfold from 1 045 kg in 2021 to 4 650 kg in 2023, while production stabilized near 72 000 kg.

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 Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Venezuela 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 Venezuela in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela 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 Venezuela in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela 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 Venezuela in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela 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 Venezuela in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/kg
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 Venezuela

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

Venezuela's production of non-vegetable waxes has declined for the third year in a row. In 2020, the country produced 73 470 kg of these waxes, which represents a 1.0% decrease compared to the previous year. Looking at the period from 2017 to 2020, overall production fell by 2.4%, translating to an average annual decline of 0.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.6%)	(0.8%)	(1.0%)	(0.8%)

Source: SHEV.io

Exports non-vegetable waxes from Venezuela

According to the marketing report, Venezuela did not export any non-vegetable waxes between 2017 and 2020.

Imports non-vegetable waxes to Venezuela

Imports in kind, kg

Venezuela imported {value_last_year} kg of non-vegetable waxes in 2020, marking a sharp drop of 84.1% from 2019. Over the four-year span from 2017 to 2020, imports plummeted by 94.1%, which corresponds to an average annual decrease of 61.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(84.1%)	n/a	n/a	(61.1%)

Source: SHEV.io

From 2017 to 2020, the United States accounted for 86.0% of Venezuela's total imports of non-vegetable waxes by volume, with the remaining imports coming from various smaller trading partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

In 2020, the value of non-vegetable waxes imported into Venezuela was 3 855 US dollars, down 25.4% from the previous year. Between 2017 and 2020, import values decreased by 66.4%, with a compound annual growth rate (CAGR) of -30.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.4%)	n/a	n/a	(30.5%)

Source: SHEV.io

During the 2017–2020 period, Venezuela's imports of non-vegetable waxes in value terms were heavily concentrated on the United States and Germany, which together made up 96.7% of the total. Other destinations contributed only marginally to the import flows.

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

Source: SHEV.io

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

Source: SHEV.io