What is the price of beeswax per kilogram/pound in Ethiopia today?
The retail price range for Ethiopia beeswax is between US$ 4.20 and US$ 6.18 per kilogram or between US$ 1.91 and US$ 2.80 per pound(lb). Click here to see today's exact prices of beeswax in Ethiopia
The retail price range in Ethiopian Birr for beeswax is between ETB 227.93 and ETB 335.19 per kilogram or between ETB 103.37 and ETB 152.01 per pound(lb) in Addis Ababa and Dire Dawa.
Wholesale prices
In 2024, the approximate wholesale price range for Ethiopia beeswax is between US$ 2.94 and US$ 4.32 per kilogram or between US$ 1.33 and US$ 1.96 per pound(lb).
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Ethiopia Beeswax Export Prices - Historical, Trends and Prediction
The export price of Beeswax from Ethiopia has seen a steady increase over the last five years. In 2017, the price per kilogram was 8.72 US dollars, which increased to 9.21 US dollars in 2016. In 2015, the price was 9.17 US dollars, and in 2014 it was 8.52 US dollars. The highest price in the last five years was in 2013, when it was 7.44 US dollars per kilogram. The lowest price was in 2020, when it was 7.54 US dollars per kilogram. Looking ahead, it is likely that the export price of Beeswax from Ethiopia will remain around the 8 US dollar mark in 2023 and 2024.The beeswax exports from Ethiopia are categorised as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
Ethiopia Beeswax Import Prices - Historical, Trends and Prediction
The import price of Beeswax into Ethiopia over the last five years has been quite stable. In 2016, the price was $9.21 per kg, followed by $8.72 in 2017, $8.56 in 2018, $8.44 in 2019 and $7.54 in 2020. The most recent data shows that the price has increased slightly to $7.70 per kg in 2021. Overall, the import price of Beeswax into Ethiopia has decreased by 18.5% over the last five years. Looking ahead, it is likely that the import price of Beeswax into Ethiopia will remain relatively stable in the coming years. We predict that the price will be around $7.60 per kg in 2023 and $7.50 per kg in 2024.Export values for Ethiopia beeswax
The total values in export for beeswax in Ethiopia were US$ 2,798, US$ 1,951 and US$ 2,885 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ethiopia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of beeswax in other countries across Africa: Algeria beeswax, Angola beeswax, Botswana beeswax, Burundi beeswax, Cameroon beeswax, Cape Verde beeswax, Central African Republic beeswax, Comoros beeswax, DRC Congo beeswax & Benin beeswax.
Ethiopia beeswax - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ethiopia exported 326 tonnes of beeswax. Through 2019 alone, the market for Ethiopia beeswax (processed category) has improved, recording a change of 44.889 pc compared to the year 2018. Between 2017 and 2019, beeswax' exports grew by 1.56 percent netting the country US$2.88m for the year 2019. Ethiopia's beeswax exports are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
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Ethiopia beeswax export values
In 2019, Ethiopia supplied beeswax with a value of 2.88m USD, an increase of 47.62% from 2018's total beeswax export of 1.951m USD. The yearly increase in value of Ethiopia beeswax between 2017 to 2018 was -30.272%.
The yearly variation in the amount of Ethiopia's beeswax exports between 2017 and 2019 was 1.56 pc compared to a variation of 44.889% in the period between 2018 and 2019.
Export markets for Ethiopia beeswax ( in '000$ )
Ethiopia's leading destinations for beeswax are Germany, Japan, China, US and the Netherlands.
Ethiopia imported 0 tonnes of beeswax in 2019.