Canada - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Canada - 2023
Contents:
- Beeswax Price in Canada (CIF) - 2023
- Beeswax Price in Canada (FOB) - 2022
- Beeswax Imports in Canada
- Beeswax Exports in Canada
Beeswax Price in Canada (CIF) - 2023
The average beeswax import price stood at $8,350 per ton in September 2023, waning by -22.8% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 18% against the previous month. The import price peaked at $11,756 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($12,330 per ton), while the price for Malaysia ($4,222 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Beeswax Price in Canada (FOB) - 2022
In 2022, the average beeswax export price amounted to $9,607 per ton, jumping by 22% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,855 per ton), while the average price for exports to Israel ($4,986 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.
Beeswax Imports in Canada
Beeswax imports into Canada contracted to 321 tons in 2022, which is down by -10.7% against the previous year's figure. Overall, imports showed a mild descent. The growth pace was the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of 360 tons, and then reduced in the following year.
In value terms, beeswax imports expanded significantly to $3M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.7% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Beeswax in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,796 | 1,758 | 1,946 | 2,042 | 4.4% |
| China | 367 | 356 | 282 | 241 | -13.1% |
| Malaysia | N/A | 9.4 | 45.9 | 208 | 370.4% |
| Germany | 160 | 197 | 190 | 195 | 6.8% |
| South Korea | N/A | 84.5 | 126 | 150 | 33.2% |
| France | 56.1 | 45.3 | 127 | 80.4 | 12.7% |
| United Kingdom | 7.4 | 11.1 | 18.0 | 69.9 | 111.4% |
| Others | 78.5 | 101 | 76.0 | 61.1 | -8.0% |
| Total | 2,464 | 2,562 | 2,810 | 3,047 | 7.3% |
Top Suppliers of Beeswax to Canada in 2022:
- United States (194.9 tons)
- Malaysia (45.8 tons)
- China (36.2 tons)
- Germany (13.9 tons)
- United Kingdom (10.5 tons)
- South Korea (7.5 tons)
- France (6.6 tons)
Beeswax Exports in Canada
For the third consecutive year, Canada recorded decline in shipments abroad of beeswax, which decreased by -14.1% to 210 tons in 2022. In general, exports recorded a abrupt slump. The smallest decline of -8.6% was in 2020.
In value terms, beeswax exports reached $2M in 2022. Over the period under review, exports showed a deep downturn.
| Export of Beeswax in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,868 | 2,351 | 1,890 | 1,968 | -11.8% |
| Iran | N/A | N/A | 4.2 | 30.2 | 619.0% |
| Israel | 0.1 | 30.6 | 37.6 | 20.0 | 484.8% |
| Others | 1.6 | 15.9 | 1.0 | 3.5 | 29.8% |
| Total | 2,870 | 2,397 | 1,933 | 2,021 | -11.0% |
Top Export Markets for Beeswax from Canada in 2022:
- United States (199.7 tons)
- Iran (6.0 tons)
- Israel (4.0 tons)
This report provides an in-depth analysis of the beeswax market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1183 - Beeswax
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
770
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Beeswax imports reached a value of $283K in June 2023.
45
Imports of Vegetable Waxes reached 1.9K tons in 2021 before leveling off until 2023. The value of vegetable waxes imports slightly increased to $6.9M in 2023.
248
In June 2023, the price of Vegetable Waxes reached $4,830 per ton (CIF, Canada), exhibiting a 52% growth compared to the previous month.
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In February 2023, the maize oil price was recorded at $838 per ton (FOB, Canada), which was an increase of 5.6% compared to the previous month.
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1473
Global beeswax consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
9215
In 2015, the country with the largest volume of the beeswax output was India (X thousand tons), accounting for X% of global production.
1390
China dominates in the global beeswax trade. In 2014, China exported X thousand tons of beeswax totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total beeswax exports in value
667
Brazil was the largest exporter of vegetable waxes in the world, with the volume of exports accounting for 14K tons, which was near 45% of total exports in 2018.
1507
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