Germany - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Germany - 2023
Contents:
- Beeswax Price in Germany (CIF) - 2023
- Beeswax Price in Germany (FOB) - 2023
- Beeswax Imports in Germany
- Beeswax Exports in Germany
Beeswax Price in Germany (CIF) - 2023
The average beeswax import price stood at $2,471 per ton in August 2023, declining by -68.1% against the previous month. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in July 2023 when the average import price increased by 34% against the previous month. As a result, import price reached the peak level of $7,754 per ton, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Tanzania ($7,487 per ton), while the price for Poland ($384 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Beeswax Price in Germany (FOB) - 2023
In August 2023, the average beeswax export price amounted to $10,955 per ton, shrinking by -11.5% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in July 2023 an increase of 28% m-o-m. As a result, the export price reached the peak level of $12,374 per ton, and then dropped in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Italy ($22,474 per ton), while the average price for exports to Denmark ($7,144 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Imports in Germany
For the fourth year in a row, Germany recorded growth in purchases abroad of beeswax, which increased by 37% to 6.9K tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, beeswax imports skyrocketed to $36M in 2022. The total import value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Beeswax in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.6 | 13.9 | 10.7 | 16.1 | 11.5% |
| Vietnam | 3.4 | 2.8 | 3.6 | 4.9 | 13.0% |
| Poland | N/A | 1.1 | 3.3 | 4.7 | 106.7% |
| Argentina | 0.9 | 0.6 | 1.4 | 1.4 | 15.9% |
| Netherlands | 0.5 | 0.4 | 0.9 | 1.0 | 26.0% |
| Ethiopia | 1.3 | 1.0 | 0.5 | 0.8 | -14.9% |
| Central African Republic | N/A | 0.6 | 0.4 | 0.7 | 8.0% |
| United States | 1.5 | 1.8 | 1.2 | 0.6 | -26.3% |
| Austria | 0.3 | 0.3 | 0.4 | 0.1 | -30.7% |
| Others | 6.1 | 6.6 | 5.4 | 5.5 | -3.4% |
| Total | 25.7 | 29.1 | 27.9 | 35.8 | 11.7% |
Top Suppliers of Beeswax to Germany in 2022:
- China (2912.6 tons)
- Poland (2026.2 tons)
- Vietnam (683.0 tons)
- Argentina (216.0 tons)
- Netherlands (125.3 tons)
- Austria (113.1 tons)
- Central African Republic (111.8 tons)
- Ethiopia (98.0 tons)
- United States (58.3 tons)
Beeswax Exports in Germany
In 2022, the amount of beeswax exported from Germany rose to 2.1K tons, increasing by 1.9% compared with 2021. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 10% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, beeswax exports contracted to $18M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.6%. As a result, the exports reached the peak of $20M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Beeswax in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.1 | 3.5 | 3.8 | 3.1 | 0.0% |
| Poland | 2.1 | 4.8 | 2.7 | 2.6 | 7.4% |
| South Korea | 0.4 | 0.3 | 0.4 | 1.4 | 51.8% |
| United States | 0.5 | 0.6 | 0.6 | 1.0 | 26.0% |
| Austria | 0.7 | 0.7 | 0.7 | 0.9 | 8.7% |
| Switzerland | 0.8 | 1.0 | 1.0 | 0.9 | 4.0% |
| Italy | 0.7 | 0.7 | 1.1 | 0.8 | 4.6% |
| Greece | 0.9 | 0.7 | 1.0 | 0.8 | -3.9% |
| United Kingdom | 0.6 | 0.5 | 0.6 | 0.5 | -5.9% |
| Netherlands | 1.1 | 0.5 | 0.7 | 0.5 | -23.1% |
| Slovakia | 0.8 | 0.7 | 0.9 | 0.5 | -14.5% |
| Mexico | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
| Thailand | 0.2 | 0.4 | 0.5 | 0.3 | 14.5% |
| Others | 6.0 | 4.8 | 5.1 | 4.4 | -9.8% |
| Total | 18.2 | 19.6 | 19.4 | 18.0 | -0.4% |
Top Export Markets for Beeswax from Germany in 2022:
- Poland (410.1 tons)
- France (397.6 tons)
- South Korea (169.9 tons)
- United States (113.4 tons)
- Greece (95.6 tons)
- Switzerland (88.3 tons)
- Austria (88.0 tons)
- Slovakia (60.2 tons)
- Italy (57.2 tons)
- Netherlands (56.6 tons)
- United Kingdom (46.2 tons)
- Mexico (38.3 tons)
- Thailand (36.3 tons)
This report provides an in-depth analysis of the beeswax market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
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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
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In February 2023, the beeswax price stood at $7,299 per ton (CIF, Germany), growing by 17% against the previous month.
341
In March 2023, the vegetable waxes price amounted to $7,309 per ton (CIF, Germany), remaining relatively unchanged against the previous month.
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