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World - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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Global Beeswax Market Overview 2021

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Beeswax Market Size

The global beeswax market stood at $X in 2019, surging by X% against the previous year. In general, the total consumption indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the global market hit record highs at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Beeswax Production

In value terms, beeswax production expanded to $X in 2019 estimated in export prices. Overall, the total production indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Global production peaked at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

The countries with the highest volumes of beeswax production in 2019 were Malaysia (X tonnes), India (X tonnes) and China (X tonnes), with a combined X% share of global production. Indonesia, Ethiopia, Argentina, Turkey, South Korea, Kenya and Angola lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Indonesia (+X% per year), while beeswax production for the other global leaders experienced more modest paces of growth.

In 2019, the global average yield of beeswax rose modestly to X kg per X heads, growing by X% against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The global yield peaked at X kg per X heads in 2008; afterwards, it flattened through to 2019.

In 2019, global number of number of animals for beeswax production stood at X heads, remaining stable against the previous year's figure. This number increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, this number attained the peak level in 2019 and is expected to retain growth in the immediate term.

Production By Country

The countries with the highest volumes of beeswax production in 2019 were Malaysia (X tonnes), India (X tonnes) and China (X tonnes), together comprising X% of global production. These countries were followed by Indonesia, Ethiopia, Argentina, Turkey, South Korea, Kenya and Angola, which together accounted for a further X 2007 to 2019, the biggest increases were in Indonesia (+X% per year), while beeswax production for the other global leaders experienced more modest paces of growth.

Beeswax Exports

Exports

Global beeswax exports dropped slightly to X tonnes in 2019, waning by -X% against the year before. Over the period under review, exports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2014 to 2019, the growth of global exports remained at a lower figure.

In value terms, beeswax exports totaled $X in 2019. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, global exports hit record highs at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, China (X tonnes) was the main exporter of beeswax, mixing up X% of total exports. Indonesia (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by the U.S. (X%), Germany (X%) and Viet Nam (X%). Malaysia (X tonnes), the Netherlands (X tonnes), France (X tonnes), Tanzania (X tonnes), Argentina (X tonnes), Australia (X tonnes) and India (X tonnes) held a little share of total exports.

From 2007 to 2019, average annual rates of growth with regard to beeswax exports from China stood at +X%. At the same time, Indonesia (+X%), Viet Nam (+X%), India (+X%), Australia (+X%), the U.S. (+X%), the Netherlands (+X%), Tanzania (+X%), Germany (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. By contrast, France (-X%) and Argentina (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.), Viet Nam (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the global exports, while Malaysia, Germany, France and Argentina saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest beeswax supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2019, the average beeswax export price amounted to $X per tonne, increasing by X% against the previous year. In general, export price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, beeswax export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Beeswax Imports

Imports

In 2019, overseas purchases of beeswax decreased by -X% to X tonnes, falling for the fifth year in a row after two years of growth. In general, imports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Global imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, beeswax imports shrank to $X in 2019. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Global imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Germany (X tonnes) and the U.S. (X tonnes) were the largest importers of beeswaxin the world, together reaching near X% of total imports. It was distantly followed by France (X tonnes), constituting a X% share of total imports. The Netherlands (X tonnes), Italy (X tonnes), Algeria (X tonnes), Japan (X tonnes), Spain (X tonnes), Canada (X tonnes), India (X tonnes), the UK (X tonnes), Greece (X tonnes) and Poland (X tonnes) occupied a little share of total imports.

From 2007 to 2019, the biggest increases were in Algeria, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest beeswax importing markets worldwide were the U.S. ($X), Germany ($X) and France ($X), with a combined X% share of global imports. Italy, Japan, the Netherlands, the UK, Spain, Poland, Canada, Greece, Algeria and India lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average beeswax import price amounted to $X per tonne, picking up by X% against the previous year. In general, import price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, beeswax import price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Global import price peaked in 2019 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Japan ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?
+
The countries with the highest volumes of beeswax consumption in 2019 were Malaysia (35K tonnes), India (26K tonnes) and Indonesia (6.5K tonnes), with a combined 54% share of global consumption.
What are the largest producers of beeswax in the world?
+
The countries with the highest volumes of beeswax production in 2019 were Malaysia (35K tonnes), India (26K tonnes) and China (12K tonnes), together accounting for 56% of global production. Indonesia, Ethiopia, Argentina, Turkey, South Korea, Kenya and Angola lagged somewhat behind, together accounting for a further 26%.
What are the leading exporters of beeswax in the world?
+
In value terms, China ($56M) remains the largest beeswax supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by Germany ($18M), with a 12% share of global exports. It was followed by the U.S., with a 6.1% share.
What are the leading importers of beeswax in the world?
+
In value terms, the largest beeswax importing markets worldwide were the U.S. ($26M), Germany ($26M) and France ($10M), together accounting for 45% of global imports. These countries were followed by Italy, Japan, the Netherlands, the UK, Spain, Poland, Canada, Greece, Algeria and India, which together accounted for a further 29%.
What is the average export price for beeswax in the world?
+
In 2019, the average beeswax export price amounted to $5,847 per tonne, picking up by 5.1% against the previous year.
What is the average import price for beeswax in the world?
+
The average beeswax import price stood at $6,591 per tonne in 2019, increasing by 8.5% against the previous year.

Product coverage:
• FCL 1183 - Beeswax

This report provides an in-depth analysis of the global beeswax market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Producing Animals, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Producing Animals, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Producing Animals, By Country, 2019
Figure 24:
Producing Animals, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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