Germany: Beeswax Market 2024

Beeswax Market Size in Germany

The German beeswax market surged to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Beeswax Exports

Exports from Germany

In 2022, the amount of beeswax exported from Germany expanded to X tons, with an increase of X% on the previous year's figure. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, beeswax exports reduced to $X in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), France (X tons) and South Korea (X tons) were the main destinations of beeswax exports from Germany, together comprising X% of total exports. The United States, Greece, Switzerland, Austria, Slovakia, Italy, the Netherlands, the UK, Mexico and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beeswax exported from Germany were France ($X), Poland ($X) and South Korea ($X), with a combined X% share of total exports. The United States, Switzerland, Austria, Italy, Greece, Slovakia, the UK, the Netherlands, Mexico and Thailand lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beeswax export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Poland ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Germany

Beeswax imports into Germany skyrocketed to X tons in 2022, rising by X% on 2021. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, beeswax imports skyrocketed to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Vietnam (X tons) were the main suppliers of beeswax imports to Germany, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of beeswax to Germany, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Poland (X% per year).

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a noticeable descent. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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