World - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
China’s Beeswax Exports Increased by 19% in 2014
China dominates in the global beeswax trade. In 2014, China exported 11 thousand tonnes of beeswax totaling 60 million USD, 19% over the previous year. Its primary trading partner was Germany, where it supplied 24% of its total beeswax exports in value terms, accounting for 61% of Germany's total imports.
Overall, the global beeswax trade reached 176 million USD, with a CAGR of 15% from 2007 to 2014. In physical terms, it showed steady growth, rising from 16 thousand tonnes in 2007 to 67 thousand tonnes in 2014.
In 2014, the U.S. (21%), Germany (17%), France (10%), Japan (5%) and Italy (4%) were the leading destinations of beeswax imports, together making up 57% of global imports. The share of the U.S. increased (+6 percentage points), while the share of Germany illustrated negative dynamics (-4 percentage points).
Malaysia and Germany were among the other main global suppliers of beeswax in 2014 with a combined share of 27% of global exports. However, the fastest growing exporters from 2007 to 2014 were Malaysia (+74% per year) and China (+18% per year). Malaysia significantly strengthened its position in the global export structure, from 1% in 2007 to 20% in 2014.
Source: IndexBox AI Platform
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.
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