China’s Beeswax Exports Increased by 19% in 2014

Mixed Farming October 08, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

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: World: Beeswax - Market Report. Analysis And Forecast To 2020