
France - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
Beeswax Price in France Shrinks to $3,644 per Ton After Two Consecutive Months of Decline
France Beeswax Import Price in October 2022
In October 2022, the beeswax price amounted to $3,644 per ton (CIF, France), remaining constant against the previous month. Over the period under review, import price indicated a noticeable increase from January 2022 to October 2022: its price increased at an average monthly rate of +2.8% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, beeswax import price increased by +30.1% against March 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 110% month-to-month. As a result, import price attained the peak level of $5,974 per ton. From March 2022 to October 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($7,604 per ton), while the price for Belgium ($3,045 per ton) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
France Beeswax Imports
After three months of growth, supplies from abroad of beeswax decreased by -40.6% to 579 tons in October 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when imports increased by 808% month-to-month. As a result, imports reached the peak of 1K tons. From April 2022 to October 2022, the growth of imports failed to regain momentum.
In value terms, beeswax imports dropped notably to $2.1M (IndexBox estimates) in October 2022. Over the period under review, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in March 2022 when imports increased by 326% m-o-m. Imports peaked at 3.6K tons in September 2022, and then fell markedly in the following month.
France Beeswax Imports by Country
In October 2022, Germany (354 tons) constituted the largest beeswax supplier to France, with a 61% share of total imports. Moreover, beeswax imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (168 tons), twofold. China (40 tons) ranked third in terms of total imports with a 6.9% share.
From January 2022 to October 2022, the average monthly growth rate of volume from Germany totaled -2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (+121.7% per month) and China (-9.1% per month).
In value terms, Germany ($1.2M) constituted the largest supplier of beeswax to France, comprising 56% of total imports. The second position in the ranking was taken by Belgium ($512K), with a 24% share of total imports. It was followed by China, with a 14% share.
From January 2022 to October 2022, the average monthly growth rate of value from Germany totaled +3.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (+79.1% per month) and China (-4.6% per month).
Factors Affecting Beeswax Prices
Beeswax is a natural product made by bees that has many uses. It is used in the production of cosmetics, candles, wax paper, and other products. The price of beeswax can vary depending on the region it is produced in and the demand for it.
France is one of the leading producers of beeswax in the world. The price of beeswax in France varies depending on the time of year and market conditions. Factors that can affect the price of beeswax in France include weather conditions, honey production, and global demand.
Beeswax is typically more expensive in the winter months due to the fact that bees are less active and producing less wax. The type of bee also affects the price, with honeybees being the most common type used for commercial purposes. Finally, beeswax from different regions can vary in price depending on local demand and supply.
This report provides an in-depth analysis of the beeswax market in France. 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.
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