Germany - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Germany Increases Modestly to $7,299 per Ton
Germany Beeswax Import Price in February 2023
In February 2023, the beeswax price stood at $7,299 per ton (CIF, Germany), growing by 17% against the previous month. In general, import price indicated a perceptible increase from February 2022 to February 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, beeswax import price increased by +17.1% against January 2023 indices. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 64% m-o-m. Over the period under review, average import prices hit record highs in February 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($23,379 per ton), while the price for Poland ($3,259 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Beeswax in Germany (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Australia | < 0.1 | 15,327 | < 0.1 | 17,474 | < 0.1 | 12,717 | < 0.1 | 12,995 | < 0.1 | 15,674 | < 0.1 | < 0.1 | 23,379 |
| Ethiopia | < 0.1 | 7,044 | 7,492 | < 0.1 | 8,085 | < 0.1 | < 0.1 | 8,076 | < 0.1 | < 0.1 | 10,259 | < 0.1 | 8,038 |
| Vietnam | 6,781 | 6,169 | 6,715 | 6,513 | 7,148 | 7,011 | 7,219 | 7,797 | 7,758 | 7,963 | 7,893 | 7,919 | 7,484 |
| Spain | 18,714 | 7,853 | 29,211 | 6,096 | 6,649 | 8,652 | 6,080 | 8,583 | 6,137 | 9,589 | 15,883 | 45,876 | 7,400 |
| Central African Republic | 6,812 | < 0.1 | < 0.1 | 6,770 | < 0.1 | < 0.1 | < 0.1 | 5,988 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 6,646 |
| China | 5,122 | 5,060 | 5,074 | 5,206 | 5,215 | 5,000 | 5,341 | 5,524 | 5,714 | 5,908 | 5,708 | 5,784 | 5,424 |
| Poland | 2,452 | 1,928 | 1,968 | 2,617 | 1,976 | 1,894 | 5,900 | 1,824 | 1,808 | 7,532 | 3,985 | 3,305 | 3,259 |
| Argentina | < 0.1 | 6,325 | < 0.1 | 6,405 | < 0.1 | 6,354 | 6,552 | 6,548 | 6,524 | < 0.1 | 6,694 | < 0.1 | < 0.1 |
| Average | 4,806 | 4,904 | 3,869 | 6,355 | 4,465 | 4,159 | 6,169 | 5,492 | 5,022 | 6,523 | 6,319 | 6,234 | 7,299 |
Germany Beeswax Imports
After three months of decline, purchases abroad of beeswax increased by 33% to 307 tons in February 2023. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in June 2022 with an increase of 103% m-o-m.
In value terms, beeswax imports skyrocketed to $2.2M (IndexBox estimates) in February 2023. Overall, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in August 2022 when imports increased by 70% against the previous month.
Germany Beeswax Imports by Country
In February 2023, China (123 tons) constituted the largest beeswax supplier to Germany, with a 40% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, Central African Republic (59 tons), twofold. Poland (40 tons) ranked third in terms of total imports with a 13% share.
From February 2022 to February 2023, the average monthly growth rate of volume from China stood at -6.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Central African Republic (+0.4% per month) and Poland (-12.5% per month).
In value terms, China ($667K), Australia ($468K) and Central African Republic ($389K) constituted the largest beeswax suppliers to Germany, together comprising 68% of total imports. Spain, Ethiopia, Vietnam and Poland lagged somewhat behind, together comprising a further 26%.
Spain, with a CAGR of +102.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the beeswax market in Germany. 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.
Product coverage:
- FCL 1183 - Beeswax
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
