Which Country Produces the Most Beeswax in the World?

In 2015, the country with the largest volume of the beeswax output was India (22 thousand tonnes), accounting for 33% of global production. Moreover, beeswax output in India exceeded the figures recorded by the world's second largest producer, Ethiopia (5 thousand tonnes), fourfold. The third position in this ranking was occupied by Argentina with a share of 8%.

From 2007 to 2015, an average annual growth rate of beeswax producton in India stood at +1.7%. The remaining producing countries recorded the following average annual growth rates: Ethiopia (+1.9% per year) and Argentina (+1.0% per year).

Top 10 Beeswax Producing Countries in the World

1. India (22K Tonnes)
2. Ethiopia (5K Tonnes)
3. Argentina (5K Tonnes)
4. South Korea (4K Tonnes)
5. Turkey (4K Tonnes)
6. Kenya (3K Tonnes)
7. Angola (2K Tonnes)
8. Mexico (2K Tonnes)
9. United Republic of Tanzania (2K Tonnes)
10. Spain (2K Tonnes)

Global Beeswax Production

Global beeswax production amounted to 67 thousand tonnes in 2015, rising by +0.9% against the previous year level. Overall, the global beeswax output pursued a pronounced growth from 2007 to 2015. The trend pattern was relatively stable, with only minor fluctuations throughout the analyzed period. The total output figures increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2008, when the output figure increased by +5% from the previous year level. Over the period under review, the global beeswax production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.

Over the analyzed period, an increase in global beeswax production was primarily driven by disposable income growth, production of food, and growth of medical care and personal care products. Furthermore, these key drivers are expected to continue promoting the beeswax output in the immediate term. This general positive trend was largely conditioned by a robust expansion of the honey bee population and a noticeable contraction of the yield figures.

The world honey bee population amounted to 21,452 thousand No in 2015, which was 2.0% more than the previous year figure. The honey bee population indicated a noticeable increase over the period under review, representing a compound annual growth rate of +3.0% from 2007 to 2015. This trend pattern, however, indicated some mild fluctuations over the recent years. Over the period under review, the total honey bee population peaked in 2015, and is likely to continue its expansion in the immediate term, following rising demand for globally.

Do you want to know more about global beeswax market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• beeswax market share
• beeswax prices
• beeswax industry
• beeswax sales
• beeswax market forecast
• beeswax price forecast
• key beeswax producers

Source: World: Beeswax - Market Report. Analysis And Forecast