Beeswax Market

Beeswax market: download the most recent info powered by an Ai-driven business intelligence platform. Datasets provide production, market prices, trade, companies, exports, imports, market size, and consumption. Here is a split by country, including the Middle East, the U.S., Latin America, the U.K., Russia, EU, China, and Africa. Market insights and outlook to 2030 are also provided in the snapshots.

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Beeswax - World's Largest Markets

In value terms, India led the market, alone. The second position in the ranking was occupied by South Korea. It was followed by Ethiopia.

In India, the beeswax market increased at an average annual rate of +7.1% over the period from 2019-2021. In the other countries, the average annual rates were as follows: South Korea (+1.9% per year) and Ethiopia (-3.0% per year).

Beeswax Prices

Beeswax - Top Importers

In value terms, Germany ($29M), the United States ($25M) and France ($13M) were the countries with the highest levels of imports in 2021, with a combined 46% share of global imports. Italy, Poland, Japan, Spain, the UK, India, the Netherlands, Algeria, Benin and Uzbekistan lagged somewhat behind, together comprising a further 26%.

India (+160.6% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Beeswax - Top Exporters

In value terms, China ($48M) remains the largest beeswax supplier worldwide, comprising 33% of global exports. The second position in the ranking was occupied by Germany ($19M), with a 13% share of global exports. It was followed by the United States, with a 5.3% share.

From 2019 to 2021, the average annual growth rate of value in China totaled +1.3%. In the other countries, the average annual rates were as follows: Germany (+3.1% per year) and the United States (-7.1% per year).

Beeswax - Market Forecast

Driven by rising demand for beeswax worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Beeswax - Top Companies

Henkel AG & Co. KGaA, The Clorox Company, S. C. Johnson & Son, Inc., Diversey, Inc., RECKITT BENCKISER SOUTH AFRICA (PTY) LTD, Versum Materials, Inc., Procter & Gamble Manufacturing GmbH, CH. KARNCHANG PUBLIC COMPANY LIMITED, NCH Corporation, Versum Materials Us, LLC, RECKITT BENCKISER PRODUCTION (POLAND) SP Z O O, S.C. JOHNSON & SON DE ARGENTINA S.A.I.C., KM Mahnke GmbH & Co. KG, Ecolab Co., Shantou Special Economic Zone Aimeishi Cosmetics Co., Ltd., SASOL WAX GMBH, The Clorox International Company, Gojo Industries, Inc., COLGATE-PALMOLIVE PTY LTD, Clorox Products Manufacturing Company

Beeswax - Product Coverage

• HS 152190 - Waxes, other than vegetable, n.e.s. in heading no. 1521; whether or not refined or coloured

Source: IndexBox Market Intelligence Platform