Australia - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Australia - 2023
Contents:
- Beeswax Price in Australia (CIF) - 2023
- Beeswax Price in Australia (FOB) - 2022
- Beeswax Imports in Australia
- Beeswax Exports in Australia
Beeswax Price in Australia (CIF) - 2023
In September 2023, the average beeswax import price amounted to $7,311 per ton, with an increase of 28% against the previous month. In general, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, beeswax import price decreased by -37.6% against July 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 68% against the previous month. The import price peaked at $11,709 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +0.5% per month.
Beeswax Price in Australia (FOB) - 2022
In 2022, the average beeswax export price amounted to $13,425 per ton, waning by -3.8% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beeswax export price increased by +7.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $14,784 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($16,880 per ton), while the average price for exports to France ($876 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Imports in Australia
In 2022, purchases abroad of beeswax was finally on the rise to reach 457 tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, beeswax imports expanded remarkably to $3.2M in 2022. In general, imports, however, continue to indicate a perceptible setback.
| Import of Beeswax in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,761 | 2,210 | 2,054 | 2,377 | -4.9% |
| Germany | 304 | 165 | 385 | 405 | 10.0% |
| New Zealand | 183 | 52.8 | 132 | 148 | -6.8% |
| Malaysia | N/A | N/A | 32.9 | 82.5 | 150.8% |
| India | 71.8 | 221 | 160 | 78.6 | 3.1% |
| United States | 212 | 179 | 113 | 46.8 | -39.6% |
| Others | 22.7 | 102 | 65.6 | 69.5 | 45.2% |
| Total | 3,554 | 2,931 | 2,942 | 3,208 | -3.4% |
Top Suppliers of Beeswax to Australia in 2022:
- China (322.6 tons)
- Germany (48.9 tons)
- Malaysia (42.0 tons)
- India (16.0 tons)
- New Zealand (14.4 tons)
- United States (7.9 tons)
Beeswax Exports in Australia
In 2022, overseas shipments of beeswax were finally on the rise to reach 173 tons after two years of decline. Overall, exports, however, continue to indicate a deep slump.
In value terms, beeswax exports surged to $2.3M in 2022. In general, exports, however, recorded a abrupt decline.
| Export of Beeswax in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 791 | 1,346 | 1,608 | 1,813 | 31.8% |
| Japan | 2,065 | 390 | 215 | 350 | -44.7% |
| South Korea | N/A | 19.8 | 40.1 | 18.3 | -3.9% |
| France | N/A | N/A | 32.6 | 17.1 | -47.5% |
| United States | 395 | 3.0 | 2.8 | N/A | -91.6% |
| Others | 198 | 83.9 | 61.2 | 119 | -15.6% |
| Total | 3,449 | 1,843 | 1,960 | 2,317 | -12.4% |
Top Export Markets for Beeswax from Australia in 2022:
- Germany (107.4 tons)
- Japan (26.4 tons)
- France (19.6 tons)
- South Korea (9.5 tons)
This report provides an in-depth analysis of the beeswax market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
-
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
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In May 2023, the Beeswax price reached $6,975 per ton (CIF, Australia), marking a 22% increase compared to the previous month.
1474
Global beeswax consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
9218
In 2015, the country with the largest volume of the beeswax output was India (X thousand tons), accounting for X% of global production.
1390
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