China - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 18, 2024

China - Beeswax - Market Analysis, Forecast, Size, Trends and Insights

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Beeswax Price in China - 2023

Contents:

  1. Beeswax Price in China (FOB) - 2023
  2. Beeswax Price in China (CIF) - 2023
  3. Beeswax Exports in China
  4. Beeswax Imports in China

Beeswax Price in China (FOB) - 2023

In September 2023, the average beeswax export price amounted to $4,518 per ton, dropping by -5.8% against the previous month. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in February 2023 an increase of 11% month-to-month. The export price peaked at $5,404 per ton in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Australia ($6,907 per ton), while the average price for exports to Algeria ($2,352 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

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Aleksandr Romanenko

Beeswax Price in China (CIF) - 2023

In September 2023, the average beeswax import price amounted to $6,798 per ton, waning by -57.6% against the previous month. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 121% m-o-m. As a result, import price attained the peak level of $16,711 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($22,456 per ton), while the price for the Netherlands ($8,819 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Beeswax Exports in China

In 2022, approx. 9.7K tons of beeswax were exported from China; increasing by 2.2% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 3.5%.

In value terms, beeswax exports rose rapidly to $49M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Beeswax in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany11.213.113.014.18.0%
United States7.95.96.48.52.5%
France4.33.33.84.40.8%
Netherlands2.42.22.23.18.9%
Australia2.82.01.92.4-5.0%
United Kingdom2.32.11.82.1-3.0%
Italy2.72.23.31.9-11.1%
Greece1.51.21.51.86.3%
Spain1.71.41.91.81.9%
Serbia0.90.41.01.723.6%
Algeria2.71.70.60.7-36.2%
Albania0.30.30.30.410.1%
Others6.56.56.75.6-4.8%
Total47.142.244.448.61.1%

Top Export Markets for Beeswax from China in 2022:

  1. Germany (2633.3 tons)
  2. United States (1459.4 tons)
  3. France (827.1 tons)
  4. Netherlands (576.1 tons)
  5. Greece (495.0 tons)
  6. Serbia (479.7 tons)
  7. Spain (450.9 tons)
  8. Italy (380.6 tons)
  9. United Kingdom (379.2 tons)
  10. Australia (335.2 tons)
  11. Algeria (259.0 tons)
  12. Albania (150.1 tons)

Beeswax Imports in China

In 2022, supplies from abroad of beeswax decreased by -60.5% to 112 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 283 tons, and then dropped dramatically in the following year.

In value terms, beeswax imports fell remarkably to $1.2M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of $2.7M, and then reduced sharply in the following year.

Import of Beeswax in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States15462843238235.4%
France252131218251-0.1%
Germany533292339163-32.6%
Netherlands4.9N/A107126195.2%
Japan20617412795.0-22.7%
MadagascarN/AN/AN/A76.00%
South Korea13713413451.6-27.8%
Cameroon267214N/AN/A-19.9%
Ethiopia465128289N/A-21.2%
TanzaniaN/A480603N/A25.6%
Guinea161N/AN/AN/A0%
TogoN/AN/A380N/A0%
Others49.03.371.869.912.6%
Total2,2302,1842,7001,215-18.3%

Top Suppliers of Beeswax to China in 2022:

  1. United States (30.2 tons)
  2. France (25.6 tons)
  3. Germany (17.5 tons)
  4. Netherlands (16.5 tons)
  5. Madagascar (6.8 tons)
  6. Japan (3.6 tons)
  7. South Korea (3.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the beeswax market in China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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