Colombia - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Colombia - 2022
Contents:
- Beeswax Price in Colombia (CIF) - 2022
- Beeswax Price in Colombia (FOB) - 2022
- Beeswax Imports in Colombia
- Beeswax Exports in Colombia
Beeswax Price in Colombia (CIF) - 2022
The average beeswax import price stood at $5,903 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 26%. The import price peaked at $8,380 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($33,910 per ton), while the price for China ($2,013 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Beeswax Price in Colombia (FOB) - 2022
The average beeswax export price stood at $9,054 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 67%. Over the period under review, the average export prices attained the maximum at $12,200 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.0% per year.
Beeswax Imports in Colombia
In 2022, beeswax imports into Colombia reduced notably to 55 tons, which is down by -19.8% on the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 96%. As a result, imports reached the peak of 68 tons, and then contracted significantly in the following year.
In value terms, beeswax imports fell significantly to $323K in 2022. In general, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of $402K, and then shrank dramatically in the following year.
| Import of Beeswax in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 113 | 77.8 | 243 | 192 | 19.3% |
| Brazil | 62.2 | 54.1 | 82.8 | 54.4 | -4.4% |
| France | 2.2 | 5.7 | 25.8 | 25.9 | 127.5% |
| Germany | 18.6 | 11.1 | 11.0 | 9.2 | -20.9% |
| China | 7.9 | 51.0 | 7.3 | 4.8 | -15.3% |
| Cuba | 19.7 | N/A | N/A | N/A | 0% |
| Others | 78.6 | 44.4 | 32.4 | 36.4 | -22.6% |
| Total | 302 | 244 | 402 | 323 | 2.3% |
Top Suppliers of Beeswax to Colombia in 2022:
- United States (42.5 tons)
- France (2.5 tons)
- China (2.4 tons)
- Germany (2.2 tons)
- Brazil (1.6 tons)
Beeswax Exports in Colombia
In 2022, after two years of decline, there was significant growth in overseas shipments of beeswax, when their volume increased by 19% to 74 kg. Overall, exports, however, continue to indicate a abrupt downturn.
In value terms, beeswax exports skyrocketed to $670 in 2022. Over the period under review, exports, however, showed a abrupt setback.
| Export of Beeswax in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 613 | 2.0 | 300 | 670 | 3.0% |
| Slovakia | N/A | 689 | N/A | N/A | 0% |
| Aruba | N/A | 1.0 | 37.0 | N/A | 3600.0% |
| Guatemala | 98.0 | N/A | N/A | N/A | 0% |
| Slovenia | N/A | 93.0 | N/A | N/A | 0% |
| Philippines | N/A | N/A | 219 | N/A | 0% |
| Australia | 401 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.0 | N/A | N/A | 0% |
| Total | 1,112 | 786 | 556 | 670 | -15.5% |
Top Export Markets for Beeswax from Colombia in 2022:
- United States (74.0 kg)
This report provides an in-depth analysis of the beeswax market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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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