Hong Kong SAR, China - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Hong Kong SAR - 2023
Contents:
- Beeswax Price in Hong Kong SAR (CIF) - 2022
- Beeswax Price in Hong Kong SAR (FOB) - 2022
- Beeswax Imports in Hong Kong SAR
- Beeswax Exports in Hong Kong SAR
Beeswax Price in Hong Kong SAR (CIF) - 2022
In 2022, the average beeswax import price amounted to $10,494 per ton, jumping by 43% against the previous year. Over the period under review, the import price posted a mild expansion. The growth pace was the most rapid in 2015 an increase of 121% against the previous year. As a result, import price attained the peak level of $14,752 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($28,893 per ton), while the price for China ($7,279 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Beeswax Price in Hong Kong SAR (FOB) - 2022
In 2022, the average beeswax export price amounted to $13,336 per ton, rising by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the maximum at $14,298 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($26,471 per ton), while the average price for exports to China totaled $13,087 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.3%), while the prices for the other major destinations experienced a decline.
Beeswax Imports in Hong Kong SAR
In 2022, imports of beeswax into Hong Kong SAR reduced markedly to 14 tons, which is down by -76.5% against 2021 figures. Overall, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of 60 tons, and then contracted notably in the following year.
In value terms, beeswax imports fell notably to $149K in 2022. Over the period under review, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 104% against the previous year. As a result, imports reached the peak of $442K, and then fell markedly in the following year.
| Import of Beeswax in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 251 | 150 | 205 | 71.2 | -34.3% |
| United States | 20.4 | 11.5 | 25.5 | 29.2 | 12.7% |
| France | N/A | N/A | 6.5 | 14.8 | 127.7% |
| Japan | 97.3 | 16.7 | 93.1 | 11.0 | -51.6% |
| Italy | 3.1 | 16.0 | 57.2 | 5.0 | 17.3% |
| Poland | N/A | N/A | 45.5 | N/A | 0% |
| Others | 5.3 | 21.8 | 8.2 | 17.4 | 48.6% |
| Total | 377 | 216 | 442 | 149 | -26.6% |
Top Suppliers of Beeswax to Hong Kong SAR in 2022:
- China (9.8 tons)
- United States (2.4 tons)
- France (1.2 tons)
- Japan (0.4 tons)
- Italy (0.3 tons)
Beeswax Exports in Hong Kong SAR
In 2022, approx. 2.7 tons of beeswax were exported from Hong Kong SAR; waning by -78.9% against the previous year's figure. Over the period under review, exports faced a dramatic downturn. The smallest decline of -26.1% was in 2021.
In value terms, beeswax exports contracted remarkably to $36K in 2022. In general, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year.
| Export of Beeswax in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 196 | 22.4 | 86.2 | 35.1 | -43.6% |
| United States | N/A | 49.5 | 50.6 | 1.4 | -83.2% |
| New Zealand | N/A | 8.4 | N/A | N/A | 0% |
| India | N/A | 14.5 | N/A | N/A | 0% |
| Australia | 7.1 | 23.0 | N/A | N/A | 223.9% |
| Madagascar | 2.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 206 | 118 | 137 | 36.5 | -43.8% |
Top Export Markets for Beeswax from Hong Kong SAR in 2022:
- China (2.7 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the beeswax market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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:
- 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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