Lithuania - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Lithuania - 2023
Contents:
- Beeswax Price in Lithuania (CIF) - 2022
- Beeswax Price in Lithuania (FOB) - 2022
- Beeswax Imports in Lithuania
- Beeswax Exports in Lithuania
Beeswax Price in Lithuania (CIF) - 2022
The average beeswax import price stood at $5,050 per ton in 2022, with an increase of 48% against the previous year. In general, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2021 an increase of 138%. The import price peaked at $12,016 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($17,154 per ton), while the price for China ($3,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Beeswax Price in Lithuania (FOB) - 2022
The average beeswax export price stood at $7,393 per ton in 2022, reducing by -39.3% against the previous year. In general, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $12,171 per ton, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($20,375 per ton), while the average price for exports to Romania ($2,941 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 Ukraine (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Imports in Lithuania
In 2022, supplies from abroad of beeswax decreased by -29.9% to 105 tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,000%. As a result, imports attained the peak of 204 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, beeswax imports stood at $530K in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 335% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Beeswax in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 0.6 | 402 | 483 | 2737.3% |
| China | 2.0 | 9.1 | 33.9 | 25.5 | 133.6% |
| United Kingdom | 0.4 | 0.4 | 27.7 | 13.3 | 221.6% |
| Netherlands | 57.3 | 94.1 | 3.7 | 1.1 | -73.2% |
| France | N/A | 180 | 31.2 | N/A | -82.7% |
| Others | 7.3 | 7.7 | 12.1 | 7.2 | -0.5% |
| Total | 67.0 | 291 | 510 | 530 | 99.3% |
Top Suppliers of Beeswax to Lithuania in 2022:
- Poland (93.5 tons)
- China (7.7 tons)
- United Kingdom (2.9 tons)
- Netherlands (0.1 tons)
Beeswax Exports in Lithuania
In 2022, overseas shipments of beeswax were finally on the rise to reach 8.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous decline.
In value terms, beeswax exports skyrocketed to $62K in 2022. In general, exports, however, continue to indicate a significant curtailment.
| Export of Beeswax in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 42.2 | 4.8 | 37.5 | -5.7% |
| Latvia | 14.2 | 10.1 | 10.2 | 6.9 | -21.4% |
| Germany | N/A | 24.2 | 7.2 | 6.0 | -50.2% |
| Romania | N/A | N/A | N/A | 5.9 | 0% |
| Bulgaria | N/A | N/A | N/A | 3.1 | 0% |
| Czech Republic | 0.3 | 0.3 | 0.4 | 1.9 | 85.0% |
| Denmark | 8.6 | N/A | N/A | N/A | 0% |
| Portugal | 159 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 6.1 | 1.5 | 0.7 | 91.3% |
| Total | 182 | 82.9 | 24.1 | 62.1 | -30.1% |
Top Export Markets for Beeswax from Lithuania in 2022:
- Poland (4.1 tons)
- Romania (2.0 tons)
- Bulgaria (1.0 tons)
- Latvia (0.8 tons)
- Germany (0.3 tons)
- Czech Republic (0.2 tons)
This report provides an in-depth analysis of the beeswax market in Lithuania. 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:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- 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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