Malaysia - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Malaysia - 2022
Contents:
- Beeswax Price in Malaysia (CIF) - 2022
- Beeswax Price in Malaysia (FOB) - 2022
- Beeswax Imports in Malaysia
- Beeswax Exports in Malaysia
Beeswax Price in Malaysia (CIF) - 2022
In 2022, the average beeswax import price amounted to $7,806 per ton, with an increase of 5.9% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beeswax import price increased by +111.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 44%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
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 Indonesia ($36,648 per ton), while the price for Taiwan (Chinese) ($2,451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Beeswax Price in Malaysia (FOB) - 2022
The average beeswax export price stood at $2,871 per ton in 2022, rising by 7.1% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 76% against the previous year. The export price peaked at $3,021 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($17,522 per ton), while the average price for exports to the United Arab Emirates ($809 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 Ghana (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Imports in Malaysia
In 2022, overseas purchases of beeswax decreased by -3.8% to 16 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 6.2% against the previous year. As a result, imports attained the peak of 22 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, beeswax imports reached $127K in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of $129K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Beeswax in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 15.8 | 19.9 | 27.5 | 30.3 | 24.2% |
| United States | 5.0 | 10.3 | 15.8 | 14.6 | 42.9% |
| United Kingdom | 3.8 | 2.4 | 1.2 | 13.6 | 53.0% |
| Brazil | 4.6 | 13.2 | 14.2 | 12.0 | 37.7% |
| Germany | 25.4 | 31.5 | 20.4 | 10.5 | -25.5% |
| China | 11.0 | 4.1 | 3.2 | 7.6 | -11.6% |
| New Zealand | 4.0 | 3.9 | 3.3 | 3.9 | -0.8% |
| Singapore | 0.8 | 3.3 | 3.9 | 3.7 | 66.6% |
| Spain | 3.9 | 3.6 | 3.6 | 2.9 | -9.4% |
| India | 2.4 | 2.3 | 1.2 | 2.1 | -4.4% |
| Taiwan (Chinese) | 1.9 | 1.6 | 1.6 | 1.2 | -14.2% |
| Belgium | 6.9 | 3.8 | 0.5 | 0.1 | -75.6% |
| Others | 26.7 | 29.0 | 28.0 | 24.1 | -3.4% |
| Total | 112 | 129 | 124 | 127 | 4.3% |
Top Suppliers of Beeswax to Malaysia in 2022:
- Belgium (undefined tons)
- United States (3.3 tons)
- Brazil (2.7 tons)
- United Kingdom (2.1 tons)
- Singapore (1.2 tons)
- China (1.2 tons)
- Germany (1.1 tons)
- Indonesia (0.8 tons)
- Taiwan (Chinese) (0.5 tons)
- India (0.5 tons)
- Spain (0.4 tons)
- New Zealand (0.2 tons)
Beeswax Exports in Malaysia
In 2022, after two years of decline, there was growth in shipments abroad of beeswax, when their volume increased by 3.1% to 19 tons. Over the period under review, exports, however, recorded a abrupt decrease.
In value terms, beeswax exports expanded markedly to $56K in 2022. In general, exports, however, recorded a abrupt decline.
| Export of Beeswax in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 45.8 | 32.8 | 24.8 | 26.7 | -16.5% |
| India | 8.7 | 7.4 | 10.1 | 11.5 | 9.7% |
| Ghana | 8.8 | 6.3 | 4.8 | 5.1 | -16.6% |
| Pakistan | 8.6 | 6.1 | 4.6 | 5.0 | -16.5% |
| Nigeria | 5.7 | 2.9 | 1.6 | 1.2 | -40.5% |
| United Arab Emirates | 1.1 | 0.7 | 0.4 | 0.4 | -28.6% |
| Germany | 1.3 | 0.7 | 0.5 | 0.4 | -32.5% |
| Others | 5.2 | 4.1 | 3.7 | 5.5 | 1.9% |
| Total | 85.2 | 61.0 | 50.5 | 55.8 | -13.2% |
Top Export Markets for Beeswax from Malaysia in 2022:
- Kenya (10.5 tons)
- India (3.2 tons)
- Pakistan (2.8 tons)
- Nigeria (1.1 tons)
- United Arab Emirates (0.5 tons)
- Ghana (0.3 tons)
- Germany (0.3 tons)
This report provides an in-depth analysis of the beeswax market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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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