Morocco - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Morocco - 2022
Contents:
- Beeswax Price in Morocco (CIF) - 2022
- Beeswax Price in Morocco (FOB) - 2022
- Beeswax Imports in Morocco
- Beeswax Exports in Morocco
Beeswax Price in Morocco (CIF) - 2022
The average beeswax import price stood at $8,626 per ton in 2022, rising by 37% against the previous year. In general, the import price, however, saw a slight descent. The pace of growth was the most pronounced in 2016 an increase of 84% against the previous year. The import price peaked at $9,918 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($10,922 per ton) and India ($9,119 per ton), while the price for France ($7,770 per ton) and Germany ($8,707 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Beeswax Price in Morocco (FOB) - 2022
In 2021, the average beeswax export price amounted to $3,315 per ton, declining by -77.5% against the previous year. In general, the export price showed a abrupt decline. The growth pace was the most rapid in 2020 an increase of 314%. As a result, the export price reached the peak level of $14,756 per ton, and then declined markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for Congo.
From 2014 to 2021, the rate of growth in terms of prices for Congo amounted to -73.5% per year.
Beeswax Imports in Morocco
Beeswax imports into Morocco shrank rapidly to 7.8 tons in 2022, falling by -62% on the previous year. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 131%. As a result, imports reached the peak of 21 tons, and then dropped markedly in the following year.
In value terms, beeswax imports shrank rapidly to $68K in 2022. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 114%. As a result, imports reached the peak of $130K, and then dropped remarkably in the following year.
| Import of Beeswax in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.6 | 5.6 | 8.9 | 32.7 | 70.5% |
| France | 5.8 | 3.5 | 6.9 | 23.3 | 59.0% |
| China | 14.0 | 9.1 | 13.5 | 5.6 | -26.3% |
| India | 0.9 | 0.6 | 0.9 | 5.2 | 79.4% |
| Spain | 7.1 | 12.3 | 26.2 | N/A | 92.1% |
| Brazil | 10.0 | 8.8 | 14.3 | N/A | 19.6% |
| Others | 42.9 | 20.6 | 59.0 | 0.8 | -73.5% |
| Total | 87.2 | 60.5 | 130 | 67.7 | -8.1% |
Top Suppliers of Beeswax to Morocco in 2022:
- Germany (3.8 tons)
- France (3.0 tons)
- India (0.6 tons)
- China (0.5 tons)
Beeswax Exports in Morocco
In 2021, approx. 688 kg of beeswax were exported from Morocco; increasing by 739% on the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, beeswax exports surged to $2.3K in 2021. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 771% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.
| Export of Beeswax in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Congo | N/A | 501 | 2,281 | 355.3% | |
| Spain | N/A | 709 | N/A | 0% | |
| Equatorial Guinea | 139 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 139 | 1,210 | 2,281 | 305.1% | |
Top Export Markets for Beeswax from Morocco in 2022:
- Congo (688.0 kg)
This report provides an in-depth analysis of the beeswax market in Morocco. 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:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- 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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