Oman - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Oman - 2021
Contents:
- Beeswax Price in Oman (CIF) - 2022
- Beeswax Price in Oman (FOB) - 2022
- Beeswax Imports in Oman
- Beeswax Exports in Oman
Beeswax Price in Oman (CIF) - 2022
In 2022, the average beeswax import price amounted to $2,973 per ton, surging by 21% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $4,503 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 Yemen ($9,481 per ton), while the price for Egypt ($570 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+49.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Beeswax Price in Oman (FOB) - 2022
The average beeswax export price stood at $20,098 per ton in 2022, increasing by 528% against the previous year. In general, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($21,767 per ton), while the average price for exports to Saudi Arabia totaled $15,545 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+138.6%), while the prices for the other major destinations experienced mixed trend patterns.
Beeswax Imports in Oman
In 2022, after three years of growth, there was significant decline in supplies from abroad of beeswax, when their volume decreased by -33.7% to 214 tons. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 221%.
In value terms, beeswax imports declined dramatically to $636K in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 192%.
| Import of Beeswax in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.5 | 225 | 195 | 211 | 46.2% |
| United Arab Emirates | 16.9 | 97.2 | 172 | 157 | 110.2% |
| Turkey | 34.9 | 27.0 | 110 | 100 | 42.0% |
| Yemen | 13.3 | 29.5 | 75.9 | 69.1 | 73.2% |
| Egypt | 1.9 | 5.5 | 5.4 | 5.0 | 38.1% |
| United States | N/A | 61.7 | 171 | N/A | 177.1% |
| Saudi Arabia | N/A | N/A | 2.9 | N/A | 0% |
| Others | 29.8 | 32.9 | 60.9 | 93.5 | 46.4% |
| Total | 164 | 479 | 793 | 636 | 57.1% |
Top Suppliers of Beeswax to Oman in 2022:
- United Arab Emirates (76.6 tons)
- China (64.7 tons)
- Turkey (53.6 tons)
- Egypt (8.7 tons)
- Yemen (7.3 tons)
Beeswax Exports in Oman
After three years of growth, overseas shipments of beeswax decreased by -85.4% to 41 kg in 2022. Over the period under review, exports saw a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 12%. As a result, the exports reached the peak of 281 kg, and then contracted rapidly in the following year.
In value terms, beeswax exports contracted to $824 in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 20%.
| Export of Beeswax in Oman (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 380 | 485 | 646 | 653 | 19.8% |
| Saudi Arabia | 223 | 223 | 169 | 171 | -8.5% |
| Yemen | N/A | 41.0 | 84.0 | N/A | 104.9% |
| Others | 21.0 | N/A | N/A | N/A | 0% |
| Total | 624 | 749 | 899 | 824 | 9.7% |
Top Export Markets for Beeswax from Oman in 2022:
- Qatar (30.0 kg)
- Saudi Arabia (11.0 kg)
This report provides an in-depth analysis of the beeswax market in Oman. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Oman
- 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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