Pakistan - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Pakistan - 2023
Contents:
- Beeswax Price in Pakistan (CIF) - 2022
- Beeswax Price in Pakistan (FOB) - 2022
- Beeswax Imports in Pakistan
- Beeswax Exports in Pakistan
Beeswax Price in Pakistan (CIF) - 2022
In 2022, the average beeswax import price amounted to $2,409 per ton, declining by -26.9% against the previous year. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 61% against the previous year. The import price peaked at $4,882 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($8,623 per ton), while the price for Malaysia stood at $1,789 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%).
Beeswax Price in Pakistan (FOB) - 2022
In 2022, the average beeswax export price amounted to $1,781 per ton, surging by 2.8% against the previous year. Over the period under review, the export price, however, showed a perceptible descent. The growth pace was the most rapid in 2016 an increase of 156% against the previous year. As a result, the export price attained the peak level of $2,676 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($5,084 per ton), while the average price for exports to Kenya amounted to $1,062 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.3%), while the prices for the other major destinations experienced a decline.
Beeswax Imports in Pakistan
Beeswax imports into Pakistan fell significantly to 125 tons in 2022, with a decrease of -26.5% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 98%. As a result, imports reached the peak of 170 tons, and then dropped dramatically in the following year.
In value terms, beeswax imports contracted dramatically to $300K in 2022. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. As a result, imports reached the peak of $559K, and then contracted notably in the following year.
| Import of Beeswax in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 224 | 261 | 414 | 209 | -2.3% |
| China | 34.1 | 5.0 | 20.9 | 31.9 | -2.2% |
| Germany | 17.6 | 47.7 | 68.3 | 31.0 | 20.8% |
| Brazil | 19.6 | 25.2 | 24.4 | 11.6 | -16.0% |
| Others | 46.4 | 30.6 | 32.2 | 16.5 | -29.2% |
| Total | 342 | 369 | 559 | 300 | -4.3% |
Top Suppliers of Beeswax to Pakistan in 2022:
- Malaysia (117.0 tons)
- China (3.7 tons)
- Germany (1.2 tons)
- Brazil (1.0 tons)
Beeswax Exports in Pakistan
In 2022, shipments abroad of beeswax decreased by -20.1% to 800 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 200% against the previous year.
In value terms, beeswax exports dropped notably to $1.4K in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 124% against the previous year.
| Export of Beeswax in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 265 | 14.0 | 18.0 | 727 | 40.0% |
| Kenya | 234 | 13.0 | 17.0 | 698 | 44.0% |
| Jordan | N/A | N/A | 24.0 | N/A | 0% |
| Saudi Arabia | N/A | 1,022 | 1,570 | N/A | 53.6% |
| Others | N/A | 67.0 | 105 | N/A | 56.7% |
| Total | 499 | 1,116 | 1,734 | 1,425 | 41.9% |
Top Export Markets for Beeswax from Pakistan in 2022:
- Kenya (657.0 kg)
- United Kingdom (143.0 kg)
This report provides an in-depth analysis of the beeswax market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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