Tanzania - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Tanzania - 2022
Contents:
- Beeswax Price in Tanzania (FOB) - 2022
- Beeswax Price in Tanzania (CIF) - 2022
- Beeswax Exports in Tanzania
- Beeswax Imports in Tanzania
Beeswax Price in Tanzania (FOB) - 2022
The average beeswax export price stood at $8,361 per ton in 2022, rising by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. The export price peaked at $8,667 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($9,110 per ton) and Japan ($7,446 per ton), while the average price for exports to Democratic Republic of the Congo ($7,250 per ton) and China ($7,300 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Price in Tanzania (CIF) - 2022
In 2022, the average beeswax import price amounted to $3,262 per ton, with an increase of 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 154% against the previous year. The import price peaked at $7,698 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 China ($4,219 per ton), while the price for India ($2,700 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced a decline.
Beeswax Exports in Tanzania
Beeswax exports from Tanzania expanded to 539 tons in 2022, rising by 4.7% compared with the previous year's figure. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, beeswax exports rose significantly to $4.5M in 2022. Over the period under review, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
| Export of Beeswax in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.3 | 1.4 | 2.9 | 2.8 | -5.3% |
| Japan | 0.9 | 0.5 | 0.6 | 0.9 | 0.0% |
| Germany | 0.5 | 0.9 | N/A | 0.6 | 6.3% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 0.1 | 0% |
| China | N/A | 0.4 | 0.6 | 0.1 | -50.0% |
| Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Total | 4.9 | 3.4 | 4.1 | 4.5 | -2.8% |
Top Export Markets for Beeswax from Tanzania in 2022:
- United States (306.0 tons)
- Japan (115.0 tons)
- Germany (80.0 tons)
- China (20.0 tons)
- Democratic Republic of the Congo (18.0 tons)
Beeswax Imports in Tanzania
Beeswax imports into Tanzania shrank dramatically to 3.2 tons in 2022, with a decrease of -33.5% against 2021 figures. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 571% against the previous year. As a result, imports attained the peak of 4.9 tons, and then fell rapidly in the following year.
In value terms, beeswax imports fell rapidly to $11K in 2022. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 614% against the previous year. As a result, imports attained the peak of $14K, and then shrank markedly in the following year.
| Import of Beeswax in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.0 | 2.0 | 6.1 | 5.8 | 13.2% |
| United Arab Emirates | N/A | N/A | N/A | 4.0 | 0% |
| South Africa | 7.4 | N/A | N/A | 0.2 | -70.0% |
| China | N/A | N/A | 6.9 | 0.1 | -98.6% |
| Burundi | N/A | N/A | 1.2 | N/A | 0% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | 11.4 | 2.0 | 14.2 | 10.6 | -2.4% |
Top Suppliers of Beeswax to Tanzania in 2022:
- India (2149.0 kg)
- United Arab Emirates (1000.0 kg)
- China (32.0 kg)
- South Africa (20.0 kg)
This report provides an in-depth analysis of the beeswax market in Tanzania. 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:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- 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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