U.S. - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in the United States - 2023
Contents:
- Beeswax Price in the United States (CIF) - 2022
- Beeswax Price in the United States (FOB) - 2023
- Beeswax Imports in the United States
- Beeswax Exports in the United States
Beeswax Price in the United States (CIF) - 2022
In 2022, the average beeswax import price amounted to $7,125 per ton, picking up by 8.3% against the previous year. Overall, the import price showed a modest expansion. The growth pace was the most rapid in 2013 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $8,462 per ton in 2015; however, from 2016 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 Canada ($9,951 per ton), while the price for China ($5,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Beeswax Price in the United States (FOB) - 2023
In September 2023, the average beeswax export price amounted to $5,184 per ton, jumping by 26% against the previous month. In general, export price indicated mild growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, beeswax export price increased by +52.8% against May 2023 indices. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 61% against the previous month. As a result, the export price attained the peak level of $6,370 per ton. From December 2022 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Colombia ($10,842 per ton), while the average price for exports to Venezuela ($1,200 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Imports in the United States
In 2022, the amount of beeswax imported into the United States expanded notably to 4.3K tons, increasing by 12% compared with 2021 figures. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, beeswax imports skyrocketed to $30M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Beeswax in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 5.5 | 6.0 | 8.9 | 4.5% |
| Vietnam | 4.5 | 3.8 | 5.4 | 6.1 | 10.7% |
| Tanzania | 2.5 | 3.0 | 2.3 | 3.6 | 12.9% |
| Argentina | 2.3 | 1.6 | 2.0 | 3.0 | 9.3% |
| Canada | 2.8 | 2.3 | 1.9 | 2.0 | -10.6% |
| Togo | 1.1 | 1.1 | 1.5 | 1.7 | 15.6% |
| Kenya | 1.1 | 0.6 | 1.6 | 1.5 | 10.9% |
| Others | 3.7 | 2.9 | 4.4 | 3.7 | 0.0% |
| Total | 26.0 | 20.6 | 25.0 | 30.4 | 5.3% |
Top Suppliers of Beeswax to the United States in 2022:
- China (1549.4 tons)
- Vietnam (800.6 tons)
- Tanzania (389.9 tons)
- Argentina (369.9 tons)
- Togo (251.5 tons)
- Kenya (213.7 tons)
- Canada (199.5 tons)
Beeswax Exports in the United States
In 2022, after two years of decline, there was significant growth in overseas shipments of beeswax, when their volume increased by 18% to 2.1K tons. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, beeswax exports totaled $8M in 2022. Over the period under review, exports, however, continue to indicate a noticeable reduction.
| Export of Beeswax in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,131 | 2,044 | 2,332 | 2,620 | 7.1% |
| France | 192 | 263 | 215 | 904 | 67.6% |
| Mexico | 881 | 849 | 749 | 775 | -4.2% |
| Chile | 505 | 548 | 203 | 679 | 10.4% |
| South Korea | 694 | 1,260 | 869 | 466 | -12.4% |
| Germany | 1,530 | 1,891 | 1,211 | 451 | -33.4% |
| Singapore | 102 | N/A | 354 | 448 | 63.8% |
| Colombia | 127 | 94.9 | 261 | 286 | 31.1% |
| China | 309 | 467 | 294 | 180 | -16.5% |
| Taiwan (Chinese) | 106 | 75.5 | 8.5 | 84.9 | -7.1% |
| Netherlands | 686 | 235 | 155 | 46.3 | -59.3% |
| Others | 1,722 | 1,096 | 1,143 | 1,065 | -14.8% |
| Total | 8,987 | 8,823 | 7,794 | 8,005 | -3.8% |
Top Export Markets for Beeswax from the United States in 2022:
- Canada (612.5 tons)
- Chile (316.2 tons)
- France (285.0 tons)
- Mexico (153.5 tons)
- South Korea (145.9 tons)
- Germany (105.3 tons)
- Colombia (64.9 tons)
- Singapore (57.2 tons)
- China (54.3 tons)
- Taiwan (Chinese) (40.5 tons)
- Netherlands (14.7 tons)
This report provides an in-depth analysis of the beeswax market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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