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Australia - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Beeswax Market Overview 2021

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Beeswax Market Size in Australia

The Australian beeswax market was finally on the rise to reach $X in 2020, after two years of decline. Overall, consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2018 to 2020, the growth of the market failed to regain the momentum.

Beeswax Production in Australia

In value terms, beeswax production surged to $X in 2020 estimated in export prices. Over the period under review, the total production indicated noticeable growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. Beeswax production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

The average yield of beeswax in Australia stood at X kg per X heads in 2020, remaining stable against the previous year's figure. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, the yield reached the peak level of X kg per X heads. From 2012 to 2020, the growth of the average beeswax yield remained at a lower figure.

In 2020, number of number of animals for beeswax production in Australia shrank modestly to X heads, therefore, remained relatively stable against the previous year. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. As a result, the amount of animals produced reached the peak level of X heads. From 2014 to 2020, the growth of this number remained at a somewhat lower figure.

Beeswax Exports

Exports from Australia

In 2020, after two years of growth, there was significant decline in shipments abroad of beeswax, when their volume decreased by -X% to X tonnes. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2019, and then declined notably in the following year.

In value terms, beeswax exports dropped notably to $X in 2020. Overall, exports posted a temperate expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X tonnes), Japan (X tonnes) and the U.S. (X tonnes) were the main destinations of beeswax exports from Australia, together comprising X% of total exports. New Zealand and Fiji lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji, while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the U.S. ($X) were the largest markets for beeswax exported from Australia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Japan recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Fiji ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Australia

In 2020, overseas purchases of beeswax decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, beeswax imports shrank rapidly to $X in 2020. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) constituted the largest beeswax supplier to Australia, with a X% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) constituted the largest supplier of beeswax to Australia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the average beeswax import price amounted to $X per tonne, which is down by -X% against the previous year. In general, import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, beeswax import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. The import price peaked at $X per tonne in 2019, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?
+
India (28K tonnes) remains the largest beeswax consuming country worldwide, accounting for 29% of total volume. Moreover, beeswax consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (9.3K tonnes), threefold. The third position in this ranking was occupied by Ethiopia (5.7K tonnes), with a 5.9% share.
What are the largest producers of beeswax in the world?
+
India (26K tonnes) constituted the country with the largest volume of beeswax production, accounting for 27% of total volume. Moreover, beeswax production in India exceeded the figures recorded by the second-largest producer, China (12K tonnes), twofold. Indonesia (10K tonnes) ranked third in terms of total production with a 10% share.
What are the leading suppliers of beeswax to Australia?
+
In value terms, China ($2.2M) constituted the largest supplier of beeswax to Australia, comprising 77% of total imports. The second position in the ranking was occupied by the U.S. ($250K), with a 8.7% share of total imports. It was followed by India, with a 6.9% share.
What are the leading importers of beeswax from Australia?
+
In value terms, Japan ($1.3M), Germany ($707K) and the U.S. ($351K) were the largest markets for beeswax exported from Australia worldwide, with a combined 98% share of total exports.
What is the average export price for beeswax in Australia?
+
In 2020, the average beeswax export price amounted to $10,667 per tonne, increasing by 43% against the previous year.
What is the average import price for beeswax in Australia?
+
In 2020, the average beeswax import price amounted to $6,755 per tonne, reducing by -12.7% against the previous year.

Product coverage:
• FCL 1183 - Beeswax

This report provides an in-depth analysis of the beeswax market in Australia. 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 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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