Canada: Beeswax Market 2022

Beeswax Market Size in Canada

The Canadian beeswax market skyrocketed to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed significant growth. Beeswax consumption peaked at $X in 2015; afterwards, it flattened through to 2021.

Beeswax Exports

Exports from Canada

Beeswax exports from Canada contracted sharply to X tonnes in 2021, with a decrease of -X% against the previous year's figure. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, beeswax exports dropped dramatically to $X in 2021. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tonnes) was the main destination for beeswax exports from Canada, accounting for a X% share of total exports. It was followed by Israel (X tonnes), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -X%.

In value terms, the United States ($X) remains the key foreign market for beeswax exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Israel ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 when the average export price increased by X% y-o-y. Over the period under review, the average export prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per tonne), while the average price for exports to Israel stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).

Beeswax Imports

Imports into Canada

In 2021, purchases abroad of beeswax was finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2016 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, beeswax imports stood at $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tonnes) was the main supplier of beeswax to Canada, accounting for a X% share of total imports. Moreover, beeswax imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and India (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of beeswax to Canada, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2021, the average beeswax import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2020, and then fell in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform