China: Beeswax Market 2024

Beeswax Market Size in China

The Chinese beeswax market shrank sharply to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Beeswax Production in China

In value terms, beeswax production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Beeswax Exports

Exports from China

In 2022, approx. X tons of beeswax were exported from China; surging by X% on 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, beeswax exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and France (X tons) were the main destinations of beeswax exports from China, with a combined X% share of total exports. The Netherlands, Greece, Serbia, Spain, Italy, the UK, Australia, Algeria and Albania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beeswax exported from China were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total exports. The Netherlands, Australia, the UK, Italy, Greece, Spain, Serbia, Algeria and Albania lagged somewhat behind, together accounting for a further X%.

Albania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average beeswax export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into China

After four years of growth, purchases abroad of beeswax decreased by X% to X tons in 2022. Over the period under review, imports, however, saw perceptible growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, beeswax imports reduced sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main suppliers of beeswax imports to China, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) constituted the largest beeswax suppliers to China, together accounting for X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained 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 Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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