Denmark: Beeswax Market 2022

Beeswax Market Size in Denmark

In 2021, the Danish beeswax market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption faced a sharp shrinkage. Beeswax consumption peaked at $X in 2020, and then contracted significantly in the following year.

Beeswax Production in Denmark

In value terms, beeswax production reduced to $X in 2021 estimated in export prices. In general, production, however, recorded a slight decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Beeswax production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of beeswax in Denmark was estimated at less than X kg per head, stabilizing at the previous year's figure. In general, the yield saw a relatively flat trend pattern.

In 2021, approx. less than X head of producing animals were grown in Denmark; approximately reflecting the previous year. Overall, the number of producing animals recorded a relatively flat trend pattern.

Beeswax Exports

Exports from Denmark

After two years of decline, overseas shipments of beeswax increased by X% to X tonnes in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, beeswax exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for beeswax exports from Denmark, accounting for a X% share of total exports. Moreover, beeswax exports to Germany exceeded the volume sent to the second major destination, Sweden (X tonnes), twofold. Norway (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Norway (+X% per year).

In value terms, Germany ($X) remains the key foreign market for beeswax exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Finland (+X% per year).

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2021, shrinking by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2018 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-X%), while the prices for the other major destinations experienced a decline.

Beeswax Imports

Imports into Denmark

Beeswax imports into Denmark surged to X tonnes in 2021, rising by X% on 2020 figures. Overall, imports showed temperate growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, beeswax imports soared to $X in 2021. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Zambia (X tonnes) constituted the largest supplier of beeswax to Denmark, with a X% share of total imports. Moreover, beeswax imports from Zambia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), twofold. France (X tonnes) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Zambia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and France (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Zambia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2021, the average beeswax import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform