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

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Beeswax Market Size in Ecuador

In 2019, the Ecuadorian beeswax market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2010 to 2019, the growth of the market remained at a somewhat lower figure.

Beeswax Production in Ecuador

In value terms, beeswax production totaled $X in 2019 estimated in export prices. Overall, production showed a slight reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2010 to 2019, production growth remained at a somewhat lower figure.

The average yield of beeswax in Ecuador stood at X kg per X heads in 2019, standing approx. at the year before. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, the yield attained the peak level of X kg per X heads; afterwards, it flattened through to 2019.

In 2019, approx. X heads of producing animals were grown in Ecuador; almost unchanged from the previous year. In general, the number of producing animals showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. The number of animals for beeswax production peaked in 2019 and is expected to retain growth in the near future.

Beeswax Exports

Exports from Ecuador

Beeswax exports from Ecuador expanded markedly to X tonnes in 2019, surging by X% against the previous year's figure. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, beeswax exports rose notably to $X in 2019. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

Exports by Country

Saudi Arabia (X tonnes) and Indonesia (X kg) were the main destinations of beeswax exports from Ecuador.

From 2007 to 2019, the biggest increases were in Indonesia.

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

From 2007 to 2019, the average annual growth rate of value to Saudi Arabia stood at +X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2019, approximately reflecting the previous year. Over the period under review, the export price posted a strong increase. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure in 2019 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to Indonesia amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia.

Beeswax Imports

Imports into Ecuador

In 2019, approx. X tonnes of beeswax were imported into Ecuador; jumping by X% on 2018 figures. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, beeswax imports soared to $X in 2019. Overall, imports continue to indicate a pronounced decline. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) was the main beeswax supplier to Ecuador, accounting for a X% share of total imports. It was followed by Italy (X kg), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2019, the average beeswax import price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for China stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?
+
The countries with the highest volumes of beeswax consumption in 2019 were Malaysia (35K tonnes), India (26K tonnes) and Indonesia (6.5K tonnes), together comprising 54% of global consumption.
What are the largest producers of beeswax in the world?
+
The countries with the highest volumes of beeswax production in 2019 were Malaysia (35K tonnes), India (26K tonnes) and China (12K tonnes), together accounting for 56% of global production. These countries were followed by Indonesia, Ethiopia, Argentina, Turkey, South Korea, Kenya and Angola, which together accounted for a further 26%.
What are the leading suppliers of beeswax to Ecuador?
+
In value terms, China ($57K) constituted the largest supplier of beeswax to Ecuador, comprising 78% of total imports. The second position in the ranking was occupied by Italy ($10K), with a 14% share of total imports.
What are the leading importers of beeswax from Ecuador?
+
In value terms, Saudi Arabia ($6.7K) remains the key foreign market for beeswax exports from Ecuador, comprising 82% of total exports. The second position in the ranking was occupied by Indonesia ($1.5K), with a 18% share of total exports.
What is the average export price for beeswax in Ecuador?
+
The average beeswax export price stood at $4,498 per tonne in 2019, leveling off at the previous year.
What is the average import price for beeswax in Ecuador?
+
The average beeswax import price stood at $2,928 per tonne in 2019, waning by -17.6% against the previous year.

Product coverage:
• FCL 1183 - Beeswax

This report provides an in-depth analysis of the beeswax market in Ecuador. 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:
• Ecuador

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ecuador
• 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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