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

Beeswax Market Size in Finland

The Finnish beeswax market soared to $X in 2020, increasing by 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). Over the period under review, consumption, however, posted a mild increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Beeswax Exports

Exports from Finland

In 2020, the amount of beeswax exported from Finland soared to X tonnes, picking up by X% on 2019. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, beeswax exports surged to $X in 2020. In general, exports posted a prominent increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X kg) was the main destination for beeswax exports from Finland, accounting for a X% share of total exports. Moreover, beeswax exports to Latvia exceeded the volume sent to the second major destination, Estonia (X kg), sixfold. The third position in this ranking was occupied by the U.S. (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Latvia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Latvia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Estonia (+X% per year).

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to China ($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 the U.S. (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Finland

In 2020, the amount of beeswax imported into Finland surged to X tonnes, rising by X% compared with the previous year. Over the period under review, imports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, beeswax imports soared to $X in 2020. In general, imports, however, saw a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Germany (X tonnes) was the main beeswax supplier to Finland, with a X% share of total imports. It was followed by France (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany stood at +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to +X%.

Import Prices by Country

In 2020, the average beeswax import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, import price indicated buoyant 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. The pace of growth was the most pronounced in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?
+
The country with the largest volume of beeswax consumption was India (28K tonnes), comprising approx. 29% of total volume. Moreover, beeswax consumption in India exceeded the figures recorded by the second-largest consumer, Malaysia (9.4K tonnes), threefold. The third position in this ranking was occupied by Ethiopia (5.7K tonnes), with a 5.8% 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 28% of total volume. Moreover, beeswax production in India exceeded the figures recorded by the second-largest producer, China (12K tonnes), twofold. The third position in this ranking was occupied by Malaysia (9.4K tonnes), with a 9.8% share.
What are the leading suppliers of beeswax to Finland?
+
In value terms, Germany ($517K) constituted the largest supplier of beeswax to Finland, comprising 84% of total imports. The second position in the ranking was occupied by France ($49K), with a 8% share of total imports.
What are the leading importers of beeswax from Finland?
+
In value terms, Latvia ($10K) remains the key foreign market for beeswax exports from Finland, comprising 59% of total exports. The second position in the ranking was occupied by the U.S. ($2.9K), with a 17% share of total exports. It was followed by Estonia, with a 8% share.
What is the average export price for beeswax in Finland?
+
The average beeswax export price stood at $15,454 per tonne in 2020, with an increase of 16% against the previous year.
What is the average import price for beeswax in Finland?
+
The average beeswax import price stood at $10,277 per tonne in 2020, growing by 14% against the previous year.

Product coverage:
• FCL 1183 - Beeswax

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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

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 2030
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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