Indonesia: Beeswax Market 2022

Beeswax Market Size in Indonesia

The Indonesian beeswax market was estimated at $less than X in 2020, approximately mirroring the previous year. In general, consumption saw a relatively flat trend pattern.

Beeswax Production in Indonesia

In value terms, beeswax production surged to $X in 2021 estimated in export prices. In general, production enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

The average yield of beeswax in Indonesia totaled less than X kg per head in 2021, approximately equating 2020 figures. In general, the yield recorded a relatively flat trend pattern.

In 2021, the amount of producing animals in Indonesia stood at less than X head, therefore, remained relatively stable against the previous year. Over the period under review, the number of producing animals showed a relatively flat trend pattern.

Beeswax Exports

Exports from Indonesia

In 2021, after two years of decline, there was significant growth in shipments abroad of beeswax, when their volume increased by X% to X tonnes. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, the exports attained the peak of X tonnes. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, beeswax exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tonnes) was the main destination for beeswax exports from Indonesia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India stood at +X%.

In value terms, India ($X) also remains the key foreign market for beeswax exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2021, falling by -X% against the previous year. In general, the export price showed a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by X% y-o-y. As a result, the export price attained the peak level of $X per tonne. From 2017 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -X% per year.

Beeswax Imports

Imports into Indonesia

In 2021, after two years of growth, there was significant decline in supplies from abroad of beeswax, when their volume decreased by -X% to X tonnes. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, beeswax imports shrank slightly to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

The United States (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main suppliers of beeswax imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beeswax suppliers to Indonesia were Germany ($X), the Netherlands ($X) and Egypt ($X), together accounting for X% of total imports. The United States, India, the UK and Japan lagged somewhat behind, together comprising a further X the main suppliers, the United States, 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 tonne in 2021, growing by X% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform