Ireland: Beeswax Market 2022

Beeswax Market Size in Ireland

The Irish beeswax market surged to $X in 2021, jumping by X% against the previous year. In general, consumption showed significant growth. Beeswax consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Beeswax Production in Ireland

In value terms, beeswax production contracted to $X in 2021 estimated in export prices. Overall, production, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

In 2021, the average yield of beeswax in Ireland was estimated at less than X kg per head, almost unchanged from the year before. In general, the yield continues to indicate a relatively flat trend pattern.

In 2021, number of number of animals for beeswax production in Ireland totaled less than X head, remaining relatively unchanged against the year before. Overall, the number of producing animals continues to indicate a relatively flat trend pattern.

Beeswax Exports

Exports from Ireland

In 2021, after two years of decline, there was significant growth in overseas shipments of beeswax, when their volume increased by X% to X tonnes. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, beeswax exports shrank remarkably to $X in 2021. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tonnes) was the main destination for beeswax exports from Ireland, accounting for a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and the UK (-X% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2021, the average beeswax export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per tonne, and then shrank sharply in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per tonne), while the average price for exports to Italy ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Beeswax Imports

Imports into Ireland

Beeswax imports into Ireland amounted to X tonnes in 2021, surging by X% against the previous year's figure. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% y-o-y. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, beeswax imports soared to $X in 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tonnes) constituted the largest beeswax supplier to Ireland, accounting for a X% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), twofold. Japan (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Japan (+X% per year).

In value terms, the largest beeswax suppliers to Ireland were Japan ($X), China ($X) and the UK ($X), with a combined X% share of total imports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average beeswax import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2021, import prices remained at a 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 ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform