Ireland: Beeswax Market Overview 2021

Beeswax Market Size in Ireland

The Irish beeswax market fell rapidly to $X in 2020, waning by -X% against the previous year. Overall, consumption, however, showed a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then shrank dramatically in the following year.

Beeswax Production in Ireland

In value terms, beeswax production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a dramatic shrinkage. Over the period under review, production attained the peak level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

The average yield of beeswax in Ireland stood at X kg per head in 2020, approximately reflecting the previous year's figure. In general, the yield showed a relatively flat trend pattern.

In 2020, approx. X head of producing animals were grown in Ireland; almost unchanged from 2019 figures. Overall, the number of producing animals recorded a relatively flat trend pattern.

Beeswax Exports

Exports from Ireland

In 2020, beeswax exports from Ireland skyrocketed to X kg, with an increase of X% on 2019. Overall, exports, however, showed a dramatic contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, beeswax exports soared to $X in 2020. In general, exports, however, continue to indicate a drastic downturn. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X kg) was the main destination for beeswax exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. was relatively modest.

Export Prices by Country

In 2020, the average beeswax export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to X% per year.

Beeswax Imports

Imports into Ireland

In 2020, overseas purchases of beeswax decreased by -X% to X tonnes, falling for the third consecutive year after four years of growth. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, beeswax imports plummeted to $X in 2020. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then reduced rapidly in the following year.

Imports by Country

The UK (X tonnes), the U.S. (X tonnes) and Germany (X tonnes) were the main suppliers of beeswax imports to Ireland, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, the U.S. (+X% per year) recorded the highest rates of growth with regard to 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

In 2020, the average beeswax import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2019, and then declined significantly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?

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India (28K tonnes) constituted the country with the largest volume of beeswax consumption, accounting for 29% of total volume. Moreover, beeswax consumption in India exceeded the figures recorded by the second-largest consumer, Indonesia (9.3K tonnes), threefold. Ethiopia (5.7K tonnes) ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of beeswax in the world?

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India (26K tonnes) constituted the country with the largest volume of beeswax production, accounting for 27% 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 Indonesia (10K tonnes), with a 10% share.

What are the leading suppliers of beeswax to Ireland?

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In value terms, the U.S. ($120K), the UK ($91K) and Germany ($27K) were the largest beeswax suppliers to Ireland, with a combined 97% share of total imports.

What is the average export price for beeswax in Ireland?

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In 2020, the average beeswax export price amounted to $40,162 per tonne, picking up by 437% against the previous year.

What is the average import price for beeswax in Ireland?

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In 2020, the average beeswax import price amounted to $16,394 per tonne, dropping by -16.7% against the previous year.