Ireland: Beeswax Market Overview 2020

Beeswax Market Size in Ireland

The revenue of the beeswax market in Ireland amounted to $X in 2018, remaining relatively unchanged against the previous year. Over the period under review, beeswax consumption, however, continues to indicate an extraordinary increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Beeswax consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Beeswax Production in Ireland

In value terms, beeswax production totaled $X in 2018 estimated in export prices. Overall, beeswax production continues to indicate a sharp shrinkage. Over the period under review, beeswax production reached its peak figure level at $X in 2010; however, from 2011 to 2018, production stood at a somewhat lower figure.

Beeswax Exports

Exports from Ireland

In 2018, the beeswax exports from Ireland amounted to X tonnes, going up by X% against the previous year. Over the period under review, beeswax exports, however, continue to indicate a temperate setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. In that year, beeswax exports reached their peak of X tonnes. From 2011 to 2018, the growth of beeswax exports failed to regain its momentum.

In value terms, beeswax exports totaled $X in 2018. Over the period under review, beeswax exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. In that year, beeswax exports attained their peak of $X. From 2011 to 2018, the growth of beeswax exports remained at a lower figure.

Exports by Country

France (X tonnes) was the main destination for beeswax exports from Ireland, accounting for a X% share of total exports. Moreover, beeswax exports to France exceeded the volume sent to the second major destination, the Netherlands (X kg), eightfold. The U.S. (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and the U.S. (-X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2018, the average beeswax export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the beeswax export price continues to indicate an abrupt decrease. The growth pace was the most rapid in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Beeswax Imports

Imports into Ireland

In 2018, approx. X tonnes of beeswax were imported into Ireland; going down by -X% against the previous year. Over the period under review, beeswax imports, however, continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, beeswax imports amounted to $X in 2018. Overall, beeswax imports, however, continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, beeswax imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

France (X tonnes), the UK (X tonnes) and Germany (X tonnes) were the main suppliers of beeswax imports to Ireland, together accounting for X% of total imports. These countries were followed by China, Japan and the Netherlands, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Japan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Germany ($X) appeared to be the largest beeswax suppliers to Ireland, with a combined X% share of total imports. These countries were followed by Japan, China and the Netherlands, which together accounted for a further X terms of the main suppliers, Japan (+X% per year) recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average beeswax import price amounted to $X per tonne, growing by X% against the previous year. Overall, the beeswax import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. In that year, the average import prices for beeswax attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average import prices for beeswax remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform