Israel: Beeswax Market Overview 2021

Beeswax Market Size in Israel

The Israeli beeswax market contracted remarkably to $X in 2019, dropping 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). Overall, consumption continues to indicate a abrupt setback. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. Beeswax consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Beeswax Exports

Exports from Israel

For the fifth year in a row, Israel recorded decline in overseas shipments of beeswax, which decreased by -X% to X tonnes in 2019. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, beeswax exports reached $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for beeswax exports from Israel, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. was relatively modest.

In value terms, the U.S. ($X) also remains the key foreign market for beeswax exports from Israel.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the export price enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum in 2019 and is likely to see gradual growth in years to come.

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

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Beeswax Imports

Imports into Israel

In 2019, purchases abroad of beeswax decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, beeswax imports shrank notably to $X in 2019. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

France (X tonnes), Germany (X tonnes) and the U.S. (X tonnes) were the main suppliers of beeswax imports to Israel, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in France, while purchases for the other leaders experienced a decline.

In value terms, the largest beeswax suppliers to Israel were France ($X), Germany ($X) and the U.S. ($X), together comprising X% of total imports.

France recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average beeswax import price stood at $X per tonne in 2019, declining by -X% against the previous year. Over the period under review, import price indicated resilient growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, beeswax import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018, and then dropped slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?

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The countries with the highest volumes of beeswax consumption in 2019 were Malaysia (35K tonnes), India (26K tonnes) and Ethiopia (5.5K tonnes), together comprising 56% of global consumption. These countries were followed by Turkey, Argentina, South Korea, the U.S., Kenya, Angola, Germany, China, Spain and Mexico, which together accounted for a further 25%.

What are the largest producers of beeswax in the world?

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The countries with the highest volumes of beeswax production in 2019 were Malaysia (35K tonnes), India (26K tonnes) and China (12K tonnes), together comprising 56% of global production. These countries were followed by Indonesia, Ethiopia, Argentina, Turkey, South Korea, Kenya and Angola, which together accounted for a further 26%.

What are the leading suppliers of beeswax to Israel?

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In value terms, the largest beeswax suppliers to Israel were France ($37K), Germany ($20K) and the U.S. ($16K), together comprising 99% of total imports.

What are the leading importers of beeswax from Israel?

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In value terms, the U.S. ($64K) remains the key foreign market for beeswax exports from Israel.

What is the average export price for beeswax in Israel?

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The average beeswax export price stood at $8,606 per tonne in 2019, picking up by 4.9% against the previous year.

What is the average import price for beeswax in Israel?

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In 2019, the average beeswax import price amounted to $7,792 per tonne, waning by -5% against the previous year.