Japan: Beeswax Market Overview 2021

Beeswax Market Size in Japan

After two years of growth, the Japanese beeswax market decreased by -X% to $X in 2019. Over the period under review, the total consumption indicated a pronounced expansion from 2007 to 2019: its value decreased 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. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2018, and then shrank dramatically in the following year.

Beeswax Exports

Exports from Japan

In 2019, overseas shipments of beeswax increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, beeswax exports stood at $X in 2019. Overall, total exports indicated a pronounced increase from 2007 to 2019: its value decreased 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, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

The Philippines (X tonnes), Taiwan (Chinese) (X tonnes) and Viet Nam (X tonnes) were the main destinations of beeswax exports from Japan, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beeswax exported from Japan were the Philippines ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total exports.

The Philippines (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Japan

In 2019, 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 relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2018, and then dropped markedly in the following year.

In value terms, beeswax imports fell dramatically to $X in 2019. In general, total imports indicated a moderate increase from 2007 to 2019: its value decreased 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. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then fell rapidly in the following year.

Imports by Country

Tanzania (X tonnes), Argentina (X tonnes) and Thailand (X tonnes) were the main suppliers of beeswax imports to Japan, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Thailand (+X% per year), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X), Australia ($X) and Viet Nam ($X) appeared to be the largest beeswax suppliers to Japan, with a combined X% share of total imports. These countries were followed by Argentina, Thailand, Ethiopia and China, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers 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 2019, reducing by -X% against the previous year. Overall, import price indicated buoyant growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, beeswax import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Australia ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, 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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The countries with the highest volumes of beeswax consumption in 2019 were Malaysia (35K tonnes), India (26K tonnes) and Ethiopia (5.5K tonnes), with a combined 56% share of global consumption. Turkey, Argentina, South Korea, the U.S., Kenya, Angola, Germany, China, Spain and Mexico lagged somewhat behind, together accounting 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), with a combined 56% share 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 Japan?

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In value terms, Tanzania ($1M), Australia ($1M) and Viet Nam ($935K) appeared to be the largest beeswax suppliers to Japan, with a combined 46% share of total imports. These countries were followed by Argentina, Thailand, Ethiopia and China, which together accounted for a further 39%.

What are the leading importers of beeswax from Japan?

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In value terms, the largest markets for beeswax exported from Japan were the Philippines ($359K), Taiwan (Chinese) ($304K) and South Korea ($289K), with a combined 49% share of total exports.

What is the average export price for beeswax in Japan?

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In 2019, the average beeswax export price amounted to $15,936 per tonne, dropping by -5.7% against the previous year.

What is the average import price for beeswax in Japan?

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The average beeswax import price stood at $9,087 per tonne in 2019, reducing by -1.8% against the previous year.