MERCOSUR: Beeswax Market 2024

Beeswax Market Size in MERCOSUR

The MERCOSUR beeswax market fell to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Beeswax Production in MERCOSUR

In value terms, beeswax production shrank to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Argentina (X tons) constituted the country with the largest volume of beeswax production, accounting for X% of total volume. Moreover, beeswax production in Argentina exceeded the figures recorded by the second-largest producer, Brazil (X tons), threefold. The third position in this ranking was taken by Uruguay (X tons), with a X% share.

In Argentina, beeswax production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Uruguay (X% per year).

Beeswax Exports

Exports in MERCOSUR

Beeswax exports fell rapidly to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, beeswax exports fell notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

In 2022, Argentina (X tons) was the major exporter of beeswax, making up X% of total exports. It was distantly followed by Brazil (X tons), making up an X% share of total exports. The following exporters - Uruguay (X tons), Chile (X tons) and Ecuador (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to beeswax exports from Argentina stood at X%. At the same time, Uruguay (X%), Ecuador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest beeswax supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Beeswax Imports

Imports in MERCOSUR

In 2022, the amount of beeswax imported in MERCOSUR dropped markedly to X tons, falling by X% against 2021. Over the period under review, imports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, beeswax imports fell significantly to $X in 2022. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Colombia represented the key importer of beeswax in MERCOSUR, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Ecuador (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Brazil (X%) and Guyana (X%). Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to beeswax imports into Colombia stood at X%. At the same time, Peru (X%), Ecuador (X%) and Guyana (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Ecuador, Peru and Guyana increased by X, X, X and X percentage points, respectively.

In value terms, Colombia ($X) constitutes the largest market for imported beeswax in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Colombia, beeswax imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price showed a deep setback. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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