Netherlands: Beeswax Market Overview 2021

Beeswax Market Size in the Netherlands

The Dutch beeswax market fell dramatically to $X in 2019, waning 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). Over the period under review, consumption recorded a abrupt descent. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Beeswax Exports

Exports from the Netherlands

In 2019, the amount of beeswax exported from the Netherlands was estimated at X tonnes, with an increase of X% against 2018 figures. In general, exports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

In value terms, beeswax exports expanded sharply to $X in 2019. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

South Korea (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main destinations of beeswax exports from the Netherlands, with a combined X% share of total exports. France, Italy, the UK, South Africa, Switzerland, Austria, Romania, Viet Nam and Belgium lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beeswax exported from the Netherlands were Italy ($X), France ($X) and South Korea ($X), together comprising X% of total exports. Germany, the UK, Spain, Austria, Switzerland, Romania, South Africa, Belgium and Viet Nam lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2019, the average beeswax export price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($X per tonne), while the average price for exports to South Korea ($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 Austria, while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into the Netherlands

In 2019, supplies from abroad of beeswax decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, beeswax imports declined rapidly to $X in 2019. Overall, imports saw a noticeable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of beeswax to the Netherlands, with a X% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Belgium (+X% per year).

In value terms, China ($X), Belgium ($X) and Germany ($X) appeared to be the largest beeswax suppliers to the Netherlands, with a combined X% share of total imports.

Belgium recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average beeswax import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price, however, recorded notable growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, 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), together accounting for 56% 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 the Netherlands?

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In value terms, the largest beeswax suppliers to the Netherlands were China ($2.3M), Belgium ($1.6M) and Germany ($1.1M), with a combined 83% share of total imports.

What are the leading importers of beeswax from the Netherlands?

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In value terms, the largest markets for beeswax exported from the Netherlands were Italy ($1M), France ($861K) and South Korea ($848K), with a combined 41% share of total exports. Germany, the UK, Spain, Austria, Switzerland, Romania, South Africa, Belgium and Viet Nam lagged somewhat behind, together accounting for a further 50%.

What is the average export price for beeswax in the Netherlands?

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The average beeswax export price stood at $7,911 per tonne in 2019, surging by 2.6% against the previous year.

What is the average import price for beeswax in the Netherlands?

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The average beeswax import price stood at $6,988 per tonne in 2019, with a decrease of -7.8% against the previous year.