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Northern America - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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Northern America: Beeswax Market Overview 2021

Beeswax Market Size in Northern America

The North American beeswax market fell remarkably to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Beeswax Production in Northern America

In value terms, beeswax production expanded modestly to $X in 2020 estimated in export prices. In general, production continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2009; however, from 2010 to 2020, production stood at a somewhat lower figure.

The U.S. (X tonnes) remains the largest beeswax producing country in Northern America, accounting for X% of total volume.

In the U.S., beeswax production remained relatively stable over the period from 2007-2020.

Production By Country in Northern America

The country with the largest volume of beeswax production was the U.S. (X tonnes), comprising approx. X% of total volume.

In the U.S., beeswax production remained relatively stable over the period from 2007-2020.

Beeswax Exports

Exports in Northern America

In 2020, shipments abroad of beeswax decreased by -X% to X tonnes, falling for the third year in a row after eight years of growth. In general, exports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, beeswax exports dropped to $X in 2020. Overall, exports, however, recorded tangible growth. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, the U.S. (X tonnes) represented the largest exporter of beeswax, committing X% of total exports. It was distantly followed by Canada (X tonnes), making up a X% share of total exports.

The U.S. was also the fastest-growing in terms of the beeswax exports, with a CAGR of +X% from 2007 to 2020. Canada (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) remains the largest beeswax supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in the U.S. amounted to +X%.

Export Prices by Country

The beeswax export price in Northern America stood at $X per tonne in 2020, remaining constant against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne, leveling off in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Beeswax Imports

Imports in Northern America

In 2020, purchases abroad of beeswax decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, beeswax imports shrank dramatically to $X in 2020. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the major importer of beeswax, committing X% of total imports. It was distantly followed by Canada (X tonnes), making up a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to beeswax imports into the U.S. stood at +X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported beeswax in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. totaled +X%.

Import Prices by Country

The beeswax import price in Northern America stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. Import price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, beeswax import price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the import price increased by X% y-o-y. Over the period under review, import prices attained the maximum at $X per tonne in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Canada totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in Northern America?
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The U.S. (2.6K tonnes) constituted the country with the largest volume of beeswax consumption, comprising approx. 92% of total volume. Moreover, beeswax consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (227 tonnes), more than tenfold.
What are the largest producers of beeswax in Northern America?
+
The U.S. (1.6K tonnes) remains the largest beeswax producing country in Northern America, comprising approx. 100% of total volume.
What are the leading suppliers of beeswax in Northern America?
+
In value terms, the U.S. ($8.8M) remains the largest beeswax supplier in Northern America, comprising 79% of total exports. The second position in the ranking was occupied by Canada ($2.4M), with a 21% share of total exports.
What are the leading importers of beeswax in Northern America?
+
In value terms, the U.S. ($21M) constitutes the largest market for imported beeswax in Northern America, comprising 89% of total imports. The second position in the ranking was occupied by Canada ($2.6M), with a 11% share of total imports.
What is the average export price for beeswax in Northern America?
+
The beeswax export price in Northern America stood at $4,933 per tonne in 2020, remaining stable against the previous year.
What is the average import price for beeswax in Northern America?
+
In 2020, the beeswax import price in Northern America amounted to $6,711 per tonne, leveling off at the previous year.

Product coverage:
• FCL 1183 - Beeswax

This report provides an in-depth analysis of the beeswax market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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