Peru: Beeswax Market Overview 2021

Beeswax Market Size in Peru

In 2019, the Peruvian beeswax market decreased by -X% to $X for the first time since 2012, thus ending a six-year rising trend. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Beeswax Exports

Exports from Peru

In 2019, the amount of beeswax exported from Peru surged to X kg, growing by X% against 2018 figures. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Exports peaked at X kg in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, beeswax exports contracted to $X in 2019. In general, exports showed a pronounced expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Bolivia (X kg), Canada (X kg) and El Salvador (X kg) were the main destinations of beeswax exports from Peru, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in El Salvador, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for beeswax exported from Peru were Canada ($X), El Salvador ($X) and Bolivia ($X recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2019, declining by -X% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Bolivia ($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 Canada, while the prices for the other major destinations experienced a decline.

Beeswax Imports

Imports into Peru

In 2019, purchases abroad of beeswax decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. Over the period under review, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, beeswax imports contracted significantly to $X in 2019. In general, imports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

Argentina (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main suppliers of beeswax imports to Peru, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

Spain (+X% per year) saw 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, declining by -X% against the previous year. Over the period under review, import price indicated a strong expansion 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. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then dropped in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., 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), with a combined 56% share 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 Peru?

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In value terms, the largest beeswax suppliers to Peru were Germany ($26K), Spain ($23K) and the U.S. ($9.8K), with a combined 75% share of total imports.

What are the leading importers of beeswax from Peru?

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In value terms, Canada ($225), El Salvador ($129) and Bolivia ($101) were the largest markets for beeswax exported from Peru worldwide.

What is the average export price for beeswax in Peru?

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In 2019, the average beeswax export price amounted to $9,974 per tonne, declining by -26.2% against the previous year.

What is the average import price for beeswax in Peru?

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In 2019, the average beeswax import price amounted to $10,333 per tonne, which is down by -13.3% against the previous year.