Peru: Beeswax Market 2022

Beeswax Market Size in Peru

After two years of decline, the Peruvian beeswax market increased by X% to $X in 2021. Over the period under review, consumption recorded significant growth. Beeswax consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Beeswax Exports

Exports from Peru

In 2021, beeswax exports from Peru plummeted to X kg, shrinking by -X% compared with the previous year's figure. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2020 with an increase of X% year-to-year. As a result, the exports reached the peak of X kg, and then shrank dramatically in the following year.

In value terms, beeswax exports shrank markedly to $X in 2021. Overall, exports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% year-to-year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X kg) was the main destination for beeswax exports from Peru, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to El Salvador stood at +X%.

In value terms, El Salvador ($X) also remains the key foreign market for beeswax exports from Peru.

From 2012 to 2021, the average annual growth rate of value to El Salvador totaled +X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2021, dropping by -X% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per tonne. From 2015 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for El Salvador.

From 2012 to 2021, the rate of growth in terms of prices for El Salvador amounted to -X% per year.

Beeswax Imports

Imports into Peru

In 2021, after two years of decline, there was significant growth in supplies from abroad of beeswax, when their volume increased by X% to X tonnes. Overall, imports saw significant growth. Over the period under review, imports reached the peak figure at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, beeswax imports soared to $X in 2021. Over the period under review, imports showed a significant increase. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), Argentina (X tonnes) and France (X tonnes) were the main suppliers of beeswax imports to Peru, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (+X%), while imports for the other leaders experienced more modest paces of growth.

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

France, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 2021, the average beeswax import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform