Romania: Beeswax Market 2022

Beeswax Market Size in Romania

In 2021, the Romanian beeswax market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Beeswax Exports

Exports from Romania

In 2021, the amount of beeswax exported from Romania dropped dramatically to X tonnes, declining by -X% against the previous year. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, the exports attained the peak of X tonnes. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, beeswax exports fell sharply to $X in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X tonnes) was the main destination for beeswax exports from Romania, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to -X%.

In value terms, Switzerland ($X) also remains the key foreign market for beeswax exports from Romania.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at -X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2021, falling by -X% against the previous year. In general, the export price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to +X% per year.

Beeswax Imports

Imports into Romania

In 2021, purchases abroad of beeswax was finally on the rise to reach X tonnes after two years of decline. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, beeswax imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X tonnes), Germany (X tonnes) and Italy (X tonnes) were the main suppliers of beeswax imports to Romania, 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 Ukraine (+X%), while imports for the other leaders experienced a decline.

In value terms, the largest beeswax suppliers to Romania were Germany ($X), Ukraine ($X) and Italy ($X), with a combined X% share of total imports.

Ukraine, with a CAGR of +X%, 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 mixed trend patterns.

Import Prices by Country

The average beeswax import price stood at $X per tonne in 2021, declining by -X% against the previous year. In general, the import price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform