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

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Beeswax Market Size in Singapore

For the fifth consecutive year, the Singaporean beeswax market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, consumption enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in years to come.

Beeswax Production in Singapore

In value terms, beeswax production expanded rapidly to $X in 2019 estimated in export prices. Overall, production continues to indicate modest growth. Beeswax production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

The average yield of beeswax in Singapore was estimated at X kg per head in 2019, approximately equating 2018. In general, the yield recorded a relatively flat trend pattern.

In 2019, the amount of producing animals in Singapore totaled X head, approximately mirroring 2018 figures. In general, the number of producing animals saw a relatively flat trend pattern.

Beeswax Exports

Exports from Singapore

In 2019, approx. X tonnes of beeswax were exported from Singapore; almost unchanged from 2018. Overall, exports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, beeswax exports dropped slightly to $X in 2019. Over the period under review, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

France (X kg), Thailand (X kg) and Indonesia (X kg) were the main destinations of beeswax exports from Singapore, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), France ($X) and Thailand ($X) constituted the largest markets for beeswax exported from Singapore worldwide, together accounting for X% of total exports.

Among the main countries of destination, Indonesia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2009; however, from 2010 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major foreign markets. In 2019, the countries with the highest prices were Indonesia ($X per tonne) and the Philippines ($X per tonne), while the average price for exports to Malaysia ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Beeswax Imports

Imports into Singapore

In 2019, overseas purchases of beeswax decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, beeswax imports fell to $X in 2019. In general, imports recorded a perceptible setback. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X kg), Australia (X kg) and the U.S. (X kg) were the main suppliers of beeswax imports to Singapore, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Australia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the U.S. ($X) and France ($X) were the largest beeswax suppliers to Singapore, with a combined X% share of total imports. Australia, Malaysia, Thailand and China lagged somewhat behind, together comprising a further X the main suppliers, Australia (+X% per year) recorded the highest rates of growth with regard to the value of imports, 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, increasing by X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure in 2019 and is likely to continue growth in the near future.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, 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?
+
The countries with the highest volumes of beeswax consumption in 2019 were Malaysia (35K tonnes), India (26K tonnes) and Ethiopia (5.5K tonnes), together comprising 56% 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?
+
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 Singapore?
+
In value terms, Brazil ($2.1K), the U.S. ($2K) and France ($1.9K) appeared to be the largest beeswax suppliers to Singapore, with a combined 45% share of total imports. Australia, Malaysia, Thailand and China lagged somewhat behind, together accounting for a further 29%.
What are the leading importers of beeswax from Singapore?
+
In value terms, Indonesia ($1.7K), France ($1.6K) and Thailand ($1.5K) were the largest markets for beeswax exported from Singapore worldwide, together comprising 70% of total exports.
What is the average export price for beeswax in Singapore?
+
In 2019, the average beeswax export price amounted to $4,400 per tonne, declining by -5.1% against the previous year.
What is the average import price for beeswax in Singapore?
+
The average beeswax import price stood at $10,258 per tonne in 2019, surging by 5.4% against the previous year.

Product coverage:
• FCL 1183 - Beeswax

This report provides an in-depth analysis of the beeswax market in Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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