Report Singapore - Beeswax - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 20, 2022

Singapore - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Beeswax Market 2022

Beeswax Market Size in Singapore

In 2021, after four years of growth, there was significant decline in the Singaporean beeswax market, when its value decreased by -X% to $X. In general, consumption, however, showed a strong increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted sharply in the following year.

Beeswax Exports

Exports from Singapore

Beeswax exports from Singapore surged to X tonnes in 2021, with an increase of X% against 2020 figures. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. The exports peaked at X tonnes in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, beeswax exports soared to $X in 2021. Overall, exports saw a slight shrinkage. The growth pace was the most rapid in 2019 when exports increased by X% y-o-y. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for beeswax exports from Singapore, accounting for a X% share of total exports. Moreover, beeswax exports to Malaysia exceeded the volume sent to the second major destination, the Philippines (X tonnes), threefold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +X%.

In value terms, Malaysia ($X) remains the key foreign market for beeswax exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled +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 saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% y-o-y. 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.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($X per tonne), while the average price for exports to the Philippines totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-X%).

Beeswax Imports

Imports into Singapore

After two years of growth, supplies from abroad of beeswax decreased by -X% to X tonnes in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes, and then dropped in the following year.

In value terms, beeswax imports declined to $X in 2021. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Thailand (X tonnes) constituted the largest supplier of beeswax to Singapore, accounting for a X% share of total imports. Moreover, beeswax imports from Thailand exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), threefold. The United States (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the United States (+X% per year).

In value terms, Thailand ($X), Malaysia ($X) and the United States ($X) appeared to be the largest beeswax suppliers to Singapore, with a combined X% share of total imports.

The United States, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average beeswax import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

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 2021 were India, Benin and France, together accounting for 44% of global consumption.
What are the largest producers of beeswax in the world?
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The countries with the highest volumes of beeswax production in 2021 were India, China and Ethiopia, with a combined 51% share of global production. These countries were followed by Argentina, Turkey, South Korea, Indonesia, Kenya, Angola, Tanzania, Brazil, the United States and Spain, which together accounted for a further 31%.
What are the leading suppliers of beeswax to Singapore?
+
In value terms, the largest beeswax suppliers to Singapore were Thailand, Malaysia and the United States, together accounting for 75% of total imports.
What are the leading importers of beeswax from Singapore?
+
In value terms, Malaysia remains the key foreign market for beeswax exports from Singapore, comprising 95% of total exports. The second position in the ranking was occupied by the Philippines $577), with a 4.6% share of total exports.
What is the average export price for beeswax in Singapore?
+
In 2021, the average beeswax export price amounted to $3,107 per tonne, falling by -6% against the previous year.
What is the average import price for beeswax in Singapore?
+
The average beeswax import price stood at $9,320 per tonne in 2021, surging by 3.3% against the previous year.

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 2030.


Product coverage:
• FCL 1183 - Beeswax
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

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 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
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, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Producing Animals Slaughtered, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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