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

Beeswax Market Size in Singapore

In 2020, the Singaporean beeswax market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Beeswax consumption peaked in 2020 and is likely to continue growth in the near future.

Beeswax Exports

Exports from Singapore

For the third consecutive year, Singapore recorded decline in shipments abroad of beeswax, which decreased by -X% to X tonnes in 2020. In general, exports recorded a mild reduction. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, beeswax exports surged to $X in 2020. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X kg) 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, India (X kg), sixfold. Hong Kong SAR (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malaysia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Hong Kong SAR (+X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for beeswax exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2020, the average beeswax export price amounted to $X per tonne, rising by X% against the previous year. In general, the export price enjoyed a slight expansion. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to Thailand ($X per tonne) and Viet Nam ($X per tonne), while the average price for exports to Brunei Darussalam ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Singapore

In 2020, approx. X tonnes of beeswax were imported into Singapore; jumping by X% on 2019 figures. Overall, imports showed prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, beeswax imports surged to $X in 2020. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, the UK (X tonnes) constituted the largest beeswax supplier to Singapore, with a X% share of total imports. Moreover, beeswax imports from the UK exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), sixfold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of beeswax to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average beeswax import price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, beeswax import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2019, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from the U.S. ($X per tonne) and Malaysia ($X per tonne), while the price for Australia ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in the world?
+
India (28K tonnes) constituted the country with the largest volume of beeswax consumption, comprising approx. 29% of total volume. Moreover, beeswax consumption in India exceeded the figures recorded by the second-largest consumer, Malaysia (9.4K tonnes), threefold. The third position in this ranking was occupied by Ethiopia (5.7K tonnes), with a 5.8% share.
What are the largest producers of beeswax in the world?
+
India (26K tonnes) constituted the country with the largest volume of beeswax production, accounting for 28% of total volume. Moreover, beeswax production in India exceeded the figures recorded by the second-largest producer, China (12K tonnes), twofold. Malaysia (9.4K tonnes) ranked third in terms of total production with a 9.8% share.
What are the leading suppliers of beeswax to Singapore?
+
In value terms, the UK ($102K) constituted the largest supplier of beeswax to Singapore, comprising 68% of total imports. The second position in the ranking was occupied by Thailand ($18K), with a 12% share of total imports. It was followed by Malaysia, with a 8.6% share.
What are the leading importers of beeswax from Singapore?
+
In value terms, Malaysia ($6.6K) emerged as the key foreign market for beeswax exports from Singapore, comprising 65% of total exports. The second position in the ranking was occupied by India ($1.2K), with a 12% share of total exports. It was followed by Hong Kong SAR, with a 9.1% share.
What is the average export price for beeswax in Singapore?
+
The average beeswax export price stood at $9,412 per tonne in 2020, with an increase of 45% against the previous year.
What is the average import price for beeswax in Singapore?
+
In 2020, the average beeswax import price amounted to $7,979 per tonne, declining by -9.1% 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  This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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