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

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Beeswax Market Size in Thailand

In 2019, the Thai beeswax market decreased by -X% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption recorded a moderate increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Beeswax Production in Thailand

In value terms, beeswax production stood at $X in 2019 estimated in export prices. Over the period under review, production faced a dramatic shrinkage. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

In 2019, the average beeswax yield in Thailand amounted to X kg per head, stabilizing at the year before. Overall, the yield continues to indicate a relatively flat trend pattern.

The number of animals for beeswax production in Thailand was estimated at X head in 2019, therefore, remained relatively stable against the previous year. Over the period under review, the number of producing animals saw a relatively flat trend pattern.

Beeswax Exports

Exports from Thailand

In 2019, overseas shipments of beeswax decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports failed to regain the momentum.

In value terms, beeswax exports declined modestly to $X in 2019. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Nigeria (X tonnes) was the main destination for beeswax exports from Thailand, with a X% share of total exports. It was followed by Taiwan (Chinese) (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Nigeria amounted to +X%.

In value terms, Nigeria ($X) emerged as the key foreign market for beeswax exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Nigeria totaled +X%.

Export Prices by Country

The average beeswax export price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, the export price saw a strong expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to Nigeria stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese).

Beeswax Imports

Imports into Thailand

Beeswax imports into Thailand declined markedly to X tonnes in 2019, shrinking by -X% on the previous year. Overall, imports saw a slight downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, beeswax imports fell rapidly to $X in 2019. In general, imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018, and then declined significantly in the following year.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and the U.S. (X tonnes) were the main suppliers of beeswax imports to Thailand, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest beeswax suppliers to Thailand were the Netherlands ($X), Germany ($X) and the U.S. ($X), together comprising X% of total imports.

Among the main suppliers, the Netherlands 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

The average beeswax import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, import price indicated temperate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, beeswax import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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. Turkey, Argentina, South Korea, the U.S., Kenya, Angola, Germany, China, Spain and Mexico lagged somewhat behind, together accounting 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 Thailand?
+
In value terms, the Netherlands ($181K), Germany ($179K) and the U.S. ($104K) constituted the largest beeswax suppliers to Thailand, together accounting for 77% of total imports.
What are the leading importers of beeswax from Thailand?
+
In value terms, Nigeria ($465K) emerged as the key foreign market for beeswax exports from Thailand, comprising 71% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($102K), with a 15% share of total exports.
What is the average export price for beeswax in Thailand?
+
The average beeswax export price stood at $8,373 per tonne in 2019, growing by 52% against the previous year.
What is the average import price for beeswax in Thailand?
+
The average beeswax import price stood at $7,826 per tonne in 2019, with a decrease of -12.7% against the previous year.

Product coverage:
• FCL 1183 - Beeswax

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

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