Thailand: Beeswax Market 2022

Beeswax Market Size in Thailand

The Thai beeswax market skyrocketed to $X in 2021, jumping by X% against the previous year. Overall, consumption showed tangible growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Beeswax Production in Thailand

In value terms, beeswax production stood at $X in 2021 estimated in export prices. Overall, production continues to indicate a abrupt decline. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

The average yield of beeswax in Thailand was estimated at less than X kg per head in 2021, almost unchanged from the year before. Overall, the yield saw a relatively flat trend pattern.

In 2021, the amount of producing animals in Thailand was estimated at less than X head, flattening at the previous year's figure. Overall, the number of producing animals recorded a relatively flat trend pattern.

Beeswax Exports

Exports from Thailand

In 2021, exports of beeswax from Thailand skyrocketed to X tonnes, rising by X% compared with the previous year. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, beeswax exports skyrocketed to $X in 2021. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tonnes), Taiwan (Chinese) (X tonnes) and Lao People's Democratic Republic (X tonnes) were the main destinations of beeswax exports from Thailand, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (+X%), while the other leaders experienced mixed trend patterns.

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

From 2012 to 2021, the average annual growth rate of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Lao People's Democratic Republic (+X% per year).

Export Prices by Country

In 2021, the average beeswax export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per tonne), while the average price for exports to Lao People's Democratic Republic ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Thailand

In 2021, approx. X tonnes of beeswax were imported into Thailand; with an increase of X% on the year before. In general, imports saw a mild expansion. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, beeswax imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Germany (X tonnes), China (X tonnes) and Taiwan (Chinese) (X tonnes) were the main suppliers of beeswax imports to Thailand, 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 China (+X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United States (-X% per year).

Import Prices by Country

The average beeswax import price stood at $X per tonne in 2021, reducing by -X% against the previous year. Overall, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2017 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2018 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform