U.S. - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Prices in the United States
U.S. Beeswax Import Price per Ton in August 2022
In August 2022, the beeswax price per ton amounted to $7.0K (CIF, US), reducing by -6.6% against the previous month. In general, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in July 2022 when the average import price increased by 23% m-o-m. Over the period under review, average import prices attained the peak figure at $8.3K per ton in January 2022; however, from February 2022 to August 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($333.8K per ton), while the price for Mali ($5.1K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Brazil (+61.7%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Beeswax Imports
In August 2022, purchases abroad of beeswax increased by 9.3% to 491 tons, rising for the third month in a row after two months of decline. Over the period under review, total imports indicated strong growth from January 2022 to August 2022: its volume increased at an average monthly rate of +11.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +79.5% against May 2022 indices. The pace of growth was the most pronounced in March 2022 when imports increased by 43% m-o-m. Imports peaked in August 2022.
In value terms, beeswax imports amounted to $3.5M (IndexBox estimates) in August 2022. Overall, imports recorded prominent growth. The growth pace was the most rapid in March 2022 when imports increased by 52% against the previous month. Imports peaked in August 2022.
U.S. Beeswax Imports by Country
In August 2022, China (271 tons) constituted the largest beeswax supplier to the United States, accounting for a 55% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (53 tons), fivefold. Argentina (36 tons) ranked third in terms of total imports with a 7.3% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from China stood at +12.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+17.5% per month) and Argentina (+12.4% per month).
In value terms, China ($1.6M) constituted the largest supplier of beeswax to the United States, comprising 48% of total imports. The second position in the ranking was taken by Vietnam ($413K), with a 12% share of total imports. It was followed by Argentina, with a 10% share.
From January 2022 to August 2022, the average monthly growth rate of value from China totaled +10.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+18.2% per month) and Argentina (+16.1% per month).
This report provides an in-depth analysis of the beeswax market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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After the 2020's fall, U.S. beeswax market rebounded by 40% to $25M last year.
466
In terms of value, the import of Vegetable Waxes experienced a significant decrease, declining to $2.8 million in June 2023.
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Explore the growth projections for the global beeswax market, with expectations of a 2.8% increase in volume and a 3.9% increase in value from 2023 to 2030, reaching 166K tons and $1.3B respectively.
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Global beeswax consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
9779
In 2015, the country with the largest volume of the beeswax output was India (X thousand tons), accounting for X% of global production.
1538
China dominates in the global beeswax trade. In 2014, China exported X thousand tons of beeswax totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total beeswax exports in value
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Brazil was the largest exporter of vegetable waxes in the world, with the volume of exports accounting for 14K tons, which was near 45% of total exports in 2018.
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After the 2020's fall, U.S. beeswax market rebounded by 40% to $25M last year.
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In terms of value, the import of Vegetable Waxes experienced a significant decrease, declining to $2.8 million in June 2023.
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Explore the growth projections for the global beeswax market, with expectations of a 2.8% increase in volume and a 3.9% increase in value from 2023 to 2030, reaching 166K tons and $1.3B respectively.
