Australia and Oceania: Beeswax Market 2025

Beeswax Market Size in Australia and Oceania

The beeswax market in Australia and Oceania shrank modestly to $X in 2022, with a decrease of -4.9% against the previous year. In general, consumption recorded a resilient expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Beeswax Production in Australia and Oceania

In value terms, beeswax production reduced to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were New Zealand (X tons) and Australia (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by New Zealand (with a CAGR of +0.8%).

Beeswax Exports

Exports in Australia and Oceania

In 2022, the amount of beeswax exported in Australia and Oceania soared to X tons, jumping by 19% compared with 2021 figures. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 34%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, beeswax exports expanded notably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 52% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) was the major exporter of beeswax, mixing up 76% of total exports. It was distantly followed by New Zealand (X tons), constituting a 24% share of total exports.

Australia was also the fastest-growing in terms of the beeswax exports, with a CAGR of -4.5% from 2012 to 2022. New Zealand (-10.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +14 percentage points.

In value terms, Australia ($X) remains the largest beeswax supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +1.6%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -6% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beeswax export price increased by +5.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 20%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.4%).

Beeswax Imports

Imports in Australia and Oceania

After two years of decline, overseas purchases of beeswax increased by 19% to X tons in 2022. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 71% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, beeswax imports rose notably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 71%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was near 95% of total imports in 2022. New Zealand (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to beeswax imports into Australia stood at +3.4%. At the same time, New Zealand (+11.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +11.2% from 2012-2022. While the share of Australia (-3.1 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported beeswax in Australia and Oceania, comprising 94% of total imports. The second position in the ranking was held by New Zealand ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +6.4%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, dropping by -8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 an increase of 27%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.9%).

Source: IndexBox Platform

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