Report Update Nov 1, 2024

Belarus - Beeswax - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Beeswax Market 2024

Beeswax Market Size in Belarus

The Belarusian beeswax market contracted remarkably to $X in 2022, which is down by -39.5% against the previous year. In general, consumption continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Beeswax Production in Belarus

In value terms, beeswax production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 1,582,200%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Beeswax Exports

Exports from Belarus

Beeswax exports from Belarus amounted to X tons in 2016, approximately reflecting the previous year. In general, exports posted significant growth. The smallest decline of 99.9% was in 2015. The exports peaked in 2016 and are likely to see steady growth in the near future.

In value terms, beeswax exports amounted to $X in 2016. Overall, exports posted a prominent expansion. The smallest decline of 99.9% was in 2015. The exports peaked in 2016 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for beeswax exports from Belarus, accounting for a approx. 100% share of total exports.

From 2014 to 2016, the average annual rate of growth in terms of volume to Russia was relatively modest.

From 2014 to 2016, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

In 2016, the average beeswax export price amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2014 to 2016, the rate of growth in terms of prices for Lithuania amounted to 0.0% per year.

Beeswax Imports

Imports into Belarus

In 2022, the amount of beeswax imported into Belarus shrank significantly to X tons, reducing by -40.8% on 2021 figures. In general, imports showed a perceptible downturn. The growth pace was the most rapid in 2019 when imports increased by 1,090%. Imports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, beeswax imports declined remarkably to $X in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 921% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of beeswax to Belarus, accounting for a 86% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, Russia (X kg), sixfold. Poland (X kg) ranked third in terms of total imports with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +69.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.6% per year) and Poland (-18.0% per year).

In value terms, China ($X) constituted the largest supplier of beeswax to Belarus, comprising 79% of total imports. The second position in the ranking was taken by Russia ($X), with a 19% share of total imports. It was followed by Lithuania, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +51.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+11.0% per year) and Lithuania (-44.2% per year).

Import Prices by Country

In 2022, the average beeswax import price amounted to $X per ton, surging by 7.6% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 54%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+15.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox 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 2021 were India, Benin and France, together accounting for 44% of global consumption.

What are the largest producers of beeswax in the world?

The countries with the highest volumes of beeswax production in 2021 were India, China and Ethiopia, with a combined 51% share of global production. Argentina, Turkey, South Korea, Indonesia, Kenya, Angola, Tanzania, Brazil, the United States and Spain lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of beeswax to Belarus?

In value terms, China constituted the largest supplier of beeswax to Belarus, comprising 82% of total imports. The second position in the ranking was occupied by Russia $878), with a 14% share of total imports.

What is the average export price for beeswax in Belarus?

In 2016, the average beeswax export price amounted to $1,523 per ton, approximately mirroring the previous year.

What is the average import price for beeswax in Belarus?

In 2021, the average beeswax import price amounted to $6,218 per ton, shrinking by -51.8% against the previous year.

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

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023