Report Update Nov 1, 2024

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

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Belgium: Beeswax Market 2024

Beeswax Market Size in Belgium

The Belgian beeswax market reduced sharply to $X in 2022, falling by -30.3% against the previous year. In general, consumption showed a relatively flat trend pattern. Beeswax consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Beeswax Production in Belgium

In value terms, beeswax production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 51%. Beeswax production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Beeswax Exports

Exports from Belgium

In 2022, shipments abroad of beeswax decreased by -39.2% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a pronounced downturn. The growth pace was the most rapid in 2017 when exports increased by 56%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, beeswax exports declined sharply to $X in 2022. Over the period under review, exports showed a perceptible decline. The pace of growth appeared the most rapid in 2020 when exports increased by 72%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of beeswax exports from Belgium, together comprising 83% of total exports. Turkey, Greece, Hungary and Luxembourg lagged somewhat behind, together accounting for a further 9.5%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +96.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest markets for beeswax exported from Belgium worldwide, together comprising 79% of total exports. Turkey, Hungary, Greece and Luxembourg lagged somewhat behind, together accounting for a further 12%.

Turkey, with a CAGR of +89.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beeswax export price stood at $X per ton in 2022, with a decrease of -17.5% against the previous year. Overall, the export price showed a slight descent. The growth pace was the most rapid in 2018 when the average export price increased by 44% against the previous year. The export price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of beeswax, when their volume decreased by -40.2% to X tons. In general, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of 218%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, beeswax imports fell dramatically to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 152%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of beeswax imports to Belgium, with a combined 79% share of total imports. The Netherlands, Bulgaria and India lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +87.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and China ($X) were the largest beeswax suppliers to Belgium, with a combined 77% share of total imports. The Netherlands, Bulgaria and India lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Bulgaria, with a CAGR of +78.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2016 an increase of 17%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together accounting for 51% 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 Belgium?

In value terms, the largest beeswax suppliers to Belgium were Togo, Bulgaria and France, with a combined 53% share of total imports.

What are the leading importers of beeswax from Belgium?

In value terms, the Netherlands remains the key foreign market for beeswax exports from Belgium, comprising 48% of total exports. The second position in the ranking was occupied by France, with an 18% share of total exports. It was followed by Germany, with a 16% share.

What is the average export price for beeswax in Belgium?

The average beeswax export price stood at $11,313 per ton in 2021, which is down by -7.6% against the previous year.

What is the average import price for beeswax in Belgium?

In 2021, the average beeswax import price amounted to $9,170 per ton, growing by 1.5% against the previous year.

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

Belgium

Data coverage:

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