Report Update Feb 1, 2025

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

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Ecuador: Beeswax Market 2025

Beeswax Market Size in Ecuador

The Ecuadorian beeswax market reduced to $X in 2022, shrinking by -5.3% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Beeswax Production in Ecuador

In value terms, beeswax production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Beeswax production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Beeswax Exports

Exports from Ecuador

In 2022, after six years of growth, there was decline in overseas shipments of beeswax, when their volume decreased by -4.7% to X tons. In general, exports, however, posted strong growth. The growth pace was the most rapid in 2017 when exports increased by 84%. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, beeswax exports expanded slightly to $X in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 68% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for beeswax exports from Ecuador, accounting for a 97% share of total exports. Moreover, beeswax exports to Saudi Arabia exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +30.8%.

In value terms, Saudi Arabia ($X) remains the key foreign market for beeswax exports from Ecuador, comprising 95% of total exports. The second position in the ranking was held by Thailand ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +22.5%.

Export Prices by Country

In 2022, the average beeswax export price amounted to $X per ton, increasing by 8.1% against the previous year. In general, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2014 an increase of 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.1%).

Beeswax Imports

Imports into Ecuador

In 2022, approx. X tons of beeswax were imported into Ecuador; shrinking by -21% compared with the year before. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 563%. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, beeswax imports contracted to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 481% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of beeswax to Ecuador, accounting for a 80% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+11.8% per year) and Italy (+10.4% per year).

In value terms, the largest beeswax suppliers to Ecuador were China ($X), Argentina ($X) and Italy ($X), with a combined 75% share of total imports.

Among the main suppliers, China, with a CAGR of +43.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, growing by 17% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+13.0%), 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 comprising 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 comprising 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 Ecuador?

In value terms, China constituted the largest supplier of beeswax to Ecuador, comprising 57% of total imports. The second position in the ranking was occupied by Argentina, with a 27% share of total imports. It was followed by Germany, with a 6.7% share.

What are the leading importers of beeswax from Ecuador?

In value terms, Thailand $68) remains the key foreign market for beeswax exports from Ecuador, comprising 94% of total exports. The second position in the ranking was occupied by Panama $4), with a 5.6% share of total exports.

What is the average export price for beeswax in Ecuador?

In 2021, the average beeswax export price amounted to $2,571 per ton, waning by -3% against the previous year.

What is the average import price for beeswax in Ecuador?

In 2021, the average beeswax import price amounted to $2,743 per ton, falling by -12.8% against the previous year.

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

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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
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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024