Germany: Beeswax Market 2025

Beeswax Market Size in Germany

The German beeswax market skyrocketed to $X in 2022, increasing by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Beeswax Exports

Exports from Germany

In 2022, beeswax exports from Germany rose to X tons, picking up by 1.9% on the year before. Overall, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, beeswax exports declined to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.3% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), France (X tons) and South Korea (X tons) were the main destinations of beeswax exports from Germany, together comprising 48% of total exports. The United States, Greece, Switzerland, Austria, Slovakia, Italy, the Netherlands, the UK, Mexico and Thailand lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +50.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and South Korea ($X) were the largest markets for beeswax exported from Germany worldwide, together accounting for 39% of total exports. The United States, Switzerland, Austria, Italy, Greece, Slovakia, the Netherlands, the UK, Mexico and Thailand lagged somewhat behind, together comprising a further 36%.

Slovakia, with a CAGR of +54.4%, 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

In 2022, the average beeswax export price amounted to $X per ton, with a decrease of -8.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 7.6%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Poland ($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 Italy (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Germany

For the third year in a row, Germany recorded growth in overseas purchases of beeswax, which increased by 37% to X tons in 2022. In general, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, beeswax imports soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Vietnam (X tons) were the main suppliers of beeswax imports to Germany, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +89.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of beeswax to Germany, comprising 45% of total imports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+30.3% per year) and Poland (+71.4% per year).

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, dropping by -6.6% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 8.5% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 Australia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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