Indonesia: Beeswax Market 2025

Beeswax Market Size in Indonesia

After five years of decline, the Indonesian beeswax market increased by 1,296% to $X in 2022. Overall, consumption, however, continues to indicate a abrupt shrinkage. Beeswax consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Beeswax Production in Indonesia

In value terms, beeswax production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.4% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Beeswax Exports

Exports from Indonesia

In 2022, shipments abroad of beeswax decreased by -43.5% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 136% against the previous year. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, beeswax exports rose slightly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 158% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for beeswax exports from Indonesia, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India totaled +15.7%.

In value terms, India ($X) also remains the key foreign market for beeswax exports from Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +19.1%.

Export Prices by Country

The average beeswax export price stood at $X per ton in 2022, with an increase of 85% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.0% per year.

Beeswax Imports

Imports into Indonesia

In 2022, after two years of decline, there was significant growth in supplies from abroad of beeswax, when their volume increased by 5.2% to X tons. In general, imports, however, faced a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of 165% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, beeswax imports totaled $X in 2022. Over the period under review, imports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of 133%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of beeswax to Indonesia, with a 51% share of total imports. Moreover, beeswax imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. The third position in this ranking was held by France (X kg), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.0% per year) and France (-14.0% per year).

In value terms, China ($X) constituted the largest supplier of beeswax to Indonesia, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total imports. It was followed by France, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.5% per year) and France (-15.2% per year).

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, showed a deep setback. The pace of growth was the most pronounced in 2014 an increase of 70%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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