Report Update Nov 1, 2024

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

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Kenya: Beeswax Market 2024

Beeswax Market Size in Kenya

In 2022, the Kenyan beeswax market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a mild shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Beeswax Production in Kenya

In value terms, beeswax production declined to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 6.3% against the previous year. Beeswax production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Beeswax Exports

Exports from Kenya

In 2022, the amount of beeswax exported from Kenya contracted markedly to X tons, with a decrease of -21.6% on the previous year's figure. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 132% against the previous year. The exports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, beeswax exports contracted sharply to $X in 2022. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 137%. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for beeswax exports from Kenya, with a 85% share of total exports. Moreover, beeswax exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.8% per year) and Japan (+20.8% per year).

In value terms, the United States ($X) remains the key foreign market for beeswax exports from Kenya, comprising 81% of total exports. The second position in the ranking was taken by the UK ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.5% per year) and Japan (+22.6% per year).

Export Prices by Country

The average beeswax export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 6.3% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 Japan (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Beeswax Imports

Imports into Kenya

Beeswax imports into Kenya surged to X tons in 2022, jumping by 44% against the previous year. In general, imports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 70%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, beeswax imports surged to $X in 2022. Over the period under review, imports, however, showed a dramatic decline. The growth pace was the most rapid in 2018 when imports increased by 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) was the main beeswax supplier to Kenya, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at -25.2%.

In value terms, Malaysia ($X) constituted the largest supplier of beeswax to Kenya.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at -22.5%.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, falling by -9% against the previous year. Over the period under review, the import price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2013 an increase of 53%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +3.7% per year.

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, with a combined 44% share 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. These countries were followed by Argentina, Turkey, South Korea, Indonesia, Kenya, Angola, Tanzania, Brazil, the United States and Spain, which together accounted for a further 31%.

What are the leading suppliers of beeswax to Kenya?

In value terms, the United States, India and China constituted the largest beeswax suppliers to Kenya, together comprising 86% of total imports. These countries were followed by Iran, Pakistan and Tanzania, which together accounted for a further 10%.

What are the leading importers of beeswax from Kenya?

In value terms, the United States remains the key foreign market for beeswax exports from Kenya, comprising 88% of total exports. The second position in the ranking was occupied by the UK, with a 9.4% share of total exports.

What is the average export price for beeswax in Kenya?

In 2021, the average beeswax export price amounted to $7,504 per ton, increasing by 2.3% against the previous year.

What is the average import price for beeswax in Kenya?

In 2021, the average beeswax import price amounted to $6,227 per ton, falling by -29.6% against the previous year.

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

Kenya

Data coverage:

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