Report Update Jan 1, 2025

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

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Luxembourg: Beeswax Market 2025

Beeswax Market Size in Luxembourg

In 2022, the Luxembourg beeswax market decreased by -47.5% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, showed a mild increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Beeswax Exports

Exports from Luxembourg

In 2022, the amount of beeswax exported from Luxembourg soared to X kg, with an increase of 391% compared with 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,450% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, beeswax exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 912%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X kg) was the main destination for beeswax exports from Luxembourg, with a 98% share of total exports. It was followed by Belgium (X kg), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +33.5%.

In value terms, Germany ($X) remains the key foreign market for beeswax exports from Luxembourg, comprising 99% of total exports. The second position in the ranking was taken by Belgium ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +34.4%.

Export Prices by Country

In 2022, the average beeswax export price amounted to $X per ton, picking up by 48% against the previous year. Over the period under review, the export price recorded a moderate expansion. The pace of growth was the most pronounced in 2019 an increase of 225%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Luxembourg

In 2022, overseas purchases of beeswax decreased by -49.1% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, recorded measured growth. The pace of growth appeared the most rapid in 2015 with an increase of 151%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, beeswax imports dropped dramatically to $X in 2022. Over the period under review, imports, however, recorded a mild expansion. The growth pace was the most rapid in 2015 when imports increased by 31%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest beeswax supplier to Luxembourg, accounting for a 82% share of total imports. Moreover, beeswax imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +50.0%.

In value terms, Germany ($X) constituted the largest supplier of beeswax to Luxembourg, comprising 79% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +41.6%.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, with an increase of 6% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 87% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.7%).

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. 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 Luxembourg?

In value terms, Germany constituted the largest supplier of beeswax to Luxembourg, comprising 95% of total imports. The second position in the ranking was occupied by Belgium, with a 4.8% share of total imports.

What are the leading importers of beeswax from Luxembourg?

In value terms, the largest markets for beeswax exported from Luxembourg were Germany $94), the Netherlands $72) and France $46), with a combined 95% share of total exports.

What is the average export price for beeswax in Luxembourg?

The average beeswax export price stood at $12,389 per ton in 2021, therefore, remained relatively stable against the previous year.

What is the average import price for beeswax in Luxembourg?

In 2021, the average beeswax import price amounted to $8,486 per ton, reducing by -5.3% against the previous year.

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

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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 2012–2024
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