Middle East: Beeswax Market 2025

Beeswax Market Size in the Middle East

The Middle Eastern beeswax market shrank slightly to $X in 2022, with a decrease of -3.2% against the previous year. Over the period under review, consumption saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Beeswax Production in the Middle East

In value terms, beeswax production declined to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 217% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of beeswax production was Turkey (X tons), accounting for 95% of total volume. Moreover, beeswax production in Turkey exceeded the figures recorded by the second-largest producer, Syrian Arab Republic (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Turkey totaled -1.1%.

Beeswax Exports

Exports in the Middle East

For the sixth year in a row, the Middle East recorded growth in overseas shipments of beeswax, which increased by 41% to X tons in 2022. Overall, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 188%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, beeswax exports skyrocketed to $X in 2022. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Turkey was the major exporter of beeswax in the Middle East, with the volume of exports reaching X tons, which was approx. 57% of total exports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 19% share, followed by Iran (13%) and Yemen (6.3%). Jordan (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beeswax exports from Turkey stood at +24.2%. At the same time, Jordan (+56.5%), Iran (+52.0%) and the United Arab Emirates (+37.6%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +56.5% from 2012-2022. By contrast, Yemen (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates, Iran and Jordan increased by +47, +18, +12 and +3.9 percentage points, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Yemen ($X) were the countries with the highest levels of exports in 2022, together accounting for 88% of total exports. Jordan and Iran lagged somewhat behind, together accounting for a further 9.8%.

In terms of the main exporting countries, Jordan, with a CAGR of +52.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, reducing by -3.3% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beeswax export price decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 77%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Yemen ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+17.7%), while the other leaders experienced mixed trends in the export price figures.

Beeswax Imports

Imports in the Middle East

In 2022, the amount of beeswax imported in the Middle East amounted to X tons, standing approx. at the previous year. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, beeswax imports rose to $X in 2022. Overall, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Oman (X tons) and the United Arab Emirates (X tons) were the main importers of beeswax in 2022, reaching approx. 25% and 20% of total imports, respectively. Turkey (X tons) ranks next in terms of the total imports with an 11% share, followed by Syrian Arab Republic (11%), Iraq (8.3%), Lebanon (8.1%), Iran (6%) and Israel (4.7%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beeswax importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 61% share of total imports.

Oman, with a CAGR of +26.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 3.8% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beeswax import price increased by +24.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by 63% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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