Pakistan: Beeswax Market 2025

Beeswax Market Size in Pakistan

The Pakistani beeswax market contracted to $X in 2022, with a decrease of -11.2% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. 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 Production in Pakistan

In value terms, beeswax production shrank to $X in 2022 estimated in export price. Overall, production saw a mild reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 61% against the previous year. Beeswax production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Beeswax Exports

Exports from Pakistan

After three years of growth, overseas shipments of beeswax decreased by -20.1% to X kg in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 200% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, beeswax exports reduced remarkably to $X in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 124% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X kg) was the main destination for beeswax exports from Pakistan, accounting for a 82% share of total exports. Moreover, beeswax exports to Kenya exceeded the volume sent to the second major destination, the UK (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya totaled +45.9%.

In value terms, the UK ($X) and Kenya ($X) constituted the largest markets for beeswax exported from Pakistan worldwide.

In terms of the main countries of destination, Kenya, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average beeswax export price amounted to $X per ton, picking up by 2.8% against the previous year. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 156% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Kenya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.3%), while the prices for the other major destinations experienced a decline.

Beeswax Imports

Imports into Pakistan

Beeswax imports into Pakistan contracted notably to X tons in 2022, with a decrease of -26.5% against the previous year. Over the period under review, imports recorded a mild decline. The growth pace was the most rapid in 2021 when imports increased by 98%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, beeswax imports contracted remarkably to $X in 2022. Overall, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 51%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Malaysia (X tons) was the main supplier of beeswax to Pakistan, with a 94% share of total imports. It was followed by China (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia was relatively modest.

In value terms, Malaysia ($X) constituted the largest supplier of beeswax to Pakistan, comprising 70% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to -4.9%.

Import Prices by Country

In 2022, the average beeswax import price amounted to $X per ton, declining by -26.9% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2020 an increase of 61%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the price for Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%).

Source: IndexBox Platform

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