Slovakia: Beeswax Market 2025

Beeswax Market Size in Slovakia

The Slovak beeswax market totaled $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Beeswax Production in Slovakia

In value terms, beeswax production reached $X in 2022 estimated in export price. Overall, production, however, saw a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 159%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Beeswax Exports

Exports from Slovakia

In 2022, exports of beeswax from Slovakia skyrocketed to X kg, with an increase of 141% against the previous year. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 143,400% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, beeswax exports surged to $X in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 58,142%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg), Poland (X kg) and the Czech Republic (X kg) were the main destinations of beeswax exports from Slovakia, with a combined 86% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +75.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for beeswax exports from Slovakia, comprising 76% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +184.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-58.9% per year) and the Czech Republic (+23.5% per year).

Export Prices by Country

The average beeswax export price stood at $X per ton in 2022, with an increase of 45% against the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 156% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($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 the United Arab Emirates (+62.0%), while the prices for the other major destinations experienced mixed trend patterns.

Beeswax Imports

Imports into Slovakia

In 2022, approx. X tons of beeswax were imported into Slovakia; waning by -9.1% against the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, beeswax imports dropped dramatically to $X in 2022. Over the period under review, imports continue to indicate a mild descent. The growth pace was the most rapid in 2013 with an increase of 71%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of beeswax to Slovakia, with a 76% share of total imports. Moreover, beeswax imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -1.5%.

In value terms, Germany ($X) constituted the largest supplier of beeswax to Slovakia, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -3.9%.

Import Prices by Country

The average beeswax import price stood at $X per ton in 2022, with a decrease of -16.7% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 9.4% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($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 China (+15.8%).

Source: IndexBox Platform

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