Report Update Jan 1, 2025

Southern Asia - Beeswax - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Beeswax Market 2025

Beeswax Market Size in Southern Asia

The South Asian beeswax market stood at $X in 2022, increasing by 2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Beeswax Production in Southern Asia

In value terms, beeswax production rose markedly to $X in 2022 estimated in export price. In general, production showed a slight descent. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The country with the largest volume of beeswax production was India (X tons), comprising approx. 98% of total volume. It was followed by Pakistan (X tons), with a 1.9% share of total production.

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

Beeswax Exports

Exports in Southern Asia

After two years of decline, overseas shipments of beeswax increased by 9.4% to X tons in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 74%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, beeswax exports rose remarkably to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 100% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons), together recording 100% of total export.

India was also the fastest-growing in terms of the beeswax exports, with a CAGR of +12.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest beeswax supplier in Southern Asia.

In India, beeswax exports expanded at an average annual rate of +8.5% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, reducing by -3.8% against the previous year. Overall, the export price saw a perceptible downturn. The growth pace was the most rapid in 2013 when the export price increased by 23%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.5% per year.

Beeswax Imports

Imports in Southern Asia

In 2022, approx. X tons of beeswax were imported in Southern Asia; waning by -7.8% on the previous year's figure. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 77% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, beeswax imports totaled $X in 2022. In general, imports, however, showed a pronounced increase. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

India prevails in imports structure, accounting for X tons, which was near 93% of total imports in 2022. It was distantly followed by Pakistan (X tons), committing a 4.7% share of total imports.

India was also the fastest-growing in terms of the beeswax imports, with a CAGR of +6.2% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. While the share of India (+5.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-4.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported beeswax in Southern Asia, comprising 90% of total imports. The second position in the ranking was held by Pakistan ($X), with a 6.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India stood at +6.7%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by 10% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beeswax in Southern Asia?

India constituted the country with the largest volume of beeswax consumption, comprising approx. 97% of total volume. It was followed by Pakistan, with a 2.5% share of total consumption.

What are the largest producers of beeswax in Southern Asia?

India constituted the country with the largest volume of beeswax production, comprising approx. 98% of total volume. It was followed by Pakistan, with a 2% share of total production.

What are the leading exporters of beeswax in Southern Asia?

In value terms, India remains the largest beeswax supplier in Southern Asia.

What are the leading importers of beeswax in Southern Asia?

In value terms, Pakistan, India and Sri Lanka appeared to be the countries with the highest levels of imports in 2021, together accounting for 92% of total imports. Bangladesh, Nepal and Afghanistan lagged somewhat behind, together comprising a further 7.5%.

What is the average export price for beeswax in Southern Asia?

In 2021, the beeswax export price in Southern Asia amounted to $4,794 per ton, reducing by -8.9% against the previous year.

What is the average import price for beeswax in Southern Asia?

In 2021, the beeswax import price in Southern Asia amounted to $4,349 per ton, rising by 251% against the previous year.

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

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
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. CONSUMPTION BY COUNTRY
3. 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 VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Producing Animals, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Producing Animals, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Producing Animals, By Country, 2024
25. Producing Animals, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024