Turkey: Beeswax Market 2025

Beeswax Market Size in Turkey

The Turkish beeswax market reduced slightly to $X in 2022, declining by -4.4% against the previous year. Overall, consumption recorded a pronounced downturn. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Beeswax Production in Turkey

In value terms, beeswax production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2016 when the production volume increased by 227%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Beeswax Exports

Exports from Turkey

In 2022, beeswax exports from Turkey skyrocketed to X tons, growing by 409% on the previous year's figure. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 1,384%. 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 saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 344%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Azerbaijan (X tons) were the main destinations of beeswax exports from Turkey, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +1,099,900.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Azerbaijan ($X) were the largest markets for beeswax exported from Turkey worldwide, with a combined 90% share of total exports.

Bulgaria, with a CAGR of +605,670.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average beeswax export price amounted to $X per ton, reducing by -33.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 250%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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 Iraq ($X per ton), while the average price for exports to Poland ($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 Oman (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Beeswax Imports

Imports into Turkey

In 2022, approx. X tons of beeswax were imported into Turkey; remaining stable against 2021. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 166%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, beeswax imports reached $X in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 103%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of beeswax imports to Turkey, with a combined 84% share of total imports. The Netherlands, Italy, India and France lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +111.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beeswax suppliers to Turkey were Germany ($X), China ($X) and the United States ($X), with a combined 88% share of total imports. The Netherlands, France, Italy and India lagged somewhat behind, together accounting for a further 12%.

India, with a CAGR of +112.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beeswax import price amounted to $X per ton, growing by 3.9% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 79%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :