Japan - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Japan - 2023
Contents:
- Beeswax Price in Japan (CIF) - 2022
- Beeswax Price in Japan (FOB) - 2022
- Beeswax Imports in Japan
- Beeswax Exports in Japan
Beeswax Price in Japan (CIF) - 2022
In 2022, the average beeswax import price amounted to $6,757 per ton, declining by -16.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 13%. Over the period under review, average import prices hit record highs at $9,462 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($14,284 per ton), while the price for Myanmar ($783 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Beeswax Price in Japan (FOB) - 2022
In 2022, the average beeswax export price amounted to $21,234 per ton, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
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 Ireland ($53,269 per ton), while the average price for exports to Thailand ($13,744 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 Ireland (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Beeswax Imports in Japan
In 2022, after two years of decline, there was significant growth in purchases abroad of beeswax, when their volume increased by 46% to 849 tons. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, beeswax imports surged to $5.7M in 2022. In general, imports, however, saw a pronounced decline.
Import of Beeswax in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Tanzania | 1,040 | 711 | 536 | 1,044 | 0.1% |
Vietnam | 938 | 595 | 696 | 872 | -2.4% |
Thailand | 660 | 452 | 654 | 619 | -2.1% |
Ethiopia | 576 | 431 | 372 | 572 | -0.2% |
Argentina | 858 | 635 | 598 | 486 | -17.3% |
Taiwan (Chinese) | 190 | 395 | 382 | 459 | 34.2% |
China | 462 | 311 | 532 | 418 | -3.3% |
Australia | 1,034 | 664 | 195 | 371 | -28.9% |
Myanmar | 8.1 | 32.5 | 17.4 | 134 | 154.8% |
Others | 758 | 949 | 717 | 761 | 0.1% |
Total | 6,523 | 5,177 | 4,699 | 5,736 | -4.2% |
Top Suppliers of Beeswax to Japan in 2022:
- Myanmar (171.3 tons)
- Tanzania (136.9 tons)
- Vietnam (118.0 tons)
- Thailand (85.2 tons)
- Ethiopia (71.0 tons)
- Taiwan (Chinese) (58.6 tons)
- Argentina (54.0 tons)
- China (50.7 tons)
- Australia (26.0 tons)
Beeswax Exports in Japan
In 2022, beeswax exports from Japan surged to 86 tons, picking up by 28% against the previous year. Overall, exports, however, saw a abrupt decline.
In value terms, beeswax exports soared to $1.8M in 2022. In general, exports, however, recorded a noticeable downturn.
Export of Beeswax in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | N/A | N/A | N/A | 521 | 0% |
Philippines | 387 | N/A | 11.3 | 425 | 3.2% |
South Korea | 311 | 160 | 306 | 198 | -14.0% |
Taiwan (Chinese) | 327 | 174 | 283 | 179 | -18.2% |
Vietnam | 122 | 134 | 137 | 95.6 | -7.8% |
China | 182 | 162 | 90.1 | 66.7 | -28.4% |
Thailand | 115 | 77.9 | 85.3 | 49.3 | -24.6% |
Hong Kong SAR | 56.7 | 83.7 | 69.8 | 40.1 | -10.9% |
Indonesia | 153 | N/A | 7.8 | 12.9 | -56.2% |
United Kingdom | 165 | 172 | 96.5 | N/A | -23.5% |
United Arab Emirates | 174 | 55.1 | 59.6 | N/A | -41.5% |
Others | 64.2 | 108 | 130 | 233 | 53.7% |
Total | 2,058 | 1,126 | 1,277 | 1,822 | -4.0% |
Top Export Markets for Beeswax from Japan in 2022:
- Philippines (30.4 tons)
- South Korea (12.5 tons)
- Taiwan (Chinese) (12.3 tons)
- Ireland (9.8 tons)
- Vietnam (5.8 tons)
- Thailand (3.6 tons)
- China (3.1 tons)
- Hong Kong SAR (2.1 tons)
- Indonesia (0.9 tons)
This report provides an in-depth analysis of the beeswax market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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