Ecuador - Beeswax - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeeswax Price in Ecuador - 2022
Contents:
- Beeswax Price in Ecuador (FOB) - 2022
- Beeswax Price in Ecuador (CIF) - 2022
- Beeswax Exports in Ecuador
- Beeswax Imports in Ecuador
Beeswax Price in Ecuador (FOB) - 2022
In 2022, the average beeswax export price amounted to $2,450 per ton, growing by 8.1% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $4,893 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($3,258 per ton), while the average price for exports to Saudi Arabia amounted to $2,421 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.1%).
Beeswax Price in Ecuador (CIF) - 2022
The average beeswax import price stood at $3,189 per ton in 2022, picking up by 17% against the previous year. Over the period under review, the import price, however, showed a deep slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 30%. The import price peaked at $11,296 per ton in 2016; however, from 2017 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 Argentina ($11,319 per ton), while the price for China ($1,503 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+13.0%), while the prices for the other major suppliers experienced a decline.
Beeswax Exports in Ecuador
In 2022, overseas shipments of beeswax decreased by -4.7% to 7 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.
In value terms, beeswax exports amounted to $17K in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Beeswax in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 9.8 | 16.5 | 15.6 | 16.4 | 18.7% |
| Thailand | 0.6 | 1.2 | 1.0 | 0.8 | 10.1% |
| Indonesia | 2.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 12.6 | 17.7 | 16.7 | 17.2 | 10.9% |
Top Export Markets for Beeswax from Ecuador in 2022:
- Saudi Arabia (6.8 tons)
- Thailand (0.2 tons)
Beeswax Imports in Ecuador
In 2022, imports of beeswax into Ecuador declined rapidly to 24 tons, with a decrease of -21% on the previous year. In general, imports saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of 31 tons, and then declined notably in the following year.
In value terms, beeswax imports fell to $77K in 2022. Overall, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year.
| Import of Beeswax in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.3 | 26.3 | 56.4 | 29.0 | -14.4% |
| Argentina | 13.9 | 13.9 | 14.8 | 16.6 | 6.1% |
| Italy | 8.4 | 10.1 | 3.3 | 12.6 | 14.5% |
| United States | 2.2 | 2.2 | 2.2 | 2.5 | 4.4% |
| Others | 15.9 | 18.3 | 6.6 | 16.5 | 1.2% |
| Total | 86.7 | 70.8 | 83.5 | 77.1 | -3.8% |
Top Suppliers of Beeswax to Ecuador in 2022:
- China (19.3 tons)
- Argentina (1.5 tons)
- Italy (1.2 tons)
- United States (0.7 tons)
This report provides an in-depth analysis of the beeswax market in Ecuador. 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:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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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