Beeswax Market in Israel
Market Overview
The Israeli beeswax market soared to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded perceptible growth. Beeswax consumption peaked in and is expected to retain growth in the near future.
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded perceptible growth. Beeswax consumption peaked in and is expected to retain growth in the near future.Consumption
In , the amount of beeswax consumed in Israel surged to tons, increasing by % on . In general, consumption enjoyed a temperate expansion. Over the period under review, consumption reached the peak volume in and is expected to retain growth in the near future.
The size of the beeswax market in Israel soared to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a perceptible expansion. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.
, the amount of beeswax consumed in Israel surged to tons, increasing by % on . In general, consumption enjoyed a temperate expansion. Over the period under review, consumption reached the peak volume in and is expected to retain growth in the near future.The size of the beeswax market in Israel soared to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a perceptible expansion. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.Market Forecast
The beeswax market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Israel increased significantly over the last fifteen-year period (from % to %). Beeswax market in Israel consists almost entirely of imported products.
% to %). Beeswax market in Israel consists almost entirely of imported products.Trade Balance
Israel remains a net importer of beeswax; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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