Beeswax Market in the United Arab Emirates
Market Overview
The beeswax market in the United Arab Emirates surged to $
in , picking up 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 showed a buoyant expansion. Beeswax consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.
In value terms, beeswax production rose rapidly to $ in estimated in export price. In general, the total production indicated a strong expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Beeswax production peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.
in , picking up 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 showed a buoyant expansion. Beeswax consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.In value terms, beeswax production rose rapidly to $
in estimated in export price. In general, the total production indicated a strong expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Beeswax production peaked at $ in 2015; however, from 2016 to , production remained at a lower figure.Consumption
In , approx. tons of beeswax were consumed in the United Arab Emirates; picking up by % compared with . Overall, consumption recorded a prominent increase. Beeswax consumption peaked at tons in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
The revenue of the beeswax market in the United Arab Emirates skyrocketed to $ in , picking up 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). In general, consumption posted prominent growth. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
, approx. tons of beeswax were consumed in the United Arab Emirates; picking up by % compared with . Overall, consumption recorded a prominent increase. Beeswax consumption peaked at tons in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.The revenue of the beeswax market in the United Arab Emirates skyrocketed to $
in , picking up 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). In general, consumption posted prominent growth. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for beeswax in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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 the United Arab Emirates increased significantly over the last fifteen-year period (from % to %). Beeswax market in the United Arab Emirates consists almost entirely of imported products.
% to %). Beeswax market in the United Arab Emirates consists almost entirely of imported products.Trade Balance
The United Arab Emirates 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.
Download XLSX
Download all the data in the form of a report