What is the price of beeswax per kilogram/pound in Australia today?
The retail price range for Australia beeswax is between US$ 27.32 and US$ 35.12 per kilogram or between US$ 12.39 and US$ 15.93 per pound(lb). Click here to see today's exact prices of beeswax in Australia
The retail price range in Australian Dollar for beeswax is between AUD 41.09 and AUD 52.83 per kilogram or between AUD 18.64 and AUD 23.96 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia beeswax is between US$ 19.12 and US$ 24.59 per kilogram or between US$ 8.67 and US$ 11.15 per pound(lb).
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Australia Beeswax Export Prices - Historical, Trends and Prediction
The export price of Beeswax from Australia has seen a steady increase over the last five years. In 2017, the price per kilogram was 12.72 US dollars, and in 2021 it was 16.34 US dollars. The highest price was seen in 2019, when it was 21.70 US dollars per kilogram. The most recent price in 2022 was 14.55 US dollars per kilogram. Based on this trend, it is predicted that the export price of Beeswax from Australia in 2023 will be around 17.50 US dollars per kilogram, and in 2024 it will be around 19.50 US dollars per kilogram.The Australia beeswax exports are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
Australia Beeswax Import Prices - Historical, Trends and Prediction
The import price of Beeswax into Australia has seen a steady increase over the past five years. In 2016, the price per kilogram was 11.35 US dollars, and by 2021, it had risen to 16.34 US dollars. The highest price was recorded in 2019, when it reached 21.70 US dollars. In 2020, the price dropped to 11.74 US dollars, before increasing again to 16.34 US dollars in 2021. The most recent data shows that the price of Beeswax per kilogram is 14.55 US dollars. Based on this data, it is likely that the price of Beeswax per kilogram will continue to increase in the next two years. We predict that the price of Beeswax per kilogram in 2023 will be around 17.00 US dollars, and in 2024 it will be around 19.00 US dollars.Export values for Australia beeswax
The total values in export for beeswax in Australia were US$ 2,951, US$ 2,443, US$ 4,198 and US$ 3,451 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of beeswax in other countries across Oceania: Fiji beeswax, French Polynesia beeswax, Guam beeswax, Micronesia beeswax, New Caledonia beeswax, Papua New Guinea beeswax, Samoa beeswax, Solomon Islands beeswax, Tonga beeswax & Vanuatu beeswax.
Australia beeswax - Production, Exports, Imports, Seasons and HS Codes
The quantity of beeswax shipped by Australia in 2020 was 170 metric tons. In 2019 Australia shipped 159 tonnes of beeswax. For 2019 alone, the interest in Australia beeswax (processed category) has reduced, recording a change of -43.617 % compared to the year 2018. Between 2017 and 2019, beeswax' exports decreased by -17.19 percent netting the country US$3.45m for the year 2019. Australia's beeswax exports are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
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Australia beeswax export values
In 2019, Australia supplied beeswax costing 3.45m USD, a drop of -17.82% from 2018's total beeswax export of 4.198m USD. The annual reduction in value of Australia beeswax between 2017 to 2018 was 71.838 pc.
The annual change in the volume of Australia's beeswax exports between 2017 and 2019 was -17.19 pc compared to a variation of -43.617% in the period between 2018 and 2019.
Australia's portion of the world's total beeswax' exports in 2019 was less than 1%. Australia is ranked number 46 in world exports of beeswax.
Export markets for Australia beeswax ( in '000$ )
Australia's top export markets for beeswax are Fiji, Romania, Chile, Cuba and United Arab Emirates (UAE).
Import/Export Trends
Australia is a net importer of beeswax. The annual growth of Australia beeswax in value between 2015 to 2019 was 234%, per annum, while annual growth in quantity during the same period was 68%, per annum.
Australia purchased 450 tonnes of beeswax in 2019.