Non-vegetable waxes market in Oceania

Earlier Report Observations

The non-vegetable waxes market in Oceania experienced significant volume shifts between 2018 and 2020, driven largely by international trade flows and beekeeping conditions. A surge in global demand for beeswax in 2018 elevated prices and highlighted Australia's role as a major producer. The following year, increased access to cheaper imports, particularly from China, made the country a net importer and swelled the market volume to a peak of 838 tons. This expansion was tempered in 2020 as difficult conditions for apiarists, including widespread pesticide use in agriculture, constrained domestic production and contributed to a market contraction.

Market volume proved volatile in the subsequent period, declining to 742 tons in 2021 before recovering to 824 tons in 2022. These movements corresponded with fluctuations in import and export levels while domestic production remained relatively stable.

A pivotal change occurred in 2023 when updated European Union export certification requirements, specifically a new electronic certificate for edible beeswax in cosmetics, facilitated overseas shipments. This triggered a sharp rise in exports to 423 tons, which combined with steady import levels, reduced the domestic market volume to 606 tons. Concurrently, consumer preference shifted toward natural and sustainable beeswax products in cosmetics and hair styling. In 2024, further streamlining of EU export procedures and reported challenges in bee wintering continued to shape the supply landscape.

Production non-vegetable waxes in Oceania

In kind, 2017-2020, t

Top producers of non-vegetable waxes, 2017-2020

World map of production of non-vegetable waxes, 2017-2020

Oceania's production of non-vegetable waxes declined for the third consecutive year. In 2020, the region produced 550.0 tonnes, showing only a marginal fluctuation compared to the previous year.

Annual dynamics of production in Oceania in kind, 2017-2020, t

Exports non-vegetable waxes from Oceania

Exports in kind, t

Oceania's exports of non-vegetable waxes declined for the second consecutive year. In 2020, the region exported 153.8 tonnes, marking a 15.7% decrease from 2019. Over the period from 2017 to 2020, exports fell by 31.2%, with an average annual decline of 11.7%. The highest export volume was recorded in 2018 at 281.5 tonnes, which represented a 26.0% increase from the previous year. The largest decline occurred in 2019, with a drop of 35.2%.

Annual dynamics of product's exports from Oceania in kind, 2017-2020, t

From 2017 to 2020, Germany and Japan were the primary destinations for Oceania's non-vegetable wax exports, together accounting for 80.1% of total shipments. Other partners each held significantly smaller shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Oceania in kind, 2017-2020

Exports in value, K $ US

Oceania's export value of non-vegetable waxes declined for the second consecutive year. In 2020, exports amounted to 1 884 thousand US dollars, representing a sharp decline of 50.3% from the previous year. Over the period from 2017 to 2020, export value decreased by 31.8%, with an average annual decline of 12.0%. The peak value was recorded in 2018 at 4 198 thousand US dollars, which was a 52.1% increase from the prior year.

Annual dynamics of product's exports from Oceania in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Japan, and the United States remained the key partners for Oceania's non-vegetable wax exports in value terms. Germany accounted for 43.2% of exports, Japan for 35.8%, and the United States for 14.0%, together making up 93.1% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Oceania in value, 2017-2020

Imports non-vegetable waxes to Oceania

Imports in kind, t

After two years of growth, Oceania's imports of non-vegetable waxes declined. In 2020, the region imported 414.6 tonnes, which was 11.6% lower than the previous year. Between 2017 and 2020, imports increased by 19.8%, equating to an average annual growth rate of 6.2%. The highest import volume was recorded in 2019 at 469.1 tonnes, while the largest increase occurred in 2018 with a rise of 24.7%.

Annual dynamics of product's imports to Oceania in kind, 2017-2020, t

From 2017 to 2020, China was the main source for non-vegetable wax imports into Oceania, accounting for 70.8% of total imports in volume. Other origins were much less significant.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Oceania in kind, 2017-2020

Imports in value, K $ US

Oceania's import value of non-vegetable waxes declined for the second consecutive year. In 2020, imports totaled 3 097 thousand US dollars, corresponding to a year-on-year drop of 19.4%. The highest value was recorded in 2018 at 3 994 thousand US dollars, which represented a 27.1% increase from the previous year.

Annual dynamics of product's imports to Oceania in value, 2017-2020, K $ US

From 2017 to 2020, China, the United States, and India remained the primary sources for Oceania's non-vegetable wax imports in value terms. China accounted for 66.1% of imports, the United States for 10.9%, and India for 7.1%, together comprising 84.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Oceania in value, 2017-2020