In 2023, the UK imported roughly 885 thousand kilograms of beeswax, other insect waxes, and spermaceti. The forecast for 2024 to 2028 indicates a steady annual increase in import volume, with values ranging from 889.4 to 905.93 thousand kilograms. The year-on-year growth is relatively stable, around 0.5% to 0.8%. The CAGR is approximately 0.6% over the forecasted period, reflecting a consistent demand increase.

Future trends to watch for include:

Potential shifts in consumer preferences towards natural and organic products could drive higher demand for beeswax and insect waxes.
Regulatory changes or trade policies impacting importation costs or availability.
Evolving sustainability trends affecting production and supply chains of natural waxes.