In 2023, India led global beeswax production with a substantial share, while Ethiopia and Argentina also contributed significantly. South Korea exhibited a notable increase, whereas the United States and Mexico saw declines. Over the past five years, countries like India, Ethiopia, and Uruguay experienced positive CAGR, while others like Mexico and Morocco showed negative trends. Nations such as Kenya and Angola had minor reductions or modest growth, indicating varied performance across regions.
Looking forward, keep an eye on South Korea's increasing output, driven by innovative apiculture practices. Monitoring shifts in production shares, particularly in key African nations, is crucial, as they may impact global market dynamics.
Top countries in Beeswax Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 39.19 | 2023 | +0.97% | +1.14% | View data |
| 2 | 2 Ethiopia | 9.11 | 2023 | +1.74% | +1.96% | View data |
| 3 | 3 Argentina | 7.69 | 2023 | +0.84% | +0.39% | View data |
| 4 | 4 South Korea | 5.95 | 2023 | +0.95% | +3.3% | View data |
| 5 | 5 Kenya | 3.83 | 2023 | -0.029% | -0.022% | View data |
| 6 | 6 Angola | 3.52 | 2023 | +0.032% | +0.0095% | View data |
| 7 | 7 Tanzania | 2.91 | 2023 | +0.4% | +0.31% | View data |
| 8 | 8 Brazil | 2.7 | 2023 | +0.29% | +0.22% | View data |
| 9 | 9 United States | 2.36 | 2023 | -0.62% | -0.47% | View data |
| 10 | 10 Mexico | 2.31 | 2023 | +0.4% | -2% | View data |
