What is the price of beeswax per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong beeswax is between US$ 2.12 and US$ 4.66 per kilogram or between US$ 0.96 and US$ 2.12 per pound(lb). Click here to see today's exact prices of beeswax in Hong Kong
The retail price range in Hong Kong Dollar for beeswax is between HKD 16.53 and HKD 36.46 per kilogram or between HKD 7.50 and HKD 16.54 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong beeswax is between US$ 1.48 and US$ 3.27 per kilogram or between US$ 0.67 and US$ 1.48 per pound(lb).
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Hong Kong Beeswax Export Prices - Historical, Trends and Prediction
The export price of Beeswax from Hong Kong has seen a steady increase over the past five years. In 2019, the export price per kilogram was $2.90, which increased to $3.20 in 2020. This trend continued in 2021, with the export price per kilogram reaching $3.50. In 2022, the export price per kilogram rose to $3.80, and is expected to reach $4.10 in 2023 and $4.40 in 2024. This represents an overall increase of 47.6% in the export price per kilogram of Beeswax from Hong Kong over the past five years.The beeswax exports from Hong Kong are classified as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
Hong Kong Beeswax Import Prices - Historical, Trends and Prediction
The import price of Beeswax into Hong Kong has seen a steady increase over the past five years. In 2019, the price per kilogram was $2.45, a slight increase from the previous year's price of $2.35. In 2020, the price rose to $2.60, a 7.3% increase from the previous year. 2021 saw a further increase to $2.75, a 5.8% increase from the previous year. 2022 saw a slight decrease to $2.70, a 2.2% decrease from the previous year. Finally, in 2023, the price rose again to $2.80, a 3.7% increase from the previous year. Overall, the import price of Beeswax into Hong Kong has seen a steady increase over the past five years, with the price per kilogram rising from $2.35 in 2019 to $2.80 in 2023. Based on this trend, it is likely that the price will continue to increase in the coming years, with an estimated price of $2.90 in 2024.Export values for Hong Kong beeswax
The total values in export for beeswax in Hong Kong were US$ 381, US$ 371, US$ 435 and US$ 206 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of beeswax in other countries across Asia: Kazakhstan beeswax, Kyrgyzstan beeswax, Tajikistan beeswax, Turkmenistan beeswax, Uzbekistan beeswax, China beeswax, Hong Kong beeswax, Macao beeswax, North Korea beeswax & Mongolia beeswax.
Hong Kong beeswax - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 26 tonnes of beeswax. In 2019 alone, the market for Hong Kong beeswax (processed category) has shrunk, with a change of -35 percent compared to the year 2018. Between 2017 and 2019, beeswax' exports went down by -36.59% earning Hong Kong US$0.21m for the year 2019. Hong Kong's beeswax exports are categorised as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
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Hong Kong beeswax export values
In 2019, Hong Kong exported beeswax worth 0.21m USD, a contraction of -51.72% from 2018's total beeswax export of 0.435m USD. The yearly reduction in value of Hong Kong beeswax between 2017 to 2018 was 17.251 pc.
The annual/yearly change in the amount of Hong Kong's beeswax exports between 2017 and 2019 was -36.59 percent when compared to a variation of -35% in the growth rate between 2018 and 2019.
Hong Kong's stake of the world's total beeswax' exports in 2019 was 1 per cent. The country is ranked position 19 in world exports of beeswax.
Export markets for Hong Kong beeswax ( in '000$ )
Hong Kong's best performing export markets for beeswax are China, Vietnam, Australia, Sweden and Madagascar.
Import/Export Trends
Hong Kong is a net importer of beeswax. The annual growth of Hong Kong beeswax in value between 2015 to 2019 was -24%, per year, while annual growth in quantity through the same period was -23%, per annum.
Hong Kong ordered 51 tonnes of beeswax in 2019.