What is the price of beeswax per kilogram/pound in Vietnam today?
The retail price range for Vietnam beeswax is between US$ 2.70 and US$ 5.39 per kilogram or between US$ 1.22 and US$ 2.45 per pound(lb). Click here to see today's exact prices of beeswax in Vietnam
The retail price range in Dong for beeswax is between VND 67,430.00 and VND 134,860.00 per kilogram or between VND 30,580.50 and VND 61,161.00 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam beeswax is between US$ 1.89 and US$ 3.78 per kilogram or between US$ 0.86 and US$ 1.71 per pound(lb).
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Vietnam Beeswax Export Prices - Historical, Trends and Prediction
The export price of Beeswax from Vietnam has seen a steady increase over the past five years. In 2014, the export price per kilogram was 8.13 US dollars, and by 2016 it had risen to 9.77 US dollars. This trend continued in 2017, with the export price reaching 10.53 US dollars. The following year, 2018, saw a slight increase to 10.64 US dollars, before dropping to 10.33 US dollars in 2019. The most recent year, 2020, saw a decrease to 9.38 US dollars. Based on this data, it is likely that the export price of Beeswax from Vietnam will remain around the 9.38 US dollar mark in the next few years, with a slight increase to 9.50 US dollars in 2023 and 9.63 US dollars in 2024.Vietnam Beeswax Import Prices - Historical, Trends and Prediction
The import price of Beeswax into Vietnam has seen a steady increase over the past five years. In 2014, the price per kilogram was 8.13 US dollars, and this increased to 9.77 US dollars in 2016. In 2017, the price rose to 10.53 US dollars, and then to 10.64 US dollars in 2018. The price then decreased slightly to 10.33 US dollars in 2019, before dropping to 9.38 US dollars in 2020. Based on this trend, it is likely that the price of Beeswax in Vietnam will continue to increase in the coming years. We can predict that the price in 2023 will be around 11.00 US dollars, and in 2024 it will be around 11.50 US dollars.Export values for Vietnam beeswax
The total values in export for beeswax in Vietnam were US$ 9,264, US$ 7,151, US$ 7,418 and US$ 5,898 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: 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.
Vietnam beeswax - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 571 tonnes of beeswax. In 2019 alone, the interest in Vietnam beeswax (processed category) has reduced, flactuating by -18.077 per cent compared to the year 2018. Between 2017 and 2019, beeswax' exports reduced by -15.91 pc bringing the country US$5.90m for the year 2019. Vietnam's beeswax exports are categorised as:
- Beeswax, other insect waxes and spermaceti, whether or not refined or coloured (HS code 152190)
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Vietnam beeswax export values
In 2019, Vietnam supplied beeswax with a value of 5.90m USD, a contraction of -20.46% from 2018's total beeswax export of 7.418m USD. The yearly change in value of Vietnam beeswax between 2017 to 2018 was 3.734%.
The annual variation in the amount of Vietnam's beeswax exports between 2017 and 2019 was -15.91 per cent compared to a variation of -18.077% in the period between 2018 and 2019.
Vietnam's portion of the world's total beeswax' exports in 2019 was 4.7 percent. The country is ranked number 5 in world exports of beeswax.
Export markets for Vietnam beeswax ( in '000$ )
Import/Export Trends
Vietnam is a net exporter of beeswax. The annual growth of Vietnam beeswax in value between 2015 to 2019 was 35%, per year, while annual growth in quantity during the same period was 37%, per annum.
Vietnam procured 75 tonnes of beeswax in 2019.