NEW YORK, March 24, 2022 (Globe Newswire) — Indexbox just published a new report: ‘World – Honey – Market Analysis, Forecast, Size, Trends & Insights’, Here is a summary of the report’s key findings.
Honey Market Statistics
| Import | USD 2,612.4 million |
| export | USD 2,612.3 million |
| top importer | America, Germany, Japan |
| top exporter | Brazil, Argentina, India |
honey market size
The global honey market was estimated at $X in 2021, an increase of X% over the previous year. Market value grew at an average annual rate of +X% over the period 2007 to 2021; The trend pattern indicated some notable volatility to be recorded over the years. The pace of growth was the fastest in 2008, with an increase of X% over the previous year. Global consumption reached $X in 2018; Later, it leveled off by 2021. request free data
honey production
In value terms, honey production declined marginally to $X in 2021 with export prices projected. Total production value grew at an average annual rate of +X% from 2007 to 2021; The trend pattern indicated some notable volatility to be recorded over the years. The most prominent rate of growth was recorded in 2008 when production volumes increased by X% year-on-year. In the reporting period, global production reached a peak of $X in 2018; However, from 2019 to 2021, production remained at a low figure. request free data
production by country
China (X tons) remains the largest honey producer in the world, comprising approx. X% of the total quantity. In addition, honey production in China is four times higher than the figures recorded by the second largest producer, Turkey (X tons). Ukraine (X tons) is in third place in terms of total production with X% share. request free data
From 2007 to 2021, the average annual growth rate of volume in China was +X%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+X%) and Ukraine (+X%) per year.
honey export
export
In 2021, overseas honey shipments grew by X% to X tons, rising for the second year in a row after two years of decline. In the period under review, total exports indicated a spectacular expansion from 2007 to 2021: its volume grew at an average annual rate of +X% over the period of the last fourteen years. However, the trend pattern indicated some notable volatility recorded during the period of analysis. Based on data for 2021, exports grew by +X% over 2019 indices. The pace of growth appeared fastest in 2020 when exports grew by X% annually. In the period under review, global exports peaked in 2021 and are likely to see steady growth in the near future.
In value terms, honey exports increased significantly to $X in 2021. In general, total exports indicated a major expansion from 2007 to 2021: its value grew at an average annual rate of +X% over the period of the last fourteen years. However, the trend pattern indicated some notable volatility recorded during the period of analysis. Based on data for 2021, exports grew by +X% over 2019 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% over the previous year. In the period under review, global exports hit a record high in 2021 and are expected to maintain growth in the coming years.
export by country
China (X tonnes) and Brazil (X tonnes) represented the main exporters of honey in 2021, accounting for close to X% and X% of total exports, respectively. India (X tonnes) occupied the next position in the ranking, followed by Argentina (X tonnes), Ukraine (X tonnes) and Vietnam (X tonnes). All these countries held together approx. X% share of total exports. The following exporters – Spain (X tonnes), Germany (X tonnes), Mexico (X tonnes), Belgium (X tonnes), Poland (X tonnes), Hungary (X tonnes) and Uruguay (X tonnes) – together contributed X% given the size of total exports.
From 2007 to 2021, the most notable rates of growth in terms of shipments to major exporting countries were achieved by Poland, while other global leaders experienced a more modest pace of growth in exports.
In terms of value, the largest worldwide honey supplying countries were Brazil ($X), Argentina ($X) and India ($X), with a combined X% share of global exports. Germany, China, Spain, Ukraine, Mexico, Hungary, Belgium, Vietnam, Poland and Uruguay were somewhat behind, accounting for a and x saw the highest growth rate of the value of exports, in terms of the main exporting countries. In. In the reporting period, shipments to other global leaders experienced a more modest pace of growth.
export value by country
The average honey export price was $X per tonne in 2021, with an increase of X% over the previous year. In the period from 2007 to 2021, it grew at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export value increased by X% year-on-year. Global export value reached an all-time high of $X per tonne in 2014; However, from 2015 to 2021, export prices remained at lower figures.
There were significant differences in average prices between the major exporting countries. In 2021, the country with the highest price was Hungary ($X per tonne), while China ($X per tonne) was the lowest.
From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Mexico, while other global leaders experienced a more modest pace of growth.
honey import
Import
In 2021, overseas purchases of honey rose by X% to X tonnes, rising for the second year in a row after two years of decline. In the period under review, total imports indicated a direct increase from 2007 to 2021: its volume grew at an average annual rate of +X% over the past fourteen years. However, the trend pattern indicated some notable volatility recorded during the period of analysis. Based on data for 2021, imports increased by +X% against 2019 indices. The pace of growth appeared fastest in 2020 when imports grew by X% year-on-year. Global imports peaked in 2021 and are likely to continue to grow in the near future.
In value terms, honey imports expanded significantly by $X in 2021. Overall, total imports indicated a flexible expansion from 2007 to 2021: its value grew at an average annual rate of +X% over the past fourteen years. However, the trend pattern indicated some notable volatility recorded during the period of analysis. Based on data for 2021, imports increased by +X% against 2019 indices. The pace of growth was fastest in 2008 when imports grew by X% year-on-year. During the period under review, global imports hit a peak figure in 2021 and are likely to witness steady growth in the near future.
import by country
In 2021, the US (X tons) represented the major importer of honey, accounting for X% of total imports. Germany (X tons) occupied X% share (in tonne basis) of total imports, placing it in second place, followed by Japan (X%), UK (X%), Poland (X%) and Spain (X) is the position of , The following importers – Belgium (X tonnes), France (X tonnes), Italy (X tonnes), Saudi Arabia (X tonnes) and the Netherlands (X tonnes) – together made up X% of total imports.
Imports into the US grew at an average annual rate of +X% from 2007 to 2021. At the same time, Poland (+X%), Belgium (+X%), Spain (+X%), Italy (+X%) , Saudi Arabia (+X%), Netherlands (+X%), UK (+ X%), Japan (+X%) and France (+X%) showed positive growth momentum. In addition, Poland emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2021. Germany experienced a relatively flat trend pattern. While the share of Poland (+X pp), the US (+X pp), Belgium (+X pp) and Spain (+X pp) increased significantly in terms of global imports from 2007-2021, France’s (-X pp) PP), Japan (-X PP) and Germany (-X PP) displayed negative dynamics. Shares in other countries remained relatively stable during the period of analysis.
In terms of value, the US ($X) is the largest market for imported honey worldwide, comprising X% of global imports. The second place in the ranking was occupied by Germany ($X), which accounted for X% of global imports. It was followed by Japan, with an X% share.
From 2007 to 2021, the average annual growth rate of value in the US was +X%. The remaining importing countries recorded the following average annual rates of import growth: Germany (+X% p.a.) and Japan (+X% p.a.).
import value by country
In 2021, the average import price of honey was $X per tonne, an increase of X% over the previous year. Over the past fourteen years, it has grown at an average annual rate of +X%. The most prominent rate of growth was the year 2008 registered a growth of X%. Global import prices hit an all-time high of $X per tonne in 2014; However, from 2015 to 2021, import prices remained somewhat lower.
Prices vary greatly by country of destination; The country with the highest price was Saudi Arabia ($X per tonne), while Spain ($X per tonne) was the lowest.
From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Japan, while other global leaders experienced a more modest pace of growth.
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