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World - Honey - Market Analysis, Forecast, Size, Trends and Insights
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The global honey market is expected to experience continued growth in both volume and value over the next eight years, with a forecasted CAGR of +2.3% and +4.6% respectively. In 2022, global consumption reached 1.9M tons, while market value expanded rapidly to $6.9B. China, the United States, and Turkey were the top consuming countries, while China led in production volume. Honey imports and exports also saw growth, with the United States being a key importer and China a major exporter. Overall, the market is projected to see sustained growth in the coming years.
Market Forecast
Driven by increasing demand for honey worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 2.3M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $9.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Honey
In 2022, global consumption of honey stood at 1.9M tons, growing by 4.7% against the previous year. The total consumption volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Global consumption peaked at 1.9M tons in 2016; afterwards, it flattened through to 2022.
The global honey market value expanded rapidly to $6.9B in 2022, picking up by 6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (310K tons), the United States (252K tons) and Turkey (101K tons), with a combined 35% share of global consumption. Iran, Germany, Russia, the UK, France, Japan, Spain, Mexico, Poland and Canada lagged somewhat behind, together accounting for a further 28%.
From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest honey markets worldwide were the United States ($853M), China ($609M) and Turkey ($403M), with a combined 27% share of the global market. Germany, France, Russia, Japan, Iran, the UK, Mexico, Canada, Spain and Poland lagged somewhat behind, together accounting for a further 24%.
Poland, with a CAGR of +5.3%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of honey per capita consumption in 2022 were Turkey (1,183 kg per 1000 persons), Poland (956 kg per 1000 persons) and Germany (951 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Poland (with a CAGR of +6.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Honey
In 2022, approx. 1.9M tons of honey were produced worldwide; with an increase of 4.7% against the previous year. The total output volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, global production hit record highs at 1.9M tons in 2017; afterwards, it flattened through to 2022.
In value terms, honey production fell to $6.4B in 2022 estimated in export price. Overall, production recorded a modest increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $7.4B. From 2017 to 2022, global production growth failed to regain momentum.
Production By Country
China (462K tons) constituted the country with the largest volume of honey production, comprising approx. 25% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (118K tons), fourfold. India (88K tons) ranked third in terms of total production with a 4.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+2.9% per year) and India (+4.0% per year).
Imports
World Imports of Honey
In 2022, supplies from abroad of honey increased by 2% to 783K tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, honey imports amounted to $2.8B in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18%. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the near future.
Imports By Country
The United States was the key importing country with an import of about 206K tons, which reached 26% of total imports. Germany (75K tons) held a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by the UK (6.6%), Japan (6%), Belgium (5.1%), Spain (4.8%) and France (4.5%). Poland (32K tons), Italy (25K tons), Saudi Arabia (23K tons), the Netherlands (18K tons), Portugal (14K tons) and the United Arab Emirates (13K tons) took a minor share of total imports.
From 2012 to 2022, average annual rates of growth with regard to honey imports into the United States stood at +3.8%. At the same time, Portugal (+23.6%), the United Arab Emirates (+16.4%), Poland (+8.4%), Belgium (+6.7%), Spain (+6.0%), Italy (+5.0%), the UK (+4.5%), France (+3.3%), the Netherlands (+3.2%), Saudi Arabia (+3.2%) and Japan (+2.5%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the world, with a CAGR of +23.6% from 2012-2022. By contrast, Germany (-1.4%) illustrated a downward trend over the same period. While the share of Germany (-6.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($732M) constitutes the largest market for imported honey worldwide, comprising 26% of global imports. The second position in the ranking was held by Germany ($304M), with an 11% share of global imports. It was followed by Japan, with a 6.1% share.
From 2012 to 2022, the average annual growth rate of value in the United States stood at +5.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and Japan (+4.8% per year).
Import Prices By Country
In 2022, the average honey import price amounted to $3,538 per ton, picking up by 2.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. Global import price peaked at $3,725 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($4,286 per ton), while Poland ($2,246 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Honey
In 2022, shipments abroad of honey increased by 2% to 758K tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 17% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, honey exports reached $2.7B in 2022. The total export value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. The global exports peaked in 2022 and are likely to continue growth in years to come.
Exports By Country
In 2022, China (156K tons), distantly followed by India (86K tons), Argentina (72K tons), Ukraine (48K tons) and Brazil (37K tons) were the key exporters of honey, together constituting 53% of total exports. Belgium (32K tons), Spain (28K tons), Mexico (27K tons), Germany (21K tons), Turkey (17K tons), Vietnam (15K tons), Poland (15K tons) and Hungary (15K tons) held a relatively small share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +29.8%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($278M), Argentina ($243M) and India ($229M) appeared to be the countries with the highest levels of exports in 2022, with a combined 28% share of global exports. Ukraine, Brazil, Germany, Spain, Mexico, Belgium, Hungary, Vietnam, Poland and Turkey lagged somewhat behind, together accounting for a further 36%.
Among the main exporting countries, Turkey, with a CAGR of +22.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average honey export price amounted to $3,558 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12% against the previous year. The global export price peaked at $3,796 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($5,861 per ton), while China ($1,780 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global honey market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1182 - Honey
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2016, the market value of honey totaled $X. A slight drop in 2009 was followed by a sharp increase over the period from 2010-2013. However, the market value declined over the next two years, which was then followed by a recovery in 2016. Equall
Global honey consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global honey imports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
In 2015 the global honey market value totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011.
Global honey market production was estimated at X million USD in 2015, which was X million USD (or X%) below the peak production level of 2013.
The value of total imports on the global honey market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of honey reached X thousand tons in 2015, which was X tho
In 2015, the global market value of honey totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011. The next four years were characterized by mixed dynamics. In physical terms, the market showed gradual increase ov
From 2007 to 2015, global exports of honey grew by +X% per year, amounting to X million USD in 2015. In physical terms, they reached X thousand tons in 2015, which was X thousand tons more than the year before.
Honey is predominantly consumed in its unprocessed state, in other words - in a liquid, crystallized form or in the comb. Containing a complex of naturally flavored sugars as well as trace enzymes, minerals, vitamins, and amino acids, honey is consumed