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Australia - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in Australia - 2023
Contents:
- Honey Price in Australia (FOB) - 2023
- Honey Price in Australia (CIF) - 2023
- Honey Exports in Australia
- Honey Imports in Australia
Honey Price in Australia (FOB) - 2023
In September 2023, the average honey export price amounted to $8,963 per ton, increasing by 40% against the previous month. In general, export price indicated a modest expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, honey export price decreased by -15.4% against July 2023 indices. The pace of growth was the most pronounced in March 2023 an increase of 50% against the previous month. Over the period under review, the average export prices attained the peak figure at $10,591 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($37,875 per ton), while the average price for exports to Malaysia ($4,881 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Honey Price in Australia (CIF) - 2023
The average honey import price stood at $4,427 per ton in September 2023, dropping by -15.1% against the previous month. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 98% month-to-month. The import price peaked at $7,536 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was New Zealand ($17,169 per ton), while the price for Malaysia ($1,527 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Honey Exports in Australia
In 2022, approx. 5.1K tons of honey were exported from Australia; increasing by 369% against 2021 figures. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, honey exports skyrocketed to $41M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Honey in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,283 | 1,309 | 749 | 7,788 | 82.4% |
United States | 729 | 558 | 644 | 4,932 | 89.1% |
Japan | 160 | 454 | 487 | 3,729 | 185.6% |
United Arab Emirates | 556 | 463 | 449 | 3,453 | 83.8% |
Singapore | 344 | 528 | 445 | 3,411 | 114.8% |
Canada | 316 | 310 | 403 | 3,091 | 113.9% |
Indonesia | 19.1 | 178 | 351 | 2,688 | 420.2% |
Malaysia | 181 | 229 | 266 | 2,035 | 124.0% |
Hong Kong SAR | 238 | 298 | 224 | 1,782 | 95.6% |
United Kingdom | 164 | 106 | 154 | 1,179 | 93.0% |
Oman | 152 | 122 | 107 | 896 | 80.6% |
Philippines | 74.5 | 109 | 94.5 | 724 | 113.4% |
Mauritius | 96.8 | 97.1 | 79.4 | 641 | 87.8% |
Others | 518 | 611 | 590 | 4,899 | 111.5% |
Total | 4,830 | 5,371 | 5,043 | 41,248 | 104.4% |
Top Export Markets for Honey from Australia in 2022:
- United Arab Emirates (1376.8 tons)
- United States (678.9 tons)
- Indonesia (510.0 tons)
- Singapore (397.1 tons)
- China (386.8 tons)
- Japan (280.8 tons)
- Canada (264.6 tons)
- Malaysia (231.8 tons)
- Hong Kong SAR (179.0 tons)
- United Kingdom (138.8 tons)
- Oman (123.0 tons)
- Philippines (80.5 tons)
- Mauritius (78.5 tons)
Honey Imports in Australia
In 2022, purchases abroad of honey decreased by -37.7% to 7.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 20%.
In value terms, honey imports skyrocketed to $41M in 2022. Over the period under review, imports, however, saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Honey in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 12.2 | 12.5 | 8.5 | 25.7 | 28.2% |
China | 2.7 | 3.4 | 3.2 | 7.7 | 41.8% |
Brazil | 0.2 | 1.6 | 1.8 | 4.3 | 178.1% |
Argentina | 0.3 | 0.8 | 0.4 | 1.1 | 54.2% |
Malaysia | 0.1 | N/A | 0.5 | N/A | 123.6% |
Others | 0.3 | 0.9 | 1.1 | 2.2 | 94.3% |
Total | 15.7 | 19.2 | 15.4 | 41.2 | 37.9% |
Top Suppliers of Honey to Australia in 2022:
- China (4.1K tons)
- New Zealand (1.7K tons)
- Brazil (1.3K tons)
- Argentina (0.4K tons)
This report provides an in-depth analysis of the honey market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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Discover the top 10 countries by import value of honey in 2023 and learn about the trends driving the global honey market.
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