U.S. - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in the United States - 2023
Contents:
- Honey Price in the United States (CIF) - 2023
- Honey Price in the United States (FOB) - 2023
- Honey Imports in the United States
- Honey Exports in the United States
Honey Price in the United States (CIF) - 2023
The average honey import price stood at $2,539 per ton in October 2023, with an increase of 4% against the previous month. In general, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in November 2022 an increase of 5.1% month-to-month. As a result, import price attained the peak level of $3,349 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($4,721 per ton), while the price for Vietnam ($1,272 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the prices for the other major suppliers experienced a decline.
Honey Price in the United States (FOB) - 2023
The average honey export price stood at $3,116 per ton in October 2023, surging by 2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 25% against the previous month. As a result, the export price attained the peak level of $3,538 per ton. From July 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($8,498 per ton), while the average price for exports to Taiwan (Chinese) ($2,427 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Honey Imports in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of honey, when their volume decreased by -6.5% to 206K tons. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of 220K tons, and then reduced in the following year.
In value terms, honey imports surged to $732M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Honey in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 85.7 | 57.6 | 114 | 194 | 31.3% |
| Argentina | 83.0 | 92.9 | 150 | 153 | 22.6% |
| Brazil | 57.6 | 69.6 | 118 | 105 | 22.2% |
| Mexico | 10.6 | 9.5 | 16.1 | 49.4 | 67.0% |
| Uruguay | 2.8 | 7.5 | 13.5 | 31.2 | 123.4% |
| Canada | 25.3 | 14.4 | 13.9 | 29.3 | 5.0% |
| Vietnam | 52.1 | 60.4 | 81.4 | 22.0 | -25.0% |
| Turkey | 4.5 | 5.7 | 8.3 | 17.5 | 57.3% |
| Ukraine | 17.5 | 19.0 | 12.8 | 14.4 | -6.3% |
| Taiwan (Chinese) | 3.0 | 1.6 | 2.1 | 5.5 | 22.4% |
| Others | 88.0 | 79.8 | 98.4 | 110 | 7.7% |
| Total | 430 | 418 | 629 | 732 | 19.4% |
Top Suppliers of Honey to the United States in 2022:
- India (67.6K tons)
- Argentina (42.5K tons)
- Brazil (28.2K tons)
- Vietnam (14.2K tons)
- Mexico (11.8K tons)
- Uruguay (8.5K tons)
- Turkey (6.6K tons)
- Canada (5.8K tons)
- Ukraine (4.4K tons)
- Taiwan (Chinese) (3.1K tons)
Honey Exports in the United States
In 2022, approx. 10K tons of honey were exported from the United States; with an increase of 16% compared with the year before. The total export volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, honey exports expanded sharply to $32M in 2022. The total export value increased at an average annual rate of +11.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Honey in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.8 | 10.8 | 11.9 | 17.8 | 18.1% |
| South Korea | 2.2 | 4.3 | 5.6 | 3.1 | 12.1% |
| Japan | 2.2 | 1.4 | 2.1 | 2.1 | -1.5% |
| Philippines | 1.6 | 1.9 | 0.9 | 2.0 | 7.7% |
| Kuwait | 1.0 | 1.1 | 0.9 | 1.0 | 0.0% |
| Taiwan (Chinese) | 1.3 | 1.3 | 2.1 | 0.9 | -11.5% |
| Hong Kong SAR | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| Bahamas | 0.2 | 0.5 | 0.4 | 0.5 | 35.7% |
| Yemen | 0.5 | 0.3 | 0.2 | 0.4 | -7.2% |
| China | 0.4 | 0.5 | 0.7 | 0.1 | -37.0% |
| Others | 3.0 | 3.3 | 3.5 | 3.8 | 8.2% |
| Total | 23.3 | 25.7 | 28.7 | 32.4 | 11.6% |
Top Export Markets for Honey from the United States in 2022:
- Canada (5084.4 tons)
- South Korea (1208.2 tons)
- Philippines (794.8 tons)
- Japan (647.3 tons)
- Kuwait (386.8 tons)
- Taiwan (Chinese) (361.4 tons)
- Yemen (164.0 tons)
- Hong Kong SAR (154.7 tons)
- Bahamas (152.5 tons)
- China (38.8 tons)
This report provides an in-depth analysis of the honey market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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In Feb 2023, honey prices per ton (CIF, US) stayed roughly the same at $3,203
985
In August 2022, the honey price per ton stood at $3.3K (CIF, US), which is down by -7.8% against the previous month.
1185
In Apr 2022, the average import honey import price per ton amounted to $3,949, growing by 4.5% against the previous month.
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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
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Global honey consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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Global honey imports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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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.
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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.
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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
