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South Africa - Honey - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jul 9, 2018

Honey Market in South Africa to Reach 3.5K Tonnes by 2025

IndexBox has just published a new report "South Africa: Honey - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Honey Consumption in South Africa Soared in the Last Year due to Increasing Supply of Cheap Honey from China

In 2016, the honey market surged to X tonnes, which was X tonnes (or X%) more than the year before. In value terms, it reached $X. From 2007 to 2016, the honey market in South Africa demonstrated an overall upward trend with some wild fluctuations, growing by +X% per year in physical terms and by +X% in value terms (IndexBox estimates). The honey consumption volume increased due to the inflow of a large amount of honey from China. On the one hand, cheap imports from China stimulate consumption, but on the other hand, a sharp increase in shipments from this country may be short-lived.

Honey Market Is Expected to Reach X Tonnes by 2025

As per capita honey consumption in South Africa remains below the world average and significantly below some African countries, the South African market is still far from saturation. Moreover, honey can be consumed not only as a final consumption product, but also used for the production of food products, medicine and cosmetics. 

Due to the modest forecast growth of the South African economy at + X% per annum, the income of the population in general will also grow at a minimal rate, which suggests very modest opportunities for growth in demand for honey, keeping in mind that honey is not a necessity product. 

Thus, according to forecasts, the honey market is expected to grow with an anticipated CAGR of +X% for the period between 2017 and 2025, which will bring the market volume to X tonnes by 2025.

Honey Output in South Africa Remains Relatively Flat

Production of honey in South Africa accounted for X tonnes in 2016, remaining relatively stable over the period under review. In value terms, it stood at $X, with a X% growth over the last year. Previously, it had an upward trend from 2009 to 2012 and then declined marginally over the next three years, before a sharp growth.

X% of Honey Consumption in South Africa Was Provided by Imports from China

South Africa has actively increased the volume of imports, which is cheaper than domestic products. This increased the share of imports in consumption from X% to X% in physical terms, or from X% to X% in value terms. Moreover, since the volume of domestic production is fairly stable, the main growth in consumption could be explained by the increase in imports. Thus, the honey market in South Africa is heavily dependent on imports, especially from Chinese suppliers, who have captured X% of the honey market in South Africa.

Honey Exports from South Africa Remains Small and Fluctuate Significantly

In 2016, the volume of exports from South Africa totalled X tonnes, which was equal to $X, with a mixed trend pattern over the last few years. Namibia (X tonnes) and Botswana (X tonnes) were the main export destinations of honey from South Africa, with a combined share of X% of global exports. They were followed by Lesotho (X%), Mozambique (X%), Hong Kong (X%), Sri Lanka (X%) and the UAE (X%). During the period under review, South Africa consistently exported honey only to Mozambique, with the exports volumes gradually increasing. Increase in exports is also typical for other countries, however, most of the exports began after 2010.

China Was the Main Supplier of Honey into South Africa

The volume of imports into South Africa surged by X% totalling X tonnes in 2016. In value terms, it amounted to $X with X% over the last year. There was an overall upward trend of imports in physical and value terms.   

In 2016, China (X tonnes), distantly followed by Zambia (X tonnes), the U.S. (X tonnes), Uruguay (X tonnes) and New Zealand (X tonnes) were the leading suppliers of honey imports into South Africa. From 2007 to 2016, the major suppliers China (+X% per year), Zambia (+X%), the U.S. (+X%) and Uruguay (+X% per year) gained a positive annual growth rates. The share of China increased significantly from X% in 2007 to X% in 2016; the share of Zambia (+X percentage points) also demonstrated  growth, while Brazil reduced its share by X percentage points. The shares of the other countries remained relatively stable throughout the analysed period. 

Do you want to know more about the honey market in South Africa? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • honey market share
  • honey prices
  • honey industry
  • honey sales
  • honey import
  • honey export
  • honey market forecast
  • honey price forecast

Source: IndexBox AI Platform

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in South Africa. 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.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
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
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007-2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2018
Figure 5:
Trade Balance, In Physical Terms, 2007-2018
Figure 6:
Trade Balance, In Value Terms, 2007-2018
Figure 7:
Per Capita Consumption, 2007-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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