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EU - Honey - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jun 23, 2020

The EU Honey Market Slipped Back Slightly to $1.4B

IndexBox has just published a new report: 'EU - Honey - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2019, after two years of growth, there was significant decline in the EU honey market, when its value decreased by -6.1% to $1.4B. The market value increased at an average annual rate of +3.8% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 17% y-o-y. Over the period under review, the market attained the peak level at $1.5B in 2018, and then declined in the following year.

Consumption by Country

The countries with the highest volumes of honey consumption in 2019 were Germany (69K tonnes), France (52K tonnes) and the UK (45K tonnes), with a combined 38% share of total consumption. These countries were followed by Spain, Poland, Italy, Greece, Romania, the Netherlands, Portugal, the Czech Republic and Croatia, which together accounted for a further 47%.

From 2007 to 2019, the biggest increases were in Croatia, while honey consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest honey markets in the European Union were Germany ($214M), France ($184M) and Greece ($133M), with a combined 37% share of the total market. These countries were followed by the UK, Italy, Spain, Romania, Poland, the Netherlands, the Czech Republic, Croatia and Portugal, which together accounted for a further 45%.

The countries with the highest levels of honey per capita consumption in 2019 were Croatia (2.59 kg per person), Greece (2.47 kg per person) and Romania (1.13 kg per person).

Market Forecast 2019-2030 

Driven by increasing demand for honey in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.8% for the period from 2019 to 2030, which is projected to bring the market volume to 533K tonnes by the end of 2030.

Production in the EU

For the third year in a row, the European Union recorded growth in production of honey, which increased by 3.1% to 257K tonnes in 2019. The total output volume increased at an average annual rate of +1.8% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 22% year-to-year. The volume of production peaked in 2019 and is expected to retain growth in the near future.

In value terms, honey production shrank to $1.1B in 2019 estimated in export prices. The total output value increased at an average annual rate of +3.9% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Production by Country

The countries with the highest volumes of honey production in 2019 were Spain (37K tonnes), Romania (31K tonnes) and Hungary (29K tonnes), with a combined 38% share of total production. These countries were followed by Poland, Greece, Germany, France, Bulgaria, Portugal, Croatia, Italy and the Czech Republic, which together accounted for a further 52%.

From 2007 to 2019, the most notable rate of growth in terms of honey production, amongst the main producing countries, was attained by Croatia, while honey production for the other leaders experienced more modest paces of growth.

Exports in the EU

Honey exports expanded to 165K tonnes in 2019, surging by 2.5% on 2018. Total exports indicated a measured increase from 2007 to 2019: its volume increased at an average annual rate of +4.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -4.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. The volume of export peaked at 173K tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, honey exports shrank to $693M (IndexBox estimates) in 2019. Total exports indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +4.1% over the last twelve-year period.

Exports by Country

In 2019, Germany (26K tonnes), Spain (22K tonnes), Hungary (21K tonnes), Belgium (18K tonnes), Poland (17K tonnes), Bulgaria (12K tonnes) and Romania (11K tonnes) was the largest exporter of honey in the European Union, achieving 78% of total export. Portugal (6.5K tonnes), Italy (5K tonnes), France (4.9K tonnes), the UK (3.7K tonnes) and Denmark (3.3K tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest honey supplying countries in the European Union were Germany ($138M), Spain ($89M) and Hungary ($85M), together comprising 45% of total exports. These countries were followed by Belgium, Bulgaria, Romania, Poland, France, the UK, Italy, Denmark and Portugal, which together accounted for a further 46%.

Export Prices by Country

In 2019, the honey export price in the European Union amounted to $4,192 per tonne, with a decrease of -7.8% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2008 when the export price increased by 17% year-to-year. The level of export peaked at $4,844 per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($7,966 per tonne), while Portugal ($1,918 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, after two years of growth, there was decline in purchases abroad of honey, when their volume decreased by -1.2% to 345K tonnes. Total imports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +3.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13% year-to-year. The volume of import peaked at 349K tonnes in 2018, and then shrank in the following year.

In value terms, honey imports contracted to $994M (IndexBox estimates) in 2019. Total imports indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +3.8% over the last twelve years. 

Imports by Country

In 2019, Germany (75K tonnes), distantly followed by the UK (49K tonnes), France (39K tonnes), Poland (30K tonnes), Spain (27K tonnes), Belgium (25K tonnes), Italy (25K tonnes) and the Netherlands (17K tonnes) were the largest importers of honey, together achieving 83% of total imports.

From 2007 to 2019, the biggest increases were in Poland, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest honey importing markets in the European Union were Germany ($228M), France ($138M) and the UK ($111M), with a combined 48% share of total imports. These countries were followed by Italy, the Netherlands, Belgium, Poland and Spain, which together accounted for a further 33%.

Import Prices by Country

The honey import price in the European Union stood at $2,879 per tonne in 2019, which is down by -9.3% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2008 an increase of 27% year-to-year. The level of import peaked at $3,633 per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($4,051 per tonne), while Poland ($2,084 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in the EU. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• 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
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

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

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

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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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