We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Pricing
Resources
Store
About us
Request a Demo Go to the Platform
en
中文 de es fr tr
Loading...
Blog → Food Products → Other Food Products → Honey
U.S. - Honey - Market Analysis, Forecast, Size, Trends and Insights
Latest Report Update: Jun 1, 2023

U.S. - Honey - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Article Publishing Date: Apr 29, 2023

The Average Price of American Honey is $3,203 per Ton

U.S. Honey Import Price in February 2023

In February 2023, the honey price amounted to $3,203 per ton (CIF, US), standing approximately at the previous month. Overall, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 5.1% month-to-month. The import price peaked at $3,949 per ton in April 2022; however, from May 2022 to February 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($5,304 per ton), while the price for Vietnam ($1,550 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Import Price of Honey in U.S. (USD per ton)
Canada4,6665,3935,5645,1005,1683,8064,9875,5545,2025,1886,3706,1915,304
Mexico4,1464,0344,1824,2354,3574,3574,1974,0944,0774,0343,9383,7633,765
Brazil3,9773,8753,8643,7543,6683,5673,6663,6883,7393,8013,8213,6533,671
Uruguay3,7844,1153,7723,6143,5983,6433,5523,5913,4413,5233,4153,5773,373
Argentina3,7803,7993,7303,5493,5803,6613,6373,5363,5303,5353,4653,5073,371
UkraineN/A3,2593,2163,2163,3193,8463,3963,9153,2552,8233,0042,7502,755
India2,6712,8773,0523,0092,9342,9502,8552,9132,8562,7002,6592,6462,575
Turkey4,1232,5023,7443,0801,9992,5932,6762,6332,7402,7012,2032,7292,420
VietnamN/AN/AN/A1,3291,2891,4931,6411,5751,5971,5571,5621,5961,550
Average3,8883,7803,9493,9163,7023,5823,3023,4493,1873,3493,2053,2073,203

U.S. Honey Imports

In February 2023, approximately 12K tons of honey were imported into the United States; with a decrease of -22.3% compared with the month before. Overall, total imports indicated a pronounced increase from February 2022 to February 2023: its volume increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, imports decreased by -48.2% against October 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 120% m-o-m.

In value terms, honey imports dropped markedly to $39M (IndexBox estimates) in February 2023. Over the period under review, total imports indicated a mild increase from February 2022 to February 2023: its value increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, imports decreased by -40.5% against August 2022 indices. The pace of growth was the most pronounced in March 2022 when imports increased by 114% against the previous month.

U.S. Honey Imports by Country

India (3.7K tons), Argentina (2.8K tons) and Brazil (1.3K tons) were the main suppliers of honey imports to the United States, together comprising 65% of total imports. These countries were followed by Vietnam, Turkey, Uruguay, Ukraine, Mexico and Canada, which together accounted for a further 27%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest honey suppliers to the United States were Argentina ($9.6M), India ($9.5M) and Brazil ($4.9M), with a combined 62% share of total imports. Vietnam, Uruguay, Turkey, Mexico, Ukraine and Canada lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Vietnam, with a CAGR of +17.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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:
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  This Chapter is Available Only for the Professional Edition PRO
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 PRODUCT

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022

Recommended posts

India's Honey Price Drops 6%, Averaging $2,508 per Ton
Jan 7, 2023
216
U.S. Honey Price Contracts 8% to $3.3K per Ton
Oct 28, 2022
476
Honey Market Price per Ton April 2022
Jul 4, 2022
555
Honey Imports in the EU Shot Up During the Pandemic
Jul 14, 2021
554
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET

• • •
© 2023 IndexBox, Inc