Italy - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in Italy - 2023
Contents:
- Honey Price in Italy (CIF) - 2022
- Honey Price in Italy (FOB) - 2023
- Honey Imports in Italy
- Honey Exports in Italy
Honey Price in Italy (CIF) - 2022
In 2022, the average honey import price amounted to $4,003 per ton, falling by -13% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $4,599 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($5,693 per ton), while the price for China ($1,615 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Honey Price in Italy (FOB) - 2023
In August 2023, the average honey export price amounted to $7,198 per ton, with an increase of 38% against the previous month. Over the period under review, export price indicated a modest expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, honey export price decreased by -9.2% against June 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 46% month-to-month. As a result, the export price attained the peak level of $7,924 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Slovenia ($21,301 per ton), while the average price for exports to Ireland ($2,525 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Honey Imports in Italy
In 2022, approx. 27K tons of honey were imported into Italy; surging by 14% against 2021. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, honey imports reduced to $106M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, imports reached the peak of $107M, leveling off in the following year.
| Import of Honey in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 29.9 | 35.0 | 41.3 | 36.9 | 7.3% |
| Romania | 5.8 | 3.5 | 8.0 | 15.8 | 39.7% |
| Spain | 7.6 | 5.6 | 10.1 | 7.9 | 1.3% |
| Ukraine | 1.8 | 1.9 | 3.6 | 7.2 | 58.7% |
| Poland | 3.1 | 3.1 | 4.9 | 5.6 | 21.8% |
| Argentina | 5.0 | 4.6 | 1.5 | 4.8 | -1.4% |
| Germany | 5.1 | 5.8 | 7.6 | 4.2 | -6.3% |
| France | 3.6 | 4.5 | 4.3 | 3.8 | 1.8% |
| Moldova | 2.9 | 1.2 | 2.8 | 3.5 | 6.5% |
| Greece | 0.9 | 3.0 | 5.1 | 3.4 | 55.7% |
| Slovenia | 0.1 | 0.3 | 2.5 | 1.9 | 166.8% |
| China | 3.9 | 1.7 | 0.9 | 1.6 | -25.7% |
| Turkey | N/A | N/A | 0.4 | 1.1 | 175.0% |
| Others | 10.2 | 10.9 | 13.8 | 8.4 | -6.3% |
| Total | 79.8 | 81.2 | 107 | 106 | 9.9% |
Top Suppliers of Honey to Italy in 2022:
- Hungary (8.1K tons)
- Romania (3.7K tons)
- Ukraine (2.4K tons)
- Spain (2.2K tons)
- Poland (1.8K tons)
- Argentina (1.3K tons)
- China (1.0K tons)
- Greece (1.0K tons)
- Moldova (0.9K tons)
- Germany (0.8K tons)
- France (0.7K tons)
- Slovenia (0.7K tons)
- Turkey (0.6K tons)
Honey Exports in Italy
In 2022, the amount of honey exported from Italy shrank notably to 5.8K tons, with a decrease of -31.6% on the previous year's figure. Over the period under review, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. As a result, the exports attained the peak of 8.5K tons, and then contracted markedly in the following year.
In value terms, honey exports dropped remarkably to $28M in 2022. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports attained the peak of $37M, and then fell remarkably in the following year.
| Export of Honey in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.1 | 6.7 | 7.6 | 5.3 | -13.2% |
| France | 5.7 | 5.7 | 6.7 | 4.9 | -4.9% |
| Ireland | 0.3 | 0.4 | 2.7 | 3.8 | 133.1% |
| United Kingdom | 2.7 | 2.5 | 1.8 | 2.4 | -3.9% |
| United States | 1.3 | 1.5 | 2.1 | 2.0 | 15.4% |
| Switzerland | 0.9 | 1.2 | 1.3 | 1.2 | 10.1% |
| Spain | 1.2 | 1.1 | 1.1 | 1.2 | 0.0% |
| Netherlands | 1.5 | 1.1 | 1.2 | 1.1 | -9.8% |
| Belgium | 1.2 | 0.5 | 0.8 | 0.8 | -12.6% |
| Romania | 0.2 | N/A | 7.0 | 0.5 | 35.7% |
| Finland | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Others | 7.0 | 5.0 | 4.3 | 4.1 | -16.3% |
| Total | 30.4 | 25.8 | 36.8 | 27.7 | -3.1% |
Top Export Markets for Honey from Italy in 2022:
- Ireland (1745.0 tons)
- Germany (911.5 tons)
- France (765.5 tons)
- United Kingdom (433.6 tons)
- Spain (366.7 tons)
- Romania (250.0 tons)
- United States (235.8 tons)
- Belgium (148.1 tons)
- Finland (140.3 tons)
- Netherlands (139.0 tons)
- Switzerland (124.8 tons)
This report provides an in-depth analysis of the honey market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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 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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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
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