Pakistan - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in Pakistan - 2023
Contents:
- Honey Price in Pakistan (FOB) - 2023
- Honey Price in Pakistan (CIF) - 2022
- Honey Exports in Pakistan
- Honey Imports in Pakistan
Honey Price in Pakistan (FOB) - 2023
The average honey export price stood at $1,636 per ton in April 2023, increasing by 16% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 72% month-to-month. As a result, the export price attained the peak level of $2,427 per ton. From September 2022 to April 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 Oman ($2,991 per ton), while the average price for exports to the United Arab Emirates ($1,495 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Honey Price in Pakistan (CIF) - 2022
In 2022, the average honey import price amounted to $3,158 per ton, waning by -45.3% against the previous year. Over the period under review, the import price, however, posted a notable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $5,774 per ton in 2021, and then dropped rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,774 per ton), while the price for the United Arab Emirates ($1,457 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Honey Exports in Pakistan
Honey exports from Pakistan expanded markedly to 4.8K tons in 2022, with an increase of 11% compared with the year before. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 177% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, honey exports contracted slightly to $7.9M in 2022. Overall, exports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, the exports attained the peak of $9.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Honey in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 6.1 | 7.1 | 6.0 | 5.7 | -2.2% |
| United Arab Emirates | 1.0 | 0.9 | 0.6 | 0.7 | -11.2% |
| Kuwait | 0.6 | 0.8 | 0.7 | 0.6 | 0.0% |
| Oman | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Qatar | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Others | 0.3 | 0.6 | 0.6 | 0.5 | 18.6% |
| Total | 8.3 | 9.8 | 8.3 | 7.9 | -1.6% |
Top Export Markets for Honey from Pakistan in 2022:
- Saudi Arabia (3054.2 tons)
- United Arab Emirates (957.3 tons)
- Kuwait (442.6 tons)
- Qatar (111.7 tons)
- Oman (71.3 tons)
Honey Imports in Pakistan
In 2022, imports of honey into Pakistan amounted to 353 tons, with an increase of 4.9% on 2021 figures. Overall, imports, however, saw a slight decrease.
In value terms, honey imports declined significantly to $1.1M in 2022. Over the period under review, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 4.3% against the previous year. As a result, imports attained the peak of $1.9M, and then fell remarkably in the following year.
| Import of Honey in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,128 | 1,284 | 1,200 | 715 | -14.1% |
| Saudi Arabia | 475 | 228 | 218 | 182 | -27.4% |
| United Arab Emirates | 191 | 243 | 105 | 108 | -17.3% |
| Egypt | 39.6 | 56.1 | 129 | 75.1 | 23.8% |
| Australia | 5.0 | 27.4 | 45.7 | 26.6 | 74.6% |
| Others | 91.9 | 24.9 | 246 | 9.4 | -53.2% |
| Total | 1,931 | 1,864 | 1,944 | 1,116 | -16.7% |
Top Suppliers of Honey to Pakistan in 2022:
- Germany (189.5 tons)
- United Arab Emirates (74.0 tons)
- Saudi Arabia (58.6 tons)
- Egypt (22.0 tons)
- Australia (7.1 tons)
This report provides an in-depth analysis of the honey market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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Global honey consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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