Portugal - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in Portugal - 2023
Contents:
- Honey Price in Portugal (CIF) - 2023
- Honey Price in Portugal (FOB) - 2023
- Honey Imports in Portugal
- Honey Exports in Portugal
Honey Price in Portugal (CIF) - 2023
The average honey import price stood at $2,066 per ton in August 2023, waning by -14.8% against the previous month. Overall, the import price, however, showed slight growth. The growth pace was the most rapid in December 2022 an increase of 93% m-o-m. As a result, import price attained the peak level of $4,052 per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($4,385 per ton), while the price for China ($1,329 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Honey Price in Portugal (FOB) - 2023
In August 2023, the average honey export price amounted to $1,874 per ton, waning by -4.8% against the previous month. Overall, the export price recorded a mild contraction. The growth pace was the most rapid in December 2022 when the average export price increased by 73% m-o-m. As a result, the export price reached the peak level of $3,612 per ton. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to Italy ($2,056 per ton) and Belgium ($2,048 per ton), while the average price for exports to Spain ($1,781 per ton) and Germany ($1,976 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.4%), while the prices for the other major destinations experienced a decline.
Honey Imports in Portugal
In 2022, honey imports into Portugal soared to 14K tons, rising by 44% on the year before. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, honey imports surged to $31M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Honey in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.3 | 5.3 | 5.5 | 7.8 | 13.7% |
| China | 4.6 | 4.4 | 4.9 | 5.7 | 7.4% |
| Cuba | 1.6 | 1.7 | 3.1 | 5.4 | 50.0% |
| Mexico | 0.8 | 1.5 | 4.0 | 3.9 | 69.6% |
| Turkey | N/A | N/A | N/A | 2.9 | 0% |
| Romania | N/A | N/A | N/A | 0.9 | 0% |
| India | N/A | 0.2 | N/A | 0.6 | 73.2% |
| Others | 3.4 | 4.0 | 3.9 | 3.7 | 2.9% |
| Total | 15.7 | 17.1 | 21.5 | 30.9 | 25.3% |
Top Suppliers of Honey to Portugal in 2022:
- China (5.0K tons)
- Spain (2.5K tons)
- Cuba (2.2K tons)
- Mexico (1.1K tons)
- Turkey (0.9K tons)
- Romania (0.5K tons)
- India (0.4K tons)
Honey Exports in Portugal
In 2022, approx. 11K tons of honey were exported from Portugal; with an increase of 15% against 2021. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, honey exports soared to $27M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Honey in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.4 | 10.9 | 15.8 | 23.8 | 41.5% |
| Germany | 1.3 | 1.4 | 1.7 | 1.1 | -5.4% |
| Others | 1.9 | 1.4 | 2.8 | 1.7 | -3.6% |
| Total | 11.6 | 13.7 | 20.3 | 26.6 | 31.9% |
Top Export Markets for Honey from Portugal in 2022:
- Spain (10.3K tons)
- Germany (0.3K tons)
This report provides an in-depth analysis of the honey market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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
10190
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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In 2015 the global honey market value totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011.
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Global honey market production was estimated at X million USD in 2015, which was X million USD (or X%) below the peak production level of 2013.
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The value of total imports on the global honey market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of honey reached X thousand tons in 2015, which was X tho
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In 2015, the global market value of honey totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011. The next four years were characterized by mixed dynamics. In physical terms, the market showed gradual increase ov
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From 2007 to 2015, global exports of honey grew by +X% per year, amounting to X million USD in 2015. In physical terms, they reached X thousand tons in 2015, which was X thousand tons more than the year before.
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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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