Turkey - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in Turkey - 2023
Contents:
- Honey Price in Turkey (FOB) - 2023
- Honey Price in Turkey (CIF) - 2022
- Honey Exports in Turkey
- Honey Imports in Turkey
Honey Price in Turkey (FOB) - 2023
In September 2023, the average honey export price amounted to $3,355 per ton, reducing by -3.5% against the previous month. Overall, export price indicated a modest expansion from September 2022 to September 2023: its price 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 September 2023 figures, honey export price increased by +11.0% against July 2023 indices. The growth pace was the most rapid in April 2023 an increase of 61% month-to-month. As a result, the export price reached the peak level of $4,711 per ton. From May 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the Netherlands ($6,743 per ton), while the average price for exports to Bulgaria ($1,384 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Honey Price in Turkey (CIF) - 2022
In 2022, the average honey import price amounted to $3,769 per ton, falling by -36.8% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $23,568 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,689 per ton), while the price for Poland ($2,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Honey Exports in Turkey
In 2022, approx. 17K tons of honey were exported from Turkey; picking up by 75% compared with the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, honey exports surged to $46M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Honey in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 5.6 | 9.4 | 18.4 | 62.3% |
| Spain | 0.4 | 0.5 | 2.3 | 7.0 | 159.6% |
| Germany | 9.0 | 9.2 | 7.1 | 5.4 | -15.7% |
| Israel | N/A | 0.2 | 1.0 | 2.2 | 231.7% |
| Poland | N/A | 0.1 | 0.4 | 1.4 | 274.2% |
| Italy | N/A | N/A | 0.5 | 1.1 | 120.0% |
| Bulgaria | 0.4 | N/A | 1.1 | 1.0 | 35.7% |
| Slovakia | 0.1 | N/A | 0.7 | 0.7 | 91.3% |
| Saudi Arabia | 3.2 | 3.1 | 0.2 | N/A | -75.0% |
| Others | 7.3 | 7.4 | 8.5 | 9.1 | 7.6% |
| Total | 24.8 | 26.2 | 31.1 | 46.3 | 23.1% |
Top Export Markets for Honey from Turkey in 2022:
- Saudi Arabia (undefinedK tons)
- United States (7.5K tons)
- Spain (2.9K tons)
- Germany (1.3K tons)
- Israel (1.0K tons)
- Poland (0.8K tons)
- Italy (0.6K tons)
- Bulgaria (0.6K tons)
- Slovakia (0.4K tons)
Honey Imports in Turkey
After three years of growth, supplies from abroad of honey decreased by -31.7% to 43 tons in 2022. Over the period under review, imports showed a mild contraction. The pace of growth appeared the most rapid in 2020 with an increase of 28%.
In value terms, honey imports dropped sharply to $163K in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 33%.
| Import of Honey in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.8 | 121 | 195 | 81.2 | 128.6% |
| Poland | N/A | N/A | N/A | 45.4 | 0% |
| India | 11.5 | 23.3 | 22.2 | 23.5 | 26.9% |
| Iran | N/A | 0.7 | N/A | 5.1 | 169.9% |
| China | 10.9 | 0.1 | 2.6 | 3.4 | -32.2% |
| Australia | 8.5 | N/A | 1.6 | 1.8 | -40.4% |
| United Arab Emirates | 12.4 | 11.5 | N/A | 0.4 | -68.2% |
| United Kingdom | 53.8 | 21.5 | 0.1 | 0.4 | -80.5% |
| Canada | N/A | 102 | 0.9 | 0.2 | -95.6% |
| Spain | 19.2 | N/A | N/A | N/A | 0% |
| Italy | 73.5 | N/A | 0.2 | N/A | -94.8% |
| Qatar | 23.6 | N/A | 0.1 | N/A | -93.5% |
| Saudi Arabia | N/A | N/A | 70.0 | N/A | 0% |
| Others | 1.2 | 14.2 | 85.7 | 1.8 | 14.5% |
| Total | 221 | 294 | 378 | 163 | -9.6% |
Top Suppliers of Honey to Turkey in 2022:
- Canada (undefined tons)
- Saudi Arabia (undefined tons)
- United Arab Emirates (undefined tons)
- Qatar (undefined tons)
- United Kingdom (undefined tons)
- Italy (undefined tons)
- Poland (21.6 tons)
- Germany (12.1 tons)
- India (6.8 tons)
- Iran (1.2 tons)
- China (0.8 tons)
- Australia (0.4 tons)
This report provides an in-depth analysis of the honey market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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This report provides an in-depth analysis of the honey market in Turkey.
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This report provides an in-depth analysis of the honey market in Turkey.
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In January 2023, the manuka price stood at $3,076 per ton (FOB, Turkey), increasing by 9.8% against the previous month.
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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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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
