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Azerbaijan - Honey - Market Analysis, Forecast, Size, Trends and Insights
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Azerbaijan: Honey Market Overview 2021

Honey Market Size in Azerbaijan

For the eleventh consecutive year, the Azerbaijani honey market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption recorded buoyant growth. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Honey Production in Azerbaijan

In value terms, honey production surged to $X in 2020 estimated in export prices. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2020 and is likely to see steady growth in the immediate term.

Honey Exports

Exports from Azerbaijan

For the fourteenth year in a row, Azerbaijan recorded growth in shipments abroad of honey, which increased by X% to X kg in 2020. Overall, exports saw strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, honey exports soared to $X in 2020. Over the period under review, exports saw strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X kg) was the main destination for honey exports from Azerbaijan, with a X% share of total exports. Moreover, honey exports to Japan exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at +X%.

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%.

Export Prices by Country

The average honey export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, honey export price increased by +X% against 2007 indices. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to China amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan.

Honey Imports

Imports into Azerbaijan

For the fifth year in a row, Azerbaijan recorded growth in supplies from abroad of honey, which increased by X% to X tonnes in 2020. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, honey imports declined to $X in 2020. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then declined in the following year.

Imports by Country

Iran (X tonnes), Turkey (X tonnes) and Russia (X tonnes) were the main suppliers of honey imports to Azerbaijan, together comprising X% of total imports. These countries were followed by Germany and Denmark, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest honey suppliers to Azerbaijan were Turkey ($X), Russia ($X) and Iran ($X), with a combined X% share of total imports. These countries were followed by Germany and Denmark, which together accounted for a further X the main suppliers, Denmark (+X% per year) saw 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.

Import Prices by Country

The average honey import price stood at $X per tonne in 2020, declining by -X% against the previous year. In general, the import price, however, posted a measured increase. The growth pace was the most rapid in 2016 an increase of X% year-to-year. The import price peaked at $X per tonne in 2019, and then dropped markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Iran ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honey in the world?
+
The countries with the highest volumes of honey consumption in 2020 were China (325K tonnes), the U.S. (226K tonnes) and Turkey (107K tonnes), together accounting for 34% of global consumption. These countries were followed by Germany, Canada, Iran, Russia, the UK, Ethiopia, Japan, France, Spain and Mexico, which together accounted for a further 31%.
What are the largest producers of honey in the world?
+
China (453K tonnes) constituted the country with the largest volume of honey production, comprising approx. 23% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (113K tonnes), fourfold. The third position in this ranking was occupied by Ukraine (93K tonnes), with a 4.7% share.
What are the leading suppliers of honey to Azerbaijan?
+
In value terms, the largest honey suppliers to Azerbaijan were Turkey ($175K), Russia ($134K) and Iran ($114K), with a combined 89% share of total imports. These countries were followed by Germany and Denmark, which together accounted for a further 6.5%.
What is the average export price for honey in Azerbaijan?
+
The average honey export price stood at $11,078 per tonne in 2020, rising by 12% against the previous year.
What is the average import price for honey in Azerbaijan?
+
In 2020, the average honey import price amounted to $3,891 per tonne, shrinking by -15.2% against the previous year.

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in Azerbaijan. 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 2025.


Country coverage:
• Azerbaijan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Azerbaijan
• 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
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 PRODUCTS

Finding New Products to Diversify Your Business

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

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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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