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

Honey Market Size in Colombia

In 2020, the Colombian honey market decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2018 to 2020, the growth of the market failed to regain the momentum.

Honey Production in Colombia

In value terms, honey production fell sharply to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2018 to 2020, production growth failed to regain the momentum.

Honey Exports

Exports from Colombia

In 2020, the amount of honey exported from Colombia reached X tonnes, standing approx. at 2019. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, honey exports rose rapidly to $X in 2020. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Aruba (X kg) was the main destination for honey exports from Colombia, accounting for a X% share of total exports. Moreover, honey exports to Aruba exceeded the volume sent to the second major destination, Panama (X kg), threefold. The third position in this ranking was occupied by Free Zones (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Aruba amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+X% per year) and Free Zones (+X% per year).

In value terms, Panama ($X), Aruba ($X) and Free Zones ($X) constituted the largest markets for honey exported from Colombia worldwide, together comprising X% of total exports.

Among the main countries of destination, Free Zones saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average honey export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Panama ($X per tonne), while the average price for exports to Aruba ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones, while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Colombia

In 2020, after four years of decline, there was significant growth in overseas purchases of honey, when their volume increased by X% to X tonnes. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, honey imports skyrocketed to $X in 2020. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tonnes), Argentina (X tonnes) and Chile (X tonnes) were the main suppliers of honey imports to Colombia, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Mexico, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Argentina ($X) and Chile ($X) were the largest honey suppliers to Colombia, with a combined X% share of total imports.

In terms of the main suppliers, Mexico 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, remaining constant against the previous year. Over the period under review, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Chile ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced mixed trend patterns.

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) remains the largest honey producing country worldwide, accounting for 23% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (113K tonnes), fourfold. Ukraine (93K tonnes) ranked third in terms of total production with a 4.7% share.
What are the leading suppliers of honey to Colombia?
+
In value terms, the largest honey suppliers to Colombia were Mexico ($387K), Argentina ($208K) and Chile ($136K), with a combined 95% share of total imports.
What are the leading importers of honey from Colombia?
+
In value terms, the largest markets for honey exported from Colombia were Panama ($3.1K), Aruba ($2.2K) and Free Zones ($428), together accounting for 89% of total exports.
What is the average export price for honey in Colombia?
+
The average honey export price stood at $4,479 per tonne in 2020, with an increase of 7.4% against the previous year.
What is the average import price for honey in Colombia?
+
The average honey import price stood at $2,512 per tonne in 2020, remaining relatively unchanged against the previous year.

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in Colombia. 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:
• Colombia

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

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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