Greece: Honey Market Overview 2020

Honey Market Size in Greece

The revenue of the honey market in Greece amounted to $X in 2018, growing by X% against the previous year. Over the period under review, honey consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Honey consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Honey Production in Greece

In value terms, honey production amounted to $X in 2018 estimated in export prices. Overall, honey production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when production volume increased by X% y-o-y. Over the period under review, honey production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production remained at a lower figure.

Honey Exports

Exports from Greece

In 2018, approx. X tonnes of honey were exported from Greece; going up by X% against the previous year. Overall, honey exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, honey exports totaled $X in 2018. Overall, honey exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, honey exports attained their maximum in 2018 and are likely to continue its growth in the near future.

Exports by Country

Cyprus (X tonnes), Spain (X tonnes) and Canada (X tonnes) were the main destinations of honey exports from Greece, with a combined X% share of total exports. Germany, the Netherlands, the UK, Austria, Australia, the U.S., France, Ireland and South Korea lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for honey exported from Greece were Cyprus ($X), Spain ($X) and Germany ($X), together accounting for X% of total exports. The UK, Canada, the U.S., South Korea, the Netherlands, France, Austria, Australia and Ireland lagged somewhat behind, together accounting for a further X terms of the main countries of destination, South Korea (+X% per year) experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average honey export price amounted to $X per tonne, surging by X% against the previous year. Overall, the honey export price, however, continues to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Greece

In 2018, approx. X tonnes of honey were imported into Greece; surging by X% against the previous year. Over the period under review, honey imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, honey imports amounted to $X in 2018. In general, the total imports indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Bulgaria (X tonnes) constituted the largest supplier of honey to Greece, with a X% share of total imports. Moreover, honey imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), fourfold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Bulgaria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Spain (-X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of honey to Greece, comprising X% of total honey imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Bulgaria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Spain (-X% per year).

Import Prices by Country

In 2018, the average honey import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the honey import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for honey attained their maximum at $X per tonne in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Romania ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform