Ireland - Honey - Market Analysis, Forecast, Size, Trends and Insights

Ireland: Honey Market Overview 2019

Honey Market Size in Ireland

The revenue of the honey market in Ireland amounted to $X in 2017, coming up by X% against the previous year. Overall, honey consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2012, with an increase of X% y-o-y. The honey consumption peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Honey Production in Ireland

In 2017, production of honey in Ireland stood at X tonnes, remaining relatively unchanged against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. The honey production peaked in 2017, and is expected to retain its growth in the near future. Honey output in Ireland indicated a slight increase, which was largely conditioned by a slight expansion of the producing animals and a relatively flat trend pattern in yield figures.

Honey Exports

Exports from Ireland

Honey exports from Ireland totaled X tonnes in 2017, declining by -X% against the previous year. In general, honey exports continue to indicate a measured setback. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. In that year, the honey exports reached their peak volume of X tonnes. From 2013 to 2017, growth of the honey exports failed to regain its momentum.

In value terms, honey exports amounted to $X in 2017. In general, honey exports continue to indicate a measured contraction. The exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Exports by Country

The UK (X tonnes) was the main destination of honey exports from Ireland, accounting for X% share of total exports. Moreover, honey exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tonnes), more than tenfold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2017, the average annual growth rate of volume to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Italy (-X% per year).

In value terms, the UK ($X) remains the key foreign market for honey exports from Ireland, making up X% of total honey exports. The second position in the ranking was occupied by Greece ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2017, the average honey export price amounted to $X per tonne, picking up by X% against the previous year. Overall, honey export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when the average export price increased by X% against the previous year. In that year, the average export prices for honey attained their peak level of $X per kg. From 2014 to 2017, growth of the average export prices for honey stood at a somewhat lower level.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Greece ($X per tonne), while average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to China, Hong Kong SAR (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Ireland

In 2017, imports of honey into Ireland totaled X tonnes, picking up by X% against the previous year. In general, honey imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. The imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, honey imports stood at $X in 2017. In general, honey imports continue to indicate a prominent growth. The imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

China (X tonnes), the UK (X tonnes) and Spain (X tonnes) were the main suppliers of honey imports to Ireland, together accounting for X% of total imports. Argentina, New Zealand and Germany lagged somewhat behind, together comprising a further X%.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by New Zealand (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and New Zealand ($X) appeared to be the largest honey suppliers to Ireland, together accounting for X% of total imports.

New Zealand (+X% per year) recorded the highest growth rate of imports,in terms of the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average honey import price stood at $X per tonne in 2017, lowering by -X% against the previous year. In general, the import price indicated a modest increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the honey import price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2008, when the average import price increased by X% year-to-year. Over the period under review, the average import prices for honey attained its maximum level of $X per tonne in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of origin; the country with the highest import price was New Zealand ($X per tonne), while price for China ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Argentina (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform