Ireland: Honey Market Overview 2021

Honey Market Size in Ireland

After two years of growth, the Irish honey market decreased by -X% to $X in 2019. In general, consumption, however, saw a strong increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Honey consumption peaked at $X in 2018, and then contracted in the following year.

Honey Production in Ireland

In value terms, honey production plummeted to $X in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2014 to 2019, production growth remained at a lower figure.

Honey Exports

Exports from Ireland

In 2019, shipments abroad of honey increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are likely to see gradual growth in the immediate term.

In value terms, honey exports soared to $X in 2019. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the near future.

Exports by Country

The UK (X tonnes) was the main destination for honey exports from Ireland, with a X% share of total exports. It was followed by the U.S. (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the UK totaled +X%.

In value terms, the UK ($X) remains the key foreign market for honey exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the UK totaled +X%.

Export Prices by Country

In 2019, the average honey export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the UK totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Honey Imports

Imports into Ireland

In 2019, purchases abroad of honey decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked at X tonnes in 2018, and then declined slightly in the following year.

In value terms, honey imports expanded to $X in 2019. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tonnes), China (X tonnes) and Spain (X tonnes) were the main suppliers of honey imports to Ireland, with a combined X% share of total imports. Hungary and Argentina lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Hungary (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual rate of growth in terms of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2019, the average honey import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Hungary ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honey in the world?

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The countries with the highest volumes of honey consumption in 2019 were China (330K tonnes), the U.S. (252K tonnes) and Turkey (104K tonnes), with a combined 36% share of global consumption. These countries were followed by Canada, Iran, Germany, Russia, Ethiopia, the UK, Japan, France, Spain and Mexico, which together accounted for a further 30%.

What are the largest producers of honey in the world?

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China (444K tonnes) constituted the country with the largest volume of honey production, accounting for 23% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. The third position in this ranking was occupied by Canada (80K tonnes), with a 4.2% share.

What are the leading suppliers of honey to Ireland?

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In value terms, the UK ($11M) constituted the largest supplier of honey to Ireland, comprising 57% of total imports. The second position in the ranking was occupied by China ($4.3M), with a 23% share of total imports. It was followed by Spain, with a 4.3% share.

What are the leading importers of honey from Ireland?

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In value terms, the UK ($5.9M) remains the key foreign market for honey exports from Ireland, comprising 90% of total exports. The second position in the ranking was occupied by the U.S. ($346K), with a 5.3% share of total exports.

What is the average export price for honey in Ireland?

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In 2019, the average honey export price amounted to $4,330 per tonne, with a decrease of -23.7% against the previous year.

What is the average import price for honey in Ireland?

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In 2019, the average honey import price amounted to $3,547 per tonne, with an increase of 7.7% against the previous year.