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South Africa - Honey - Market Analysis, Forecast, Size, Trends and Insights
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South Africa: Honey Market Overview 2020

Honey Market Size in South Africa

The revenue of the honey market in South Africa amounted to $X in 2018, approximately mirroring the previous year. Over the period under review, the total market indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey consumption decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the honey market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Honey Production in South Africa

In value terms, honey production stood at $X in 2018 estimated in export prices. Over the period under review, honey production continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2008 when production volume increased by X% against the previous year. Honey production peaked at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Honey Exports

Exports from South Africa

Honey exports from South Africa stood at X tonnes in 2018, picking up by X% against the previous year. Overall, honey exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2011 with an increase of 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.

In value terms, honey exports totaled $X in 2018. Overall, honey exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Namibia (X tonnes), Botswana (X tonnes) and Lesotho (X tonnes) were the main destinations of honey exports from South Africa, with a combined X% share of total exports. Mozambique, Ethiopia, Malawi and the United Arab Emirates lagged somewhat behind, together comprising 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 Ethiopia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for honey exported from South Africa were Namibia ($X), Botswana ($X) and Lesotho ($X), together accounting for X% of total exports. Mozambique, Ethiopia, Malawi and the United Arab Emirates lagged somewhat behind, together comprising a further X the main countries of destination, Ethiopia (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average honey export price stood at $X per tonne in 2018, reducing by -X% against the previous year. In general, the honey export price continues to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for honey reached their maximum at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Ethiopia ($X per tonne), while the average price for exports to Namibia ($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 Malawi, while the prices for the other major destinations experienced mixed trend patterns.

Honey Imports

Imports into South Africa

In 2018, the imports of honey into South Africa stood at X tonnes, rising by X% against the previous year. Overall, honey imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, honey imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, honey imports stood at $X in 2018. Overall, honey imports continue to indicate a strong increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of honey to South Africa, accounting for a X% share of total imports. Moreover, honey imports from China exceeded the figures recorded by the second-largest supplier, Zambia (X tonnes), fivefold.

From 2007 to 2018, the average annual rate of growth in terms of volume from China stood at +X%.

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

From 2007 to 2018, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2018, the average honey import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the honey import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. In that year, the average import prices for honey reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for honey remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Zambia.

Source: IndexBox AI Platform

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in South Africa. 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 2030.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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