Latest Report Update: Apr 11, 2019

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

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Thailand: Honey Market Overview 2019

Honey Market Size in Thailand

The revenue of the honey market in Thailand amounted to $X in 2017, coming down by -X% against the previous year. Overall, honey consumption continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The honey consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Honey Production in Thailand

Honey production in Thailand totaled X tonnes in 2017, going up by X% 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 somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2015, when it surged by X% y-o-y. Over the period under review, the honey production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term. Honey output in Thailand indicated a measured growth, which was largely conditioned by a moderate expansion of the producing animals and a relatively flat trend pattern in yield figures.

Honey Exports

Exports from Thailand

Honey exports from Thailand amounted to X tonnes in 2017, coming up by X% against the previous year. In general, honey exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. The exports peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, honey exports amounted to $X in 2017. Overall, honey exports continue to indicate a strong increase. The exports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Exports by Country

Taiwan, Chinese (X tonnes), the U.S. (X tonnes) and Canada (X tonnes) were the main destinations of honey exports from Thailand, with a combined X% share of total exports.

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

In value terms, Taiwan, Chinese ($X), the U.S. ($X) and China ($X) were the largest markets for honey exported from Thailand worldwide, together accounting for X% of total exports. These countries were followed by Canada, Malaysia and Indonesia, which together accounted for a further X%.

Canada (+X% per year) recorded the highest growth rate of exports,among the main countries of destination over the last decade, 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 2017, picking up by X% against the previous year. In general, the export price indicated a temperate 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 export price increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year. Over the period under review, the average export prices for honey attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was China ($X per tonne), while average price for exports to Indonesia ($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 the U.S. (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Thailand

In 2017, the amount of honey imported into Thailand stood at X tonnes, surging by X% against the previous year. In general, honey imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. The imports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, honey imports amounted to $X in 2017. In general, honey imports continue to indicate a prominent growth. Over the period under review, the honey imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Imports by Country

Myanmar (X tonnes), China (X tonnes) and Australia (X tonnes) were the main suppliers of honey imports to Thailand, together comprising X% of total imports. These countries were followed by Germany, Viet Nam, France and South Korea, which together accounted for a further X%.

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

In value terms, China ($X), Myanmar ($X) and Australia ($X) appeared to be the largest honey suppliers to Thailand, with a combined X% share of total imports. France, Germany, South Korea and Viet Nam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average honey import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price indicated a remarkable growth 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 increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2016, an increase of X% against the previous year. In that year, the average import prices for honey reached their peak level of $X per tonne, and then declined slightly in the following year.

Import prices varied noticeably by the country of origin; the country with the highest import price was France ($X per tonne), while price for Myanmar ($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 Germany (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 1182 - Honey

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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