Ukraine: Honey Market 2024

Honey Market Size in Ukraine

In 2022, the Ukrainian honey market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a abrupt downturn. Honey consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Honey Production in Ukraine

In value terms, honey production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Honey Exports

Exports from Ukraine

In 2022, shipments abroad of honey decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, honey exports fell modestly to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main destinations of honey exports from Ukraine, with a combined X% share of total exports. The United States, Italy, the Czech Republic, Spain, Belgium, Lithuania, Hungary, Slovakia, Bulgaria and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and France ($X) constituted the largest markets for honey exported from Ukraine worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average honey export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, honey export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Denmark ($X per ton), while the average price for exports to Lithuania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Ukraine

In 2022, honey imports into Ukraine skyrocketed to X tons, with an increase of X% against the year before. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, honey imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of honey to Ukraine, with a X% share of total imports. Moreover, honey imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

In value terms, the UK ($X) constituted the largest supplier of honey to Ukraine, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average honey import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price faced a deep downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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