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United Kingdom - Honey - Market Analysis, Forecast, Size, Trends and Insights
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United Kingdom: Honey Market Overview 2020

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Honey Market Size in the UK

The UK honey market dropped to $X in 2019, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Honey Production in the UK

In value terms, honey production soared to $X in 2019 estimated in export prices. Over the period under review, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Honey Exports

Exports from the UK

In 2019, after five years of growth, there was significant decline in shipments abroad of honey, when their volume decreased by -X% to X tonnes. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. The UK exports peaked at X tonnes in 2018, and then reduced dramatically in the following year.

In value terms, honey exports soared to $X in 2019. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The UK exports peaked in 2019 and are likely to see gradual growth in years to come.

Exports by Country

In 2018, China (X tonnes), distantly followed by Argentina (X tonnes), India (X tonnes), Ukraine (X tonnes), Viet Nam (X tonnes) and Mexico (X tonnes) were the key exporters of honey, together generating X% of total exports. Brazil (X tonnes), Germany (X tonnes), Spain (X tonnes), Hungary (X tonnes), Belgium (X tonnes) and Canada (X tonnes) took a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ukraine, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest honey supplying countries from the UK were China ($X), Argentina ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Mexico, Spain, India, Ukraine, Brazil, Hungary, Belgium, Viet Nam and Canada, which together accounted for a further X terms of the main exporting countries, Ukraine 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

In 2018, the honey export price in the UK amounted to $X per tonne, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Honey Imports

Imports into the UK

In 2019, supplies from abroad of honey decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. In general, total imports indicated noticeable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2018, and then reduced slightly in the following year.

In value terms, honey imports contracted to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

In 2018, the U.S. (X tonnes) represented the main importer of honey, generating X% of total imports. It was distantly followed by Germany (X tonnes), Japan (X tonnes) and France (X tonnes), together making up a X% share of total imports. Spain (X tonnes), Italy (X tonnes), Poland (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the Netherlands (X tonnes) and Australia (X tonnes) occupied a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to honey imports into the U.S. stood at +X%. At the same time, Australia (+X%), Poland (+X%), Belgium (+X%), Italy (+X%), Spain (+X%), Saudi Arabia (+X%), the Netherlands (+X%), France (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Poland, Italy, Belgium, Spain, France and Australia increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest honey importing markets into the UK were the U.S. ($X), Germany ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by France, Italy, Saudi Arabia, Belgium, Spain, Poland, the Netherlands and Australia, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The honey import price in the UK stood at $X per tonne in 2018, dropping by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. The UK import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($X per tonne), while Poland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honey in the world?
+
The countries with the highest volumes of honey consumption in 2019 were China (330K tonnes), the U.S. (248K tonnes) and Turkey (113K tonnes), with a combined 36% share of global consumption. Iran, Germany, Russia, the UK, Ethiopia, Japan, France, Mexico and Spain lagged somewhat behind, together accounting for a further 26%.
What are the largest producers of honey in the world?
+
China (456K tonnes) remains the largest honey producing country worldwide, comprising approx. 24% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (119K tonnes), fourfold. Iran (81K tonnes) ranked third in terms of total production with a 4.3% share.
What are the leading suppliers of honey to the UK?
+
In value terms, China ($43M), New Zealand ($32M) and Mexico ($14M) were the largest honey suppliers to the UK, with a combined 70% share of total imports. These countries were followed by Germany and Belgium, which together accounted for a further 9.1%.
What are the leading importers of honey from the UK?
+
In value terms, Ireland ($10M) remains the key foreign market for honey exports from the UK, comprising 40% of total exports. The second position in the ranking was occupied by the Netherlands ($4.3M), with a 17% share of total exports. It was followed by Italy, with a 4.3% share.
What is the average export price for honey in the UK?
+
The average honey export price stood at $5,249 per tonne in 2018, jumping by 21% against the previous year.
What is the average import price for honey in the UK?
+
The average honey import price stood at $2,535 per tonne in 2018, with a decrease of -10.7% against the previous year.

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the honey market in the UK. 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:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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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