Latest Report Update: Apr 11, 2019

U.S. - Honey - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Honey Market Overview 2019

Honey Market Size in the USA

The revenue of the honey market in the U.S. amounted to $X in 2017, jumping by X% against the previous year. In general, honey consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2008, when market value increased by X% against the previous year. The honey consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Honey Production in the USA

Honey production in the U.S. amounted to X tonnes in 2017, lowering by -X% against the previous year. Overall, honey production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by X% y-o-y. The honey production peaked of X tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level. Honey output in the U.S. indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the producing animals and a relatively flat trend pattern in yield figures.

Honey Exports

Exports from the USA

In 2017, honey exports from the U.S. amounted to X tonnes, picking up by X% against the previous year. In general, honey exports continue to indicate a strong expansion. The growth pace was the most rapid in 2010, when exports increased by X% year-to-year. In that year, the honey exports reached their peak volume of X tonnes. From 2011 to 2017, growth of the honey exports stood at a somewhat lower level.

In value terms, honey exports amounted to $X in 2017. In general, the total exports indicated a strong growth from 2007 to 2017: its value 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 exports increased by +X% against 2012 indices. The exports peaked in 2017, and are likely to see steady growth in the immediate term.

Exports by Country

Canada (X tonnes) was the main destination of honey exports from the U.S., accounting for X% share of total exports. Moreover, honey exports to Canada exceeded the volume sent to the second major destination, Japan (X tonnes), threefold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and South Korea (+X% per year).

In value terms, Canada ($X) remains the key foreign market for honey exports from the U.S., making up X% of total honey exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2017, the average honey export price amounted to $X per tonne, lowering by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011, when the average export price increased by X% against the previous year. The export price peaked of $X per tonne in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of origin; the country with the highest export price was South Korea ($X per tonne), while average price for exports to the Philippines ($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 South Korea (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Honey Imports

Imports into the USA

In 2017, imports of honey into the U.S. stood at X tonnes, increasing by X% against the previous year. Overall, the total imports indicated a strong expansion from 2007 to 2017: its volume 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 imports increased by +X% against 2009 indices. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. Over the period under review, the honey imports reached its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, honey imports totaled $X in 2017. In general, honey imports continue to indicate a strong growth. The imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Imports by Country

Brazil (X tonnes), India (X tonnes) and Argentina (X tonnes) were the main suppliers of honey imports to the U.S., with a combined X% share of total imports. Viet Nam, Canada and Ukraine lagged somewhat behind, together comprising a further X%.

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

In value terms, Brazil ($X), India ($X) and Argentina ($X) were the largest honey suppliers to the U.S., with a combined X% share of total imports. Viet Nam, Canada and Ukraine lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ukraine (+X% per year) experienced the highest growth rate of 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, growing by X% against the previous year. In general, the import price indicated a remarkable 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 import price decreased by -X% against 2014 indices. The growth pace was the most rapid in 2008, when the average import price increased by X% year-to-year. Over the period under review, the average import prices for honey attained its maximum level of $X per tonne in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from Argentina ($X per tonne) and Viet Nam ($X per tonne), while price for Canada ($X per tonne) and Ukraine ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Viet Nam (+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 the USA. 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:
• USA

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