Global Honey Market Reached 6,653M USD in 2015

Other Food Products May 23, 2017
Author: Irina Andreeva
Market Analyst

honey market

Photo: © Perfect Lazybones / Bigstockphoto

According to market research conducted by IndexBox, in 2015 the global honey market value totaled 6,653 million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011. The next four years were characterized by mixed dynamics. In physical terms, the market showed gradual increase over the period under the review, reaching 1,743 thousand tonnes. China (20%) and the U.S. (14%) were the countries with the highest demand, followed by Turkey (6%), Germany (5%), and Russia (4%).

The U.S., with +4.5% growth, and Turkey, with +4.3% growth, recorded the highest annual growth rates of honey consumption from 2007 to 2015. Following significant consumption growth rates, the U.S. strengthened its share in terms of global consumption, growing from 11% in 2007 to 14% in 2015. Turkey (1.3 kg/year in 2015) and Germany (1.1 kg/year) recorded high levels of per capita consumption among the leading consuming countries, which was significantly higher than the world average of 0.2 kg/year. The U.S., with +3.7% growth, Turkey with +2.7%, and Russia with +2.2% growth had the most notable annual growth rates of per capita consumption from 2007 to 2015.

In 2015, the volume of global exports totaled 654 thousand tonnes, which was 8% more than the year before. The annual growth rate of honey exports was +6.8% per year from 2007 to 2015. After a 12% decline in 2009, a gradual increase over the period from 2010 to 2015 was observed. China (22%, based on tonnes) was the main global supplier of honey. Argentina took the second position in the ranking with a 7% share of total exports, followed by Mexico, India, Vietnam, and Ukraine (6% each).

The volume of global imports totaled 643 thousand tonnes in 2015. Import dynamics were generally in line with exports, as these trade flows globally compliment each other. Following the high trade intensity, the share of imports in global demand accounted for about 37% in 2015. It was 9 percentage points higher compared with 2007. In 2015, the U.S. (27%) was the leading destination of honey imports. It was distantly followed by Germany (14%), the U.K. (6%), and Japan (6%).

Do you want to know more about the global honey market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • honey market share
  • honey prices
  • honey industry
  • honey sales
  • honey market forecast
  • honey price forecast
  • key honey producers

Source: World: Honey - Market Report. Analysis And Forecast To 2025