South Africa - Honey - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHoney Price in South Africa - 2023
Contents:
- Honey Price in South Africa (CIF) - 2022
- Honey Price in South Africa (FOB) - 2022
- Honey Imports in South Africa
- Honey Exports in South Africa
Honey Price in South Africa (CIF) - 2022
In 2022, the average honey import price amounted to $1,262 per ton, rising by 4.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $1,613 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,482 per ton), while the price for China ($1,105 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.7%), while the prices for the other major suppliers experienced a decline.
Honey Price in South Africa (FOB) - 2022
The average honey export price stood at $5,463 per ton in 2022, increasing by 17% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.9% 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 +33.3% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 55%. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($8,177 per ton), while the average price for exports to Namibia ($4,076 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Honey Imports in South Africa
In 2022, purchases abroad of honey decreased by -67.8% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year.
In value terms, honey imports declined markedly to $2.6M in 2022. Overall, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 22%. As a result, imports attained the peak of $9.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Honey in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.3 | 4.7 | 6.0 | 1.9 | -29.0% |
Zambia | 1.7 | 1.7 | 0.9 | 0.4 | -38.3% |
Italy | 0.5 | 0.4 | N/A | 0.1 | -41.5% |
Uruguay | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
Poland | N/A | 1.1 | N/A | N/A | 0% |
Others | N/A | 1.3 | 0.5 | N/A | -61.5% |
Total | 7.9 | 9.6 | 7.7 | 2.6 | -31.0% |
Top Suppliers of Honey to South Africa in 2022:
- China (1762.6 tons)
- Zambia (189.7 tons)
- Uruguay (54.1 tons)
- Italy (38.0 tons)
Honey Exports in South Africa
In 2022, overseas shipments of honey decreased by -25.1% to 406 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 656 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, honey exports reduced to $2.2M in 2022. Over the period under review, exports saw a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Honey in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 777 | 679 | 798 | 716 | -2.7% |
Namibia | 697 | 1,059 | 781 | 701 | 0.2% |
Lesotho | 236 | 288 | 243 | 218 | -2.6% |
Swaziland | 139 | 271 | 214 | 192 | 11.4% |
Mozambique | 98.9 | 154 | 128 | 115 | 5.2% |
Sri Lanka | 123 | 43.3 | 78.9 | 70.8 | -16.8% |
Malawi | 91.2 | 99.0 | 69.4 | 63.2 | -11.5% |
Others | 254 | 92.5 | 210 | 141 | -17.8% |
Total | 2,415 | 2,686 | 2,522 | 2,217 | -2.8% |
Top Export Markets for Honey from South Africa in 2022:
- Namibia (171.9 tons)
- Botswana (98.7 tons)
- Lesotho (44.4 tons)
- Swaziland (23.4 tons)
- Mozambique (22.6 tons)
- Sri Lanka (11.4 tons)
- Malawi (10.5 tons)
This report provides an in-depth analysis of the honey market in South Africa. 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 2030.
Product coverage:
- FCL 1182 - Honey
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the honey market in South Africa.
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This report provides an in-depth analysis of the honey market in South Africa.
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This report provides an in-depth analysis of the global honey market.
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In 2016, the honey market surged to X tons, which was X tons (or X%) more than the year before. In value terms, it reached $X. From 2007 to 2016, the honey market in South Africa demonstrated an overall upward trend with some wild fluctua
In 2016, the market value of honey totaled $X. A slight drop in 2009 was followed by a sharp increase over the period from 2010-2013. However, the market value declined over the next two years, which was then followed by a recovery in 2016. Equall
Global honey consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global honey imports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
In 2015 the global honey market value totaled X million USD. A slight drop in 2009 was followed by a sharp increase in 2010-2011.
Global honey market production was estimated at X million USD in 2015, which was X million USD (or X%) below the peak production level of 2013.
The value of total imports on the global honey market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of honey reached X thousand tons in 2015, which was X tho
In 2015, the global market value of honey totaled X 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 ov
From 2007 to 2015, global exports of honey grew by +X% per year, amounting to X million USD in 2015. In physical terms, they reached X thousand tons in 2015, which was X thousand tons more than the year before.
Honey is predominantly consumed in its unprocessed state, in other words - in a liquid, crystallized form or in the comb. Containing a complex of naturally flavored sugars as well as trace enzymes, minerals, vitamins, and amino acids, honey is consumed